ConocoPhillips (NYSE:COP) is included among the 11 Best Energy Stocks to Buy for Dividends in 2026.
ConocoPhillips is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.
On January 20, JPMorgan analyst Arun Jayaram downgraded ConocoPhillips from ‘Overweight’ to ‘Neutral’, while keeping the firm’s price target on the stock unchanged at $98. The downgrade comes as JPM revised its ratings in the integrated oils sector as part of its 2026 outlook. The analyst thinks COP trades at a premium FCF/EV yields compared to its Big Oil peers in 2026-27, but still views the energy giant as a long-term core holding primarily due to its portfolio strength, inventory durability, and shareholder-friendly cash return framework.
Similarly, on January 16, BofA also downgraded ConocoPhillips from ‘Neutral’ to ‘Underperform’, while assigning the stock a price target of $102. The analyst highlighted that the company’s oil breakeven point of $53 per barrel and free cash flow yield of 4.4% are ‘uncompetitive’ within the E&P group.
ConocoPhillips was recently included among the 10 High Yield Crude Oil Stocks to Buy After Trump’s Blitz in Venezuela.
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