Are Wall Street Analysts Bullish on ConocoPhillips Stock?

Core Insights - ConocoPhillips (COP) is a major independent exploration and production company with a market cap of $111 billion, focusing on a diverse portfolio that includes crude oil, bitumen, LNG, and natural gas liquids [1] Performance Overview - ConocoPhillips shares have decreased by 17.9% over the past year, underperforming the S&P 500 Index, which gained 19.6%. In 2025, the stock has declined 10.7% year-to-date, while the S&P 500 has advanced 16.5% [2] - The energy sector has also shown weakness, with the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) falling 1.3% over the last 52 weeks and 3.6% in 2025 [3] Recent Developments - On October 23, ConocoPhillips saw a gain of over 2% as energy stocks rallied, coinciding with a more than 5% increase in WTI crude oil prices [4] - For fiscal 2025, consensus estimates predict an EPS of $6.25, indicating a 19.8% year-over-year decline. However, the company has consistently exceeded earnings expectations in the past four quarters [4] Analyst Ratings - Among 28 analysts covering COP stock, the consensus rating is a "Moderate Buy," with 17 "Strong Buy" ratings, five "Moderate Buys," and six "Holds" [5] - UBS analyst Josh Silverstein reaffirmed a "Buy" rating on ConocoPhillips with a price target of $122, while the mean price target of $112.65 suggests a 27.2% premium to current price levels. The highest price target of $130 indicates a potential upside of 46.8% [6]