DailyIQ
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Sector:EnergyAll sectors
Last updated 3 minutes ago

COP·ConocoPhillips

$.
+. (+.%)
After Hours
High
$117.64
Open
$116.62
Market Cap
142.44B
52W High
$135.87
Low
$113.95
P. Close
$117.54
P/E
19.45
52W Low
$85.57
Fwd P/E
40.77
DailyIQ Est.
$146.70
Technical Score (1D)
77
BUY
News Sentiment
77
BULLISH
Susquehanna recently raised its ConocoPhillips price target to $155 from $152, signaling renewed confidence in the company’s near‑term earnings potential as oil prices climb. The upgrade reflects the brokerage’s belief that COP’s upstream operations will benefit from higher crude prices, which should lift the company’s revenue and margin outlook. This positive sentiment is likely to support the stock in the next 1–10 trading days as investors seek exposure to a company positioned to capture upside from a tightening supply environment. ConocoPhillips’ recent announcement that it will acquire a 42% stake in BP’s ECKL and jointly invest $25 billion in four Iraqi oil fields further underpins the upside narrative. The Iraq project could add significant production capacity, but its progress hinges on regulatory approvals and political stability in the region, adding a layer of risk that could temper enthusiasm. Traders should monitor the upcoming earnings release for any confirmation of improved margins and production growth that would validate the upgraded target. Additionally, watch for any regulatory updates on the Iraq partnership, as delays or policy shifts could alter the project’s timeline and cost profile. Finally, keep an eye on broader oil market dynamics, as changes in supply‑demand balance or geopolitical developments could influence COP’s ability to capitalize on the price target upgrade.
Earnings Summary
ConocoPhillips is a global energy producer focused on the exploration, production, and marketing of crude oil, natural gas, and related products, operating across six geographic segments including North America, Europe, Asia, and the Middle East, and leveraging a diversified portfolio of conventional and unconventional assets to meet worldwide energy demand. In the most recent quarters, the company posted EPS of $1.98 in Q4 2024, beating the $1.83 estimate, and $2.09 in Q1 2025, again surpassing the $2.05 forecast; Q2 2025 EPS rose to $1.42 from $1.36, and Q3 2025 EPS climbed to $1.61 from $1.41, all beating expectations, while Q4 2025 EPS fell to $1.02 below the $1.12 estimate, marking the only miss in the last six quarters. Revenue trends show a 15% increase from $14.74 B in Q4 2024 to $17.10 B in Q1 2025, followed by a 13% decline to $14.74 B in Q2 2025, a modest 5.8% rebound to $15.52 B in Q3 2025, and a 3.3% rise to $16.05 B in Q1 2026, indicating a volatile but generally upward trajectory; EPS has consistently beaten estimates except for Q4 2025, underscoring a pattern of strong earnings performance amid revenue swings. The latest news reports that ConocoPhillips will acquire a 42% stake in BP’s Kirkuk oil fields, adding more than 3 billion barrels of recoverable resources and potentially boosting its upstream footprint and margin outlook; the deal’s timing, regulatory approvals, and production ramp‑up are highlighted as key short‑term catalysts, with the company’s August 6, 2026 earnings guidance projecting an EPS of $2.96 and revenue of $17.59 B, a 19% YoY increase that investors will scrutinize for alignment with the Iraq acquisition’s impact. Investors should watch for the formal signing of the JV, the timeline for production ramp‑up, any revisions to the Q2 2026 earnings forecast, and regulatory developments that could influence the integration of the new assets, as these factors will shape the company’s near‑term earnings trajectory.

EPS

EstBeatMiss
$0.74$1.34$1.94$2.54$3.14Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$2.86 - -
Q1'26$1.71$1.89+10.8%
Q4'25$1.12$1.02-9.1%
Q3'25$1.41$1.61+14.1%
Q2'25$1.36$1.42+4.7%
Q1'25$2.05$2.09+2.0%

Revenue

EstBeatMiss
$13.6B$15.2B$16.7B$18.2B$19.8BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$19.0B - -
Q1'26$16.2B$16.1B-0.8%
Q4'25$14.3B - -
Q3'25 - $15.5B -
Q2'25 - $14.7B -
Q1'25 - $17.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

COP Stock Snapshot

COP is currently trading at $116.65, giving ConocoPhillips a market cap of 142.44B and a P/E ratio of 19.4. Today's range spans $113.95–$117.64, with shares opening at $116.62 and moving down $0.89 (0.8%) from the prior close. DailyIQ's technical score sits at 77/100 (BUY) with a news sentiment reading of 77/100.

Over the past year COP has traded between $85.57 and $135.87 - the current price is +36.3% off the 52-week low and -14.1% from the high. 33 analysts cover the stock with a Buy consensus and a mean 12-month target of $141.00 (range $115.00–$183.00), implying upside of +20.9%.

The breakout geometry on COP is constructive - price at $116.65 (in the middle of its 52-week range in $85.57–$135.87), scoring 77/100 (BUY) with bullish sentiment (77/100). (P/E: 19.4) At 142.44B in Energy market cap, technical breakouts through prior resistance at this capitalization tier tend to be better validated than in smaller-cap peers - institutional participation means that cleared levels attract follow-through buying rather than immediate fade behavior.

What makes COP's BUY setup (77/100) particularly actionable at 142.44B in Energy capitalization is the scale-to-move ratio: large enough to feature on institutional mandates but not so large that the percentage upside is already compressed by index inertia. At $116.65 (in the middle of its 52-week range in $85.57–$135.87), with sentiment running bullish at 77/100, the setup rewards conviction-sized positioning more than it does speculative small bets.