FY2026 EPS Forecast for ConocoPhillips Reduced by Analyst

ConocoPhillips (NYSE:COP) – Investment analysts at Scotiabank lowered their FY2026 EPS estimates for shares of ConocoPhillips in a research note issued on Wednesday, February 11th. Scotiabank analyst P. Cheng now expects that the energy producer will post earnings of $2.65 per share for the year, down from their prior forecast of $2.85. The consensus estimate for ConocoPhillips’ current full-year earnings is $8.16 per share. Scotiabank also issued estimates for ConocoPhillips’ FY2027 earnings at $4.65 EPS.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. During the same period in the prior year, the business posted $1.98 earnings per share. ConocoPhillips’s revenue for the quarter was down 3.7% compared to the same quarter last year.

A number of other brokerages also recently issued reports on COP. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group reiterated a “buy” rating and issued a $130.00 price target on shares of ConocoPhillips in a research report on Monday. Johnson Rice cut shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and reduced their price objective for the stock from $108.00 to $105.00 in a research note on Friday, December 5th. Mizuho raised their price objective on shares of ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, Wolfe Research upped their target price on shares of ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.00.

ConocoPhillips Stock Performance

Shares of COP opened at $111.51 on Friday. The business has a 50-day simple moving average of $98.34 and a two-hundred day simple moving average of $94.23. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $112.07. The stock has a market cap of $137.79 billion, a price-to-earnings ratio of 17.59 and a beta of 0.32.

Hedge Funds Weigh In On ConocoPhillips

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new position in shares of ConocoPhillips during the 2nd quarter valued at approximately $25,000. Cloud Capital Management LLC purchased a new stake in ConocoPhillips during the third quarter valued at $26,000. Bogart Wealth LLC lifted its position in ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ConocoPhillips in the 3rd quarter worth $28,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of ConocoPhillips in the 4th quarter worth about $28,000. 82.36% of the stock is owned by institutional investors.

Insider Activity at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer owned 325,972 shares in the company, valued at $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be paid a $0.84 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 3.0%. ConocoPhillips’s payout ratio is presently 53.00%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips approved a $1.8 billion PPF subsea gas development in the Greater Ekofisk area — plan targets ~11 wells, 4 subsea templates and first gas by Q4 2028, supporting long‑dated production growth and infrastructure value. ConocoPhillips Greenlights Subsea Gas Development, Approves $1.8 Billion Project
• Positive Sentiment: ConocoPhillips and partners presented plans to invest roughly NOK 20 billion (~$2.1B) to restart production on three Greater Ekofisk fields by end‑2028 — a larger consortium investment signal that lowers execution risk and increases near‑term production visibility. ConocoPhillips and partners to invest $2 bln in Greater Ekofisk gas, condensate
• Neutral Sentiment: ConocoPhillips and partners formally submitted development plans for the Greater Ekofisk gas fields (reports vary ~$1.8B–$2.0B), providing regulatory clarity but still subject to approvals and timeline risk. ConocoPhillips submits development plans for Greater Ekofisk Area gas fields
• Neutral Sentiment: Industry press and investment sites are highlighting COP as a trending/closely watched stock and comparing peer moves (e.g., Chevron’s strong 2026 performance), which may drive short‑term flows but are not company‑specific catalysts. ConocoPhillips (COP) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: ConocoPhillips and other U.S. oil companies are in talks with Venezuela’s acting president about recouping past nationalization losses — potential long‑term upside if settlements occur, but timing and recovery size are uncertain. Oil Companies in ‘Active’ Talks Over Recouping Venezuela Losses
• Negative Sentiment: Scotiabank cut its FY2026 and FY2027 EPS forecasts for ConocoPhillips (FY2026 to $2.65, FY2027 to $4.65), reflecting weaker near‑term earnings expectations; analyst downgrades can pressure sentiment and cap multiple expansion. Scotiabank lowers FY2026/FY2027 EPS estimates for ConocoPhillips

About ConocoPhillips

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.