Susquehanna Raises ConocoPhillips (COP) Price Target to $175
Key Points
- Susquehanna maintained its Positive rating on ConocoPhillips on October 20, 2026, while lifting its price target from $161.00 to $175.00.
- Susquehanna's $175 price target implies 20.48% upside from ConocoPhillips's ($COP) current $145.25 share price.
- ConocoPhillips recently traded around $145.25, after closing at $145.24 on October 19, 2026, with trailing twelve-month earnings of $7.55 per share and revenue reaching $64.46 billion.
- The energy company pays an annual dividend of $3.36 per share, providing a dividend yield of 2.31% based on a payout ratio of 43.7%.
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On October 20, 2026, Susquehanna maintained its Positive rating on ConocoPhillips (NYSE: COP) and raised its price target from $161.00 to $175.00. The research note outlines a forward-looking view on the oil and gas producer as Wall Street updates its outlooks for the energy sector.
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Susquehanna's Call on ConocoPhillips
In its research note published on October 20, 2026, Susquehanna maintained a Positive rating on ConocoPhillips while increasing its target price to $175.00 from $161.00. The adjustment places the target well above the stock's recent levels, pointing to room for potential gains according to the firm's analysis.
Other Institutional Activity in ConocoPhillips
Large investment firms continue to adjust their holdings in ConocoPhillips. Capital International Investors trimmed its position by 2.21 million shares to end with 28.9 million shares valued at about $4.20 billion in its report for the quarter ended June 30, 2026. Meanwhile, Traphagen Investment Advisors grew its holdings by 1,814 shares, ending with 1,814 shares worth about $226,993 on October 14, 2026. Euro Pacific Asset Management picked up a position of 1,587 shares valued at about $210,262 on October 13, 2026.
ConocoPhillips Stock Down 0.9%
ConocoPhillips shares recently traded around $145.25, sitting slightly below the 52-week high of $146.70 reached earlier. The stock closed at $145.24 on October 19, 2026. Shares trade above both their 50-day moving average of $132.32 and their 200-day moving average of $118.99. The company has a market capitalization of $176.95 billion and a P/E ratio of 19.24.
$COP price target
ConocoPhillips daily closes and this analyst's $175 target. Not advice.
Recent Earnings
For its trailing twelve-month period, ConocoPhillips reported revenue of $64.46 billion and earnings of $7.55 per share. The company posted a net profit margin of 14.4% and a return on equity of 14.2%. Revenue grew 35.5% compared to the same period a year earlier. The company's next quarterly earnings report is scheduled for release on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 13.2%. Revenue beat estimates by 1.6%.
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Profit surprise
EBITDA missed by 2 percent. Operating income beat by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 16.7 points. Operating margin down 4.6 points. Positive free cash flow.
Earnings Call Summary
ConocoPhillips delivered strong first quarter results with 1.89 dollars of earnings per share and 5.4 billion dollars of free cash flow, beating expectations. The company returned 2 billion dollars to shareholders. Willow construction in Alaska is 50 percent complete with key milestones achieved. The Middle East conflict has taken about 10 million barrels per day of global production offline, with Qatar being their main impact at about 80 thousand barrels per day. The company remains committed to its long-term strategy and is adding modest Permian activity to maintain operational efficiency.
Guidance The company lowered production guidance for the full year by 35 thousand barrels per day because of the Middle East conflict taking Qatar offline. Operating costs stay at 10.2 billion dollars, down 400 million from last year. Capital spending goes up slightly to 12 to 12.5 billion dollars to add Permian drilling and maintain efficiency. The company expects free cash flow to be up significantly from higher oil and liquefied natural gas prices since it is not hedged.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
ConocoPhillips pays an annual dividend of $3.36 per share, which translates to a dividend yield of 2.31%. The company's dividend payout ratio sits at 43.7%, meaning it distributes less than half of its earnings to shareholders.
Insider Buying and Selling at ConocoPhillips
Company insiders have completed several stock transactions over recent months. General Counsel Kelly Brunetti Rose sold 7,700 shares at an average price of $130.03 for a total value of $1,001,212 on March 24, 2026, and later sold 15,000 shares at $134.52 for $2,017,725 on August 20, 2026. Chief Executive Officer Ryan Michael Lance sold 113,221 shares at $132.71 for $15,025,389 on March 31, 2026. Director Sharmila Mulligan sold 1,974 shares at $119.00 for $234,906 on June 10, 2026.
Analysts Set New Price Targets
Wall Street firms have kept a generally upbeat view on ConocoPhillips. UBS maintained a Buy rating and lifted its price target from $153.00 to $169.00 on September 14, 2026. Jefferies maintained a Buy rating and raised its target from $159.00 to $174.00 on October 7, 2026. Truist Securities maintained a Hold rating and raised its target from $130.00 to $136.00 on the same day. Morgan Stanley maintained an Overweight rating and bumped its target from $151.00 to $159.00 on October 15, 2026. Across the wider analyst community, the stock holds a consensus buy rating with a mean price target of $149.23 based on 26 analyst opinions.
About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips is an independent energy company focused on exploring, producing, transporting, and marketing crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. The firm operates across five main geographic segments, covering operations in Alaska, the Lower 48 states, Canada, Europe, the Middle East, North Africa, and the Asia-Pacific region.
Bottom Line
Susquehanna's updated target reflects growing optimism among certain research shops as the company approaches its next earnings announcement on November 5, 2026. Investors will watch to see if upcoming financial results align with the higher expectations set by analysts across the sector.
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Source: Susquehanna's rating change on $COP (Oct 20, 2026). Written by software, not financial advice. How we make alerts