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Stock impact report

ConocoPhillips (COP) Price Target Lowered by $6 [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. On January 8, Piper Sandler analyst Ryan Todd reduced the firm's price target on ConocoPhillips (NYSE:COP) from $115 to $109, but maintained an ‘Overweight' rating on the shares. The lowered target still indicates an upside of almost 12% from the current share price. As we enter 2026, the analyst believes that the crude oil outlook still looks bearish, making it difficult for the sector to outperform the wider market. However, Piper Sandler believes that the oil refining market looks even better than last year, driven by what it expects to be incrementally tighter S/D and crude differential tailwinds. ConocoPhillips (NYSE:COP) stands to gain from the recent American action in Venezuela as it is already owed billions by the South American country's government, which seized the company's assets without compensation when then-President Hugo Show less Read more
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