ConocoPhillips upgraded by Roth Capital, analyst consensus stays robust
23.06.2026 - 17:46:05 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 17:45.
ConocoPhillips (US20825C1045) has received an upgrade from Roth Capital Partners, which now recommends the NYSE-listed S&P 500 constituent as a Buy and has lifted its price target to 130 US dollars. The move comes against a backdrop of a broadly positive analyst stance on the upstream oil and gas group.
What Roth Capital changed
According to MarketScreener, Roth Capital Partners upgraded ConocoPhillips shares from Neutral to Buy and raised the price target from 124 to 130 US dollars on June 22, 2026. The analyst action adds a fresh positive signal to a stock that has already delivered a marked double-digit performance year to date.
The upgrade follows a period in which ConocoPhillips shares have given back some of their recent gains, with the euro-denominated listing at Frankfurt reported at around 95.50 euros in morning Xetra-related trade on June 23, reflecting a roughly 0.09 percent decline over 24 hours. On a 30-day view since May 24, 2026, the shares have slipped about 8.23 percent, while remaining up 18.79 percent for the year. This mixed short-term picture offers context for Roth Capital’s more constructive stance.
Analyst consensus on the stock
Data compiled by wallstreet-online show a robust analyst consensus for ConocoPhillips, with 49 percent of analysts surveyed assigning a Strong Buy rating, 19 percent a Buy, and 34 percent a Hold, resulting in an average score of 4.15 out of 5 points. This distribution underlines that a clear majority of the covering houses see upside potential in the stock despite recent volatility.
In sector terms, ConocoPhillips sits among large independent upstream producers and is frequently compared with peers such as EOG Resources and Occidental Petroleum in U.S. energy research. The company’s focus on exploration and production rather than refining places it firmly in the upstream segment, which typically shows a higher sensitivity to oil and gas price swings than integrated majors like ExxonMobil or Chevron. For investors following analyst calls, the combination of Roth Capital’s upgrade and the Strong Buy-heavy consensus provides a concrete snapshot of current sentiment.
All news and analysis on the ConocoPhillips shares
Further corporate releases, price data and analyst updates on ConocoPhillips can be found in the dedicated topic channel and on the company’s investor relations page.
The business behind the stock
ConocoPhillips generates its cash flow primarily from hydrocarbon exploration and production activities across key regions including the Permian Basin in the United States, the North Sea, and parts of the Middle East. As an upstream-focused company, it does not operate its own large-scale refineries or retail fuel networks, concentrating instead on finding, developing and producing crude oil, natural gas and natural gas liquids.
The group’s portfolio typically spans conventional and unconventional resources, with investments in shale plays and offshore fields that aim to balance short-cycle and long-cycle projects. Revenue is largely driven by realized prices for oil and gas, production volumes and the efficiency of field development, while capital allocation decisions between new projects, dividends and share repurchases tend to be central elements in investor analysis.
Where the shares trade today
ConocoPhillips shares (US20825C1045) last traded at around 109.46 US dollars on the NYSE as of June 23, 2026, 08:30 Eastern Time, according to financialdata.net. This level implies a market capitalization of roughly 133.66 billion US dollars based on recent price and share count data.
Key data on the ConocoPhillips shares
- Company: ConocoPhillips Company
- ISIN: US20825C1045
- WKN: 575302
- Ticker: COP
- Trading venue: NYSE
- Price (as of 2026-06-23, 08:30): 109.46 US dollars
- Market cap: 133.66 billion US dollars (as of 2026-06-22)
- Sector / industry: Energy - Oil & Gas Exploration & Production
- Index membership: S&P 500
- Next earnings date: not officially scheduled
This article provides a factual overview of recent analyst actions and publicly available data on ConocoPhillips and does not constitute investment advice or a recommendation to buy or sell securities.
