ConocoPhillips, US20825C1045

Jefferies raises target for ConocoPhillips stock from USD 159 to USD 174

Published on 10/07/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter earnings reached USD 3.24 per share. ConocoPhillips stock costs EUR 116.82 on October 7, 2026 after EUR 115.24, plus 1.37 percent.

Aquarellmalerei der Houston-Skyline bei Sonnenuntergang mit Fluss im Vordergrund — ConocoPhillips Hauptsitz in Houston als Aquarellgemälde mit warmer Abenddämmerung über dem Bayou, US20825C1045, Illustration mit AI erstellt.

ConocoPhillips (ISIN US20825C1045) stock was at EUR 116.82 at Lang & Schwarz on October 7, 2026 at 3:17 p.m. CEST, up 1.37 percent from the EUR 115.24 prior close. The latest analyst action came from Jefferies, which raised its price target from USD 159.00 to USD 174.00 while keeping a Buy rating, as Markets Insider reported on October 6, 2026.

Jefferies lifts the valuation bar

The USD 15.00 increase puts the new target 9.43 percent above the old target, giving investors a clear measure of how the analyst view changed. Jefferies cited ConocoPhillips' active acquisitions and divestitures program and said shareholder returns could improve after price revisions, according to Markets Insider on October 6, 2026.

RBC Capital also reiterated an Outperform rating with a USD 152.00 target ahead of the third-quarter 2026 earnings call, according to Investing.com on October 6, 2026.

Second-quarter results set the baseline

ConocoPhillips reported adjusted earnings of USD 3.24 per share and revenue of USD 18.64 billion for the second quarter of 2026. Adjusted earnings exceeded the USD 2.85 consensus estimate, while revenue came in below the USD 18.69 billion forecast, according to Investing.com.

Production reached 2.248 million barrels of oil equivalent per day in the second quarter, exceeding the high end of guidance, while free cash flow totaled USD 4.20 billion. The combination of higher earnings and strong production explains why the upcoming results call matters for the valuation debate, even as revenue missed the forecast.

Third-quarter date is set

ConocoPhillips said it will hold its third-quarter earnings conference call on November 5, 2026, according to the company's investor-relations page dated September 24, 2026. The company operates across oil, natural gas, liquefied natural gas and natural gas liquids, with five operating segments and activities in 15 countries, according to Stock Analysis.

At the NYSE, ConocoPhillips was quoted at USD 129.35 on October 6, 2026, with the company site showing the listing and time stamp at 4:10 p.m. EDT. Its market capitalization was USD 157.6 billion, and the 52-week range was USD 85.57 to USD 141.62 on the latest finance quote.

Stock keeps a measured setup

ConocoPhillips stock stood at EUR 116.82 at Lang & Schwarz on October 7, 2026 at 3:17 p.m. CEST, plus 1.37 percent versus the EUR 115.24 prior close. The further course of trading is shown by the continuously updated real-time quote of ConocoPhillips stock.