Susquehanna Maintains a Buy Rating on ConocoPhillips (COP)

ConocoPhillips (NYSE:COP) is one of the best long term low volatility stocks to buy right now. Susquehanna maintained a Buy rating on ConocoPhillips (NYSE:COP) on October 20 with a $110 price target, telling investors that it is updating its price targets and estimates before the Q3 earnings for its E&P coverage. The firm stated that it is reducing its Q4 WTI price assumption to $62.50 per barrel, and is maintaining its 2026 assumption at $65 per barrel.

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

Furthermore, ConocoPhillips (NYSE:COP) was initiated with an Equal Weight rating by Wells Fargo analyst Sam Margolin on October 16. Wells Fargo initiated coverage on the global integrated oil, refiners, and Canadian majors group, reasoning that “everyone is bearish” on oil and energy, and it is creating opportunities.

The firm is choosing stocks on the basis of return of capital direction, stating that while demand indicators are soft, US onshore activity trends are reflecting a supply counter-balance. Wells Fargo believes that relative performance in the sector is driven by return of capital direction.

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.