ConocoPhillips, US20825C1045

ConocoPhillips stock gains 1.21 percent as Jefferies lifts target

Published on 10/07/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ConocoPhillips stock carries a USD 174 Jefferies target from October 6, 2026. Second-quarter revenue reached USD 19.52 billion and EPS was USD 3.24.

Bauhaus-Poster mit geometrischen Formen, Ölturm und Text ENERGY NYSE — ConocoPhillips Bauhaus Poster mit geometrischen Formen, Sektor Text ENERGY und NYSE, ISIN US20825C1045, Illustration mit AI erstellt.

ConocoPhillips stock was trading at USD 130.91 on the NYSE on October 7, 2026, up 1.21 percent from the prior close of USD 129.35. The move follows a fresh analyst target increase and keeps the oil and gas producer near the upper half of its 52-week range.

Jefferies raises its target

According to Markets Insider on October 6, 2026, Jefferies lifted its ConocoPhillips price target from USD 159 to USD 174 while keeping a Buy rating. The analyst cited the company's asset sales activity and potential for higher shareholder returns after price revisions.

The target is USD 43.09, or 32.92 percent, above the October 7 price of USD 130.91. That spread is larger than the stock's same-day move, so the market is weighing the target increase against the timing of future cash returns.

Quarterly figures beat estimates

MarketBeat reported on October 3, 2026, that ConocoPhillips delivered USD 3.24 in earnings per share and USD 19.52 billion in second-quarter revenue. EPS exceeded the USD 2.90 consensus by USD 0.34, while revenue was above the USD 18.79 billion estimate by USD 0.73 billion.

The comparison with the prior-year quarter is also material: EPS rose from USD 1.42 to USD 3.24, while revenue increased 32.4 percent. For investors, the figures shift attention from the daily price change to the company's ability to convert commodity exposure into earnings and distributions.

LNG deal adds a longer horizon

Reuters reported on October 1, 2026, that ConocoPhillips agreed to purchase 1.0 million tonnes of LNG per year from Venture Global for 20 years starting in 2030. The agreement expands the company's LNG portfolio, although its direct earnings contribution belongs to a later operating period.

MarketBeat said 28 analysts cover the stock, with a Moderate Buy consensus and an average 12-month target of USD 141.24. That average target stands USD 10.33, or 7.89 percent, above the October 7 price, giving the broader analyst view a more measured upside than the Jefferies target.

Stock trades below its yearly high

ConocoPhillips was trading at USD 130.91 on the NYSE at 9:56 a.m. ET on October 7, 2026. Its 52-week range was USD 85.57 to USD 141.62, placing the price USD 10.71 below the high, while market capitalization stood at USD 159.5 billion.