Investing.com - Financial Markets Worldwide

Melius initiates ConocoPhillips stock coverage with Hold rating, $117 target

Published 20/08/2025, 12:58
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COP
2.11%

Investing.com - Melius Research initiated coverage on ConocoPhillips (NYSE:COP) with a Hold rating and a price target of $117.00 on Wednesday. According to InvestingPro data, this target aligns with broader analyst sentiment, as the stock currently maintains a "Buy" consensus with targets ranging from $100 to $137.

The research firm described ConocoPhillips as "a truly scaled independent E&P company after divesting its downstream business."

Melius noted that the energy company currently operates in 15 countries worldwide, highlighting its diverse global presence in the oil and gas sector.

The firm also pointed out that ConocoPhillips maintains a varied portfolio of assets, including conventional oil and gas, shale, LNG, and oil sands operations.

The $117.00 price target established by Melius represents the firm’s assessment of ConocoPhillips’ valuation following its analysis of the company’s diversified energy business and operational footprint.

In other recent news, ConocoPhillips reported its second-quarter earnings for 2025, exceeding expectations with an earnings per share (EPS) of $1.42, compared to the forecasted $1.38. The company’s revenue also surpassed projections, reaching $15 billion against an anticipated $14.91 billion. Piper Sandler has raised its price target for ConocoPhillips from $123 to $124, maintaining an Overweight rating, and highlighted the company’s peer-leading compound annual growth rate in free cash flow per share from 2025 to 2030. RBC Capital has reiterated its Outperform rating and $113 price target, noting an inflection point in ConocoPhillips’ organic free cash flow enhancement. The firm mentioned that the company’s major project spending is expected to decline in the third quarter of 2025, which could lead to improved cash flow generation. These developments reflect positively on ConocoPhillips’ financial performance and outlook.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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