ConocoPhillips (COP) shares are showing positive momentum across multiple time horizons, closing at $110.52. This recent performance may present a potential entry point, as the stock is trading below the average analyst price target. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which includes COP, has delivered strong year-to-date gains, despite commodity price challenges. COP's Q4 2025 performance was impacted by lower realized prices, leading to an adjusted EPS that fell short of estimates. This highlights the impact of price volatility on producer margins.