RBC Capital Maintains a Buy on ConocoPhillips (COP), Sets a $113 PT

ConocoPhillips (NYSE:COP) is one of the best stocks to invest in for the long term. In a report released on August 13, Scott Hanold from RBC Capital maintained a Buy rating on ConocoPhillips (NYSE:COP) and set a price target of $113.00.

Why ConocoPhillips (COP) is One of the Most Resilient Safe Dividend Stocks in Oil & Gas

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

ConocoPhillips (NYSE:COP) reported its fiscal Q2 2025 earnings on August 7, with earnings per share for the quarter reaching $1.56 and adjusted earnings per share of $1.42.

Generated cash provided by operating activities was $3.5 billion, while cash from operations (CFO) in Q2 reached $4.7 billion. ConocoPhillips (NYSE:COP) also declared a Q3 ordinary dividend of $0.78 per share.

ConocoPhillips (NYSE:COP) 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, the Middle East, and North Africa, Asia Pacific, and Other International.

While we acknowledge the potential of COP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than COP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.