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Stock impact report

Jefferies Raises PT on ConocoPhillips (COP), Cites Higher Expected Volumes in Q1 [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
ConocoPhillips (NYSE:COP) is one of the world's largest independent E&P companies based on oil and natural gas production and proved reserves. ConocoPhillips (NYSE:COP) received a boost on April 12 when Jefferies analyst Lloyd Byrne raised the firm's price target on the stock from $129 to $160, while maintaining a ‘Buy' rating on the shares. The bumped target represents an upside of over 30% from the current levels. The move comes ahead of ConocoPhillips (NYSE:COP)'s Q1 2026 results, in which Jefferies expects the company to post higher oil volumes. Moreover, the energy giant is well-positioned to take advantage of the soaring oil prices amid the US-Iran war. Despite the ongoing ceasefire, crude oil prices are up by over 65% since the beginning of the year, providing a significant cash flow boost to producers. ConocoPhillips (NYSE:COP) is targeting production of 2.23 million – 2.26 million barrels of oil equivalent per day in 2026, with first-quarter output expected between 2.3 Show less Read more
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