ConocoPhillips (COP) is currently showing signs of potential upside based on technical indicators. The stock is trading near its lower Bollinger Band, suggesting it may be oversold. The RSI (14) is at 37.12, indicating a potential reversal. Additionally, the MACD is showing early signs of a bullish crossover.
Recent news indicates positive sentiment, with Barclays maintaining a Buy rating and a price target of $135.00. Insider activity is also positive, with 33 insiders buying shares recently, including a notable purchase by Director Arjun Murti. Analyst consensus remains Strong Buy with an average price target of $131.43.
The stock is currently trading near its Fibonacci pivot level of $93.52. Key resistance levels are at $98.47 (R1) and $101.52 (R2), while support is at $88.57 (S1) and $85.52 (S2).
Based on the analysis, the stock is expected to test the $98.47 resistance level next week. The recommendation is to buy as the technical indicators and positive news sentiment suggest a short-term upside.
Predicted Price: $98.00
Recommendation: Buy
The price of COP is predicted to go up 2.05%, based on the high correlation periods with PR. The similarity of these two price pattern on the periods is 96.36%.
COP
PR
Year
COP Price Forecast($)
Potential Return(%)
2025
101.180
0.090
2026
135.000
36.160
2027
145.000
46.240
2028
145.000
46.240
2029
150.000
51.290
2030
189.700
91.330
A large position in the Permian offers low-cost liquids growth with wider margins, lower risk, and higher returns than international operations.
Over the long term, management does not plan to increase activity with oil prices, instead directing excess cash flow toward repurchases with a payout target of 30% of cash flow.
With a 10-year plan that includes a robust financial framework, focus on shareholder returns, and a low $35/bbl free cash flow break-even level, management is demonstrating its commitment to capital discipline and making Conoco a viable long-term holding.
Raymond James
2025-02-10
Price Target
$157 → $124
Upside
+26.02%
Barclays
2025-02-10
Price Target
$137 → $135
Upside
+37.2%
Raymond James
2025-01-23
Price Target
$148 → $157
Upside
+50.98%