BofA shifts energy ratings for 2026: COP cut, MGY upgraded [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Analyst Kalei Akamine revealed in a note that “for 2026, we remain cautious on the oil macro,” adding that BofA continues to favor companies with “resilient portfolios and low breakevens that fully cover capex and dividends.” The biggest change is a downgrade of ConocoPhillips, with BofA cutting COP to Underperform. Akamine cites the company's “$53 breakeven and 4.4% free-cash-flow yield,” which the bank says “screen as uncompetitive within the group.” BofA also moves Permian Resources to Neutral, following strong relative performance in 2025. At the same time, the bank upgrades Magnolia Oil & Gas, saying it is raising MGY to Buy thanks to the “strength of its low oil breakeven ($36).” The bank reiterates Buy ratings on Ovintiv, Devon, Diamondback, California Resources and Coterra, noting that “OVV is our top Oil pick,” supported by a “disciplined shift toward high-return assets in the Midland and Western Canada.” BofA also issued downgrades in gas-focused names, cutting Co
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COP
News
- ConocoPhillips (NYSE:COP) had its "underperform" rating reaffirmed by analysts at Bank of America Corporation. They now have a $102.00 price target on the stock.MarketBeat
- Trump is sending funds from Venezuela oil to a bank in Qatar: report [Yahoo! Finance]Yahoo! Finance
- Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million [MSNBC.com]MSNBC.com
- Venezuela oil fetching 30% higher price, U.S. energy chief says, after first sale worth $500 million [CNBC]CNBC
- ConocoPhillips (NYSE:COP) had its price target lowered by analysts at Capital One Financial Corporation from $112.00 to $111.00. They now have an "equal weight" rating on the stock.MarketBeat
COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 1/16/26 - Form 3/A
- 12/23/25 - Form 4
- 12/16/25 - Form 4
- COP's page on the SEC website