UBS Maintains A Buy Rating On ConocoPhillips (COP)

ConocoPhillips (NYSE:COP) is among the Growth Stock Portfolio: 12 Stock Picks By Ken Fisher

UBS Maintains A Buy Rating On ConocoPhillips (COP)

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

On December 12, 2025, TheFly reported that UBS maintained a Buy rating and elevated its price goal for ConocoPhillips (NYSE:COP) from $117 to $120.

As stated by the firm, the energy sector is set for a stronger 2026 after three years of modest improvements. UBS mentioned rising prospects for oilfield services, cost and capital expenditure savings, M&A-driven value creation, improving outlooks for oil and natural gas, and compelling valuations. The firm stated that natural gas exploration and production businesses are preferred, whereas strong momentum is projected across oil E&Ps and oilfield services firms.

On the same day, Mizuho reaffirmed its Outperform rating on ConocoPhillips (NYSE:COP) shares but upgraded its price objective to $121 from $120.

Mizuho’s 2026 projection for the exploration and production group included the modification. The firm stated that sentiments toward US oil and gas companies remained negative due to concerns about oil market oversupply and high gas storage levels. Despite this context, Mizuho claimed that the group had undervalued value, especially in exploration and production, based on longer-term fundamentals that might start to materialize in 2026. The firm observed that it became more neutral on refining and recommended reallocating risk toward oil E&Ps with a selective bias for gas stocks.

ConocoPhillips (NYSE:COP) is an independent US-based exploration and production company.

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