FY2026 EPS Estimates for ConocoPhillips Raised by Scotiabank

Key Points

• Scotiabank sharply raised its FY2026 EPS estimate for ConocoPhillips to $9.35 (from $2.65) and set a $125 price target with a "Sector Perform" rating; it also projects FY2027 EPS of $7.85 versus a current consensus of $7.30.
• Other brokers have lifted targets and ratings (e.g., Piper Sandler, Sanford C. Bernstein, RBC), leaving the stock with an average analyst rating of "Moderate Buy" and an average price target of $132.44.
• Near-term risks include a recent quarterly EPS and revenue miss and heavy insider selling (734,891 shares worth ~$93.3M over three months), though the company pays a $3.36 annualized dividend (≈2.8% yield).

ConocoPhillips (NYSE:COP - Free Report) - Equities researchers at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of ConocoPhillips in a report released on Thursday, April 23rd. Scotiabank analyst B. Zhang now anticipates that the energy producer will post earnings of $9.35 per share for the year, up from their previous forecast of $2.65. Scotiabank currently has a "Sector Perform" rating and a $125.00 price target on the stock. The consensus estimate for ConocoPhillips' current full-year earnings is $7.30 per share. Scotiabank also issued estimates for ConocoPhillips' FY2027 earnings at $7.85 EPS.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). The business had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 earnings per share.

Several other brokerages also recently weighed in on COP. Piper Sandler boosted their price target on ConocoPhillips from $154.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th. Sanford C. Bernstein boosted their price target on ConocoPhillips from $98.00 to $121.00 and gave the company an "outperform" rating in a report on Monday, April 13th. Royal Bank Of Canada boosted their price target on ConocoPhillips from $118.00 to $152.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. Truist Financial started coverage on ConocoPhillips in a report on Tuesday, March 24th. They issued a "hold" rating and a $124.00 price target for the company. Finally, Zacks Research upgraded ConocoPhillips from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $132.44.

ConocoPhillips Trading Up 0.0%

Shares of COP opened at $121.82 on Tuesday. The stock has a fifty day moving average of $121.22 and a two-hundred day moving average of $103.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30. The company has a market capitalization of $148.48 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.33 and a beta of 0.19. ConocoPhillips has a fifty-two week low of $84.28 and a fifty-two week high of $135.87.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. ConocoPhillips's payout ratio is currently 53.00%.

Insider Activity at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 113,221 shares of the business's stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares of the company's stock, valued at $46,448,500. The trade was a 24.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Heather G. Hrap sold 2,654 shares of the business's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $317,630.72. Following the sale, the senior vice president directly owned 5,663 shares of the company's stock, valued at $677,747.84. This represents a 31.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is owned by corporate insiders.

Institutional Trading of ConocoPhillips

Institutional investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $25,000. Cloud Capital Management LLC purchased a new stake in ConocoPhillips during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in ConocoPhillips during the 3rd quarter worth $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips during the 4th quarter worth $28,000. Finally, Strive Asset Management LLC purchased a new stake in ConocoPhillips during the 3rd quarter worth $28,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Scotiabank sharply raised its EPS forecasts — now forecasting FY2026 EPS of $9.35 and FY2027 EPS of $7.85 (up from much lower prior estimates) and noted COP in a Sector Perform note; higher earnings outlooks can support valuation revisions and investor sentiment.
• Positive Sentiment: Raymond James raised its price target to $145 and kept an Outperform rating, implying ~19% upside vs. recent levels; this institutional buy-side signal can attract momentum buyers. Raymond James PT Raise
• Positive Sentiment: Goldman analyst Neil Mehta highlighted the Willow project as a meaningful profitability driver for ConocoPhillips, reinforcing the company's long‑term upstream cash‑flow potential and rationale for premium valuation. MSN: Goldman on Willow
• Neutral Sentiment: Shell's $13.6B acquisition of ARC Resources underscores M&A activity in Canada and broader industry consolidation; this is sector‑level context that could compress or expand valuations industry‑wide but is not a direct COP-specific event. Bloomberg/Yahoo: Shell-ARC deal
• Neutral Sentiment: Coverage pieces highlighting dividend/ income names ahead of earnings (CNBC, 247WallSt.) can boost flows into large, cash-generative energy names like COP, but these are thematic and not guaranteed to move the stock materially. CNBC dividend picks 247WallSt
• Neutral Sentiment: Industry coverage of peers (e.g., Delek Q1 preview) is peripheral but can influence sentiment toward refining/energy groups; treat as background. Delek Q1 preview
• Negative Sentiment: A Seeking Alpha piece argues ConocoPhillips is a defensive oil‑sector holding unlikely to outperform the market—this type of critique can temper momentum among growth‑seeking investors. Seeking Alpha analysis

ConocoPhillips Company Profile

ConocoPhillips NYSE: COP is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company's activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.

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