Jefferies raises target to USD 174 for ConocoPhillips stock
Published on 10/26/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst and LNG developments
- Jefferies raised its ConocoPhillips target from USD 159.00 to USD 174.00 on October 6, 2026.
- ConocoPhillips will buy 1.0 million tonnes of LNG annually for 20 years from 2030.
- ConocoPhillips stock trades at EUR 132.97 at 10:41 a.m. CEST at Lang & Schwarz on October 26, 2026.
ConocoPhillips stock (ISIN US20825C1045) was trading at EUR 132.97 at Lang & Schwarz on October 26, 2026, at 10:41 a.m. CEST. MarketBeat reported that Jefferies raised its ConocoPhillips price target from USD 159.00 to USD 174.00 on October 6, 2026, while maintaining a Buy rating.
Target rises as LNG expands
The analyst move followed a month of new LNG and portfolio developments. On October 1, 2026, ConocoPhillips agreed to buy 1.0 million tonnes per annum of LNG from Venture Global for 20 years beginning in 2030, according to Venture Global. The companies did not disclose financial terms.
The contract adds a long-dated supply commitment to ConocoPhillips' existing LNG portfolio. For investors, the key distinction is duration: deliveries start in 2030 and run for two decades, giving the agreement a longer planning horizon than a spot-market transaction.
Three dated developments
On August 6, 2026, ConocoPhillips reported second-quarter revenue of USD 19.52 billion and earnings per share of USD 3.24, compared with consensus revenue of USD 18.79 billion and earnings per share of USD 2.90, according to MarketBeat. On October 1, 2026, it signed the 20-year Venture Global LNG agreement for 1.0 million tonnes annually. On October 6, 2026, Jefferies lifted its target from USD 159.00 to USD 174.00.
What comes next for earnings?
The next scheduled company date is November 5, 2026, when ConocoPhillips will hold its third-quarter earnings conference call, according to the company's website. That report will give investors a fresh test of the second-quarter revenue growth and the outlook for production and cash returns.
Price stays below the yearly high
ConocoPhillips also closed at USD 150.80 on the NYSE on October 23, 2026, according to the company's website. MarketBeat listed a 52-week NYSE range of USD 85.57 to USD 152.77 and a market capitalization of USD 181.3 billion in its October 25, 2026 report. The stock therefore remained near the upper end of its reported yearly range, while the current German-market indication was lower in euro terms.
ConocoPhillips stock was trading at EUR 132.97 at Lang & Schwarz on October 26, 2026, at 10:41 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ConocoPhillips stock.
ConocoPhillips stock facts
- Company: ConocoPhillips
- ISIN: US20825C1045
- Ticker: COP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 10:41 a.m. CEST): EUR 132.97
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Market capitalization: USD 181.3 billion (as of October 25, 2026)
- 52-week range: USD 85.57-152.77 (as of October 25, 2026)
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
