Is Wall Street Bullish or Bearish on ConocoPhillips Stock?

Company Overview - ConocoPhillips (COP) has a market capitalization of $128.8 billion and is involved in the exploration, production, transportation, and marketing of crude oil, natural gas, LNG, and natural gas liquids, with operations across multiple regions and a diverse asset portfolio [1] Stock Performance - Over the past 52 weeks, COP shares have increased nearly 3%, underperforming the S&P 500 Index, which has risen 15%. However, on a year-to-date basis, COP shares are up 8.7%, outperforming the S&P 500's 1.5% gain [2] - Compared to the State Street Energy Select Sector SPDR ETF (XLE), which increased by 14.8% over the same period, COP shares have also lagged [3] Earnings and Financial Performance - On November 6, COP shares fell 2.3% due to weaker year-over-year earnings, with Q3 2025 adjusted EPS dropping to $1.61 from $1.78 in Q3 2024. The total average realized price fell 14% year-over-year to $46.44 per BOE, reflecting lower commodity prices impacting profitability despite a 4% increase in production to 2,399 MBOED [6] - For the fiscal year ending December 2025, analysts project a 20.2% year-over-year decline in adjusted EPS to $6.22. Despite this, the company has a strong earnings surprise history, having beaten consensus estimates in the last four quarters [7] Analyst Ratings and Price Targets - Among 28 analysts covering COP, the consensus rating is a "Moderate Buy," consisting of 17 "Strong Buy" ratings, four "Moderate Buy," six "Holds," and one "Moderate Sell" [7] - Susquehanna raised its price target on COP to $115, maintaining a "Positive" rating. The mean price target of $113.37 indicates an 11.9% premium to current price levels, while the highest price target of $132 suggests a potential upside of 30.3% [8]