ConocoPhillips screens attractively valued at a forward P/E of 12.2x with 14.5% upside to the analyst target and a risk/reward of approximately 3.4-to-1 in favor of the long side, but negative price momentum — with volume distributing and momentum below the required threshold — blocks entry until the trend recovers.
Thesis pillars
- Revenue Contraction Growth Weakness→Stable
- Attractive Valuation Material Upside↑Improving
- Negative Momentum Volume Distribution↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 17, 2026· older than 90 days
ConocoPhillips (COP) Stock Analysis
Range Bound setup
Energy · Oil & Gas E&P
Hold if already holding. Not a fresh buy at $144.40, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company's... Read more
Hold if already holding. Not a fresh buy at $144.40, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: RSI 53 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.5/10, high confidence.
Passes 5/8 gates (clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 1d<=7d. Suitability: moderate.
Recent developments
updated Nov 2, 2026Recent Developments — ConocoPhillips
Latest news
- NEWS ConocoPhillips Stock (COP) Moved Down by 3.28% on Nov 2: A Full Analysis - TradingKey — TradingKey Nov 2, 2026 negative
- NEWS Unpacking Q2 earnings: ConocoPhillips (NYSE:COP) in the context of other diversified upstream E&P stocks - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS ConocoPhillips (COP) Just Reclaimed the 50-Day Moving Average - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS ConocoPhillips (COP) Stock Forecast and Price Target 2026 $COP - MarketBeat — MarketBeat Oct 28, 2026 neutral
- NEWS ConocoPhillips (NYSE:COP) Stock Forecast & Analyst Predictions - Simply Wall St — Simply Wall St Oct 28, 2026 neutral
Latest item Nov 2, 2026 · Generated 2026-11-04T11:29:28Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicproduction outside the U.S.29%10-K Item 1A: 'Approximately 29 percent of our hydrocarbon production was derived from production outside the U.S. in 2025'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $144.40, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: RSI 53 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Analyst target $136.40 reached (−5.5%), stop $136.48 (−5.8%), A.R:R -0.5:1. Score 6.5/10, high confidence.
Analyst target $136.40 reached (−5.5% from $144.40); no take-profit level is published. Analyst target $136.40 reached (−5.5%), stop $136.48 (−5.8%), A.R:R -0.5:1. Stop-loss: $136.48.
Analyst target reached - limited upside remaining.
ConocoPhillips trades at a P/E of 19.1 (forward 13.2). TrendMatrix value score: 6.9/10. Verdict: Hold.
35 analysts rate COP, with a consensus score of 3.9/5. 27 analysts publish price targets averaging $152.
What does ConocoPhillips do?ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas...
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. It serves in the United States, Canada, China, Equatorial Guinea, Libya, Malaysia, Norway, Singapore, the United Kingdom, and internationally. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.