COP trades 15.2% below Wall Street's consensus target of $157.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes COP achieves its forward estimates and maintains a stable P/E multiple of 11.9x. This scenario reflects the blended consensus of 52 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, ConocoPhillips (COP) has a Wall Street consensus price target of $157.00, based on estimates from 52 covering analysts. With the stock currently trading at $136.27, this represents a potential upside of +15.2%. The company has a market capitalization of $166.02B.
Analyst price targets range from a low of $130.00 to a high of $189.00, representing a 38% spread in expectations. The median target of $157.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 39 analysts rating the stock as a Buy or Strong Buy,10 rating it Hold, and 3 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, COP trades at a trailing P/E of 21.5x and forward P/E of 11.9x. Analysts expect EPS to grow +50.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $199.15, with bear and bull scenarios of $125.46 and $262.40 respectively. Model confidence stands at 49/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EOGEOG Resources, Inc. | $78.4B | $147.13 | $165.21 | +12.3% | Buy | 8.2x | 66 |
 DVNDevon Energy Corporation | $29.6B | $42.21 | $62.93 | +49.1% | Buy | 7.6x | 64 |
 APAAPA Corporation | $15.8B | $44.63 | $47.40 | +6.2% | Hold | 6.6x | 53 |
 FANGDiamondback Energy, Inc. | $50.3B | $178.96 | $235.87 | +31.8% | Buy | 7.8x | 53 |
 OXYOccidental Petroleum Corporation | $56.1B | $56.38 | $70.46 | +25.0% | Buy | 8.2x | 52 |
 XOMExxon Mobil Corporation | $687.5B | $165.87 | $171.11 | +3.2% | Hold | 12.3x | 55 |
 CVXChevron Corporation | $423.4B | $212.61 | $218.25 | +2.7% | Buy | 11.8x | 53 |
 MURMurphy Oil Corporation | $5.2B | $35.96 | $40.40 | +12.3% | Hold | 8.7x | 36 |
 CIVICivitas Resources, Inc. | $2.3B | $27.38 | $63.42 | +131.6% | Hold | 6.8x | 16 |
 PRPermian Resources Corporation | $18.2B | $21.75 | $28.08 | +29.1% | Buy | 9.2x | 21 |
Quick answers to the most common questions about buying COP stock.
ConocoPhillips (COP) has a consensus 12-month price target of $157, implying 15.2% upside from $136.27. The 52 analysts covering COP see moderate appreciation potential.
COP has a consensus rating of "Buy" based on 52 Wall Street analysts. The rating breakdown is predominantly bullish, with 39 Buy/Strong Buy ratings. The consensus 12-month price target of $157 implies 15.2% upside from current levels.
With a forward P/E of 11.86x, COP trades at a relatively low valuation. The consensus target of $157 implies 15.2% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $189 for COP, while the most conservative target is $130. The consensus of $157 represents the median expectation. Our quantitative valuation model projects a bull case target of $262 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
COP is heavily covered by Wall Street, with 52 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 38 have Buy ratings, 10 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month COP stock forecast based on 52 Wall Street analysts shows a consensus price target of $157, with estimates ranging from $130 (bear case) to $189 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $199, with bear/bull scenarios of $125/$262.
Our quantitative valuation model calculates COP's fair value at $199 (base case), with a bear case of $125 and bull case of $262. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 49/100.
COP trades at a forward P/E ratio of 11.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on COP, with a "Buy" consensus rating and $157 price target (15.2% upside). 39 of 52 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
COP analyst price targets range from $130 to $189, a 38% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $157 consensus represents the middle ground. Our model's $125-$262 range provides an independent fundamental perspective.
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