ConocoPhillips (COP) Price Target Raised by $4 at Morgan Stanley

ConocoPhillips (NYSE:COP) is included among the 12 Best LNG Stocks to Buy in 2026.

ConocoPhillips (COP) Price Target Raised by $4 at Morgan Stanley

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 May 22, Morgan Stanley boosted its price target on ConocoPhillips (NYSE:COP) from $149 to $153, while maintaining an ‘Overweight’ rating on the shares. The revised target reflects an upside of 27% from the current price level.

ConocoPhillips (NYSE:COP) exceeded profit estimates in its Q1 results posted last month. However, the company lowered its full-year 2026 production guidance to ​2.295-2.325  MMBOED, down from its prior forecast of 2.33-2.36 MMBOED. The energy giant attributed this change to “the full exclusion of Qatar production from guidance for the quarter, the Surmont royalty rate adjustment, and planned second quarter maintenance”.

ConocoPhillips is a partner in ​QatarEnergy’s LNG export plant that was struck by Iranian missiles during the war, and repairs on the facility are expected to take three to five years.

ConocoPhillips (NYSE:COP) boasts a steady dividend growth history and an impressive annual yield of 2.74%, putting it among the 14 Best Dividend Stocks to Buy for Steady Growth.

While we acknowledge the risk and potential of COP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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