Barclays Remains Bullish on ConocoPhillips (COP) With a $120 Price Target

ConocoPhillips (NYSE:COP) is one of the 10 Cheap Large Cap Stocks to Buy According to Hedge Funds. On July 8, Barclays analyst Betty Jiang maintained a Buy rating on ConocoPhillips (NYSE:COP) and set a price target of $120.00.

Jim Cramer Says ConocoPhillips (COP) is the “Best of the Lot These Days”

An underground network of pipelines transporting oil through an expansive terrain.

ConocoPhillips reported $2.8 billion in fiscal Q1 2025 earnings, translating to around $2.23 per share and up when compared to the $2.6 billion reported in the same period last year.

Adjusted earnings for the quarter also experienced growth, increasing from $2.4 billion in fiscal Q1 2024 to $2.7 billion in fiscal Q1 2025.

ConocoPhillips is an exploration and production company that explores, transports, produces, and markets natural gas, crude oil, and bitumen. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East, and North Africa, Asia Pacific, and Other International.

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This article is originally published at Insider Monkey.