Highlights

  • Sanford C. Bernstein lifts ConocoPhillips’ price target to USD 116.
  • Majority of analysts continue to assign positive ratings.
  • Latest quarterly earnings exceeded market estimates.

Sanford C. Bernstein has increased its price objective for ConocoPhillips (NYSE:COP) from USD 115.00 to USD 116.00 in a recent research report. The brokerage reiterated an “outperform” rating, indicating confidence in the company’s outlook within the energy sector. ConocoPhillips operates a diversified global portfolio that includes crude oil, natural gas, LNG, and related products across the United States, Canada, Europe, Asia, and Australia, with additional oil sands and exploration interests worldwide.

Broader Analyst Coverage

Multiple firms have issued updates in recent months as they review market conditions and commodity trends. UBS Group reduced its target price to USD 117.00 while maintaining a Buy stance. Barclays also trimmed its target to USD 118.00 and kept an Overweight rating. Piper Sandler lowered its target to USD 115.00 and maintained an Overweight view as well. Melius Research initiated coverage with a Hold rating and a USD 117.00 price objective.

Consensus data compiled by MarketBeat shows nineteen analysts currently assign a Buy rating and six suggest Hold. The average target price stands near USD 115.16, reflecting overall confidence from equity researchers.

Recent Earnings Performance

ConocoPhillips released its quarterly results on November 6th, reporting earnings per share of USD 1.61, ahead of analysts’ expectations of USD 1.41. The company recorded a 15.26% net margin and a return on equity of 14.60%. Revenue reached USD 15.03 billion, compared to USD 14.51 billion estimated. Year-over-year revenue rose 14.1%, although the same period last year delivered USD 1.78 per share. Analyst forecasts indicate earnings of around USD 8.16 per share for the current year.

Operational Overview

The company continues to focus on a broad upstream production footprint that includes:

  • Unconventional North American assets
  • Conventional developments across several international regions
  • Global LNG projects
  • Oil sands operations in Canada
  • Exploration prospects in multiple basins

This approach supports exposure to several hydrocarbon markets and resource types.

Shares of COP last traded at USD 87.37 on November 21 2025.