ConocoPhillips ($COP) Stock Forecast: Up 5.4% Today

What is ConocoPhillips?

ConocoPhillips (COP) is a key player in the energy sector, engaged in global exploration, production, and distribution of oil and natural gas. Recently, the stock witnessed a significant bullish movement.

Why is ConocoPhillips going up?

COP stock is up 5.4% on Jan 14, 2026 19:40

• A gas discovery at ConocoPhillips' Charlemont-1 exploration well in Australia's Otway Basin, potentially one of the largest in the area, was a key driver behind the recent positive shift in the COP stock.
• Although technical analysis indicated a possible bearish trend on the daily chart, the encouraging gas discoveries overshadowed short-term bearish signals, boosting investor confidence in the company.
• The confirmation of a second gas discovery at Charlemont-1 reinforces ConocoPhillips' position in the region and bolsters future development plans, enhancing overall optimism towards the company.
• Valuation assessments, including Discounted Cash Flow and Price-to-Earnings ratios, suggesting that COP is undervalued, may have also attracted investors seeking an advantageous entry point, contributing to the recent bullish momentum in the stock.

COP Price Chart

COP Technical Analysis

COP News

ConocoPhillips’ Charlemont gas discovery could be one of largest in Australia’s offshore Otway Basin

ConocoPhillips' Charlemont-1 exploration well in the offshore Otway Basin, Australia, has yielded significant gas discoveries in multiple reservoir intervals, including unexpected finds in the Waarre C zone. Drilling operations were halted short of planned depth due to high formation pressures, but the presence of gas across stacked sandstone reservoirs could indicate one of the largest gas pools in the basin. ConocoPhillips operates the project with partners Korea National Oil Co. and 3D Energi.

https://www.offshore-mag.com/drilling-completion/news/55343432/3d-energi-conocophillips-charlemont-gas-discovery-could-be-one-of-largest-in-australias-offshore-otway-basin

The bearish pattern to watch on ConocoPhillips

ConocoPhillips (COP) has rallied over 13.5% since late November, but a technical analysis reveals a potentially bearish upsloping parallel channel on its daily chart. This pattern, characterized by controlled, narrowing price movement, often precedes a breakdown. Traders should watch for a break below the channel's lower boundary as a signal of weakening momentum and potential further downside for COP.

https://www.fxstreet.com/news/the-bearish-pattern-to-watch-on-conocophillips-202601141626

EOG Resources (EOG) Receives a Rating Update from a Top Analyst

RBC Capital analyst Scott Hanold maintained a Buy rating on EOG Resources (EOG) and set a price target of $138.00. Hanold is a top analyst with a 25.5% average return, and there is a general "Moderate Buy" consensus for EOG Resources with an average price target of $135.17. Despite a recent decline in revenue and net profit compared to the previous year, with quarterly figures of $5.73 billion and $1.47 billion respectively, insider sentiment for the stock is negative due to increased selling activity.

https://www.theglobeandmail.com/investing/markets/stocks/EOG-N/pressreleases/37037288/eog-resources-eog-receives-a-rating-update-from-a-top-analyst/

Second Gas Discovery Confirmed at ConcoPhillips’s Otway Basin Well off Australia

ConocoPhillips has confirmed a second gas discovery at its Charlemont-1 exploration well in Australia's Otway Basin, following the Essington discovery. The well, operated in partnership with 3D Energi and Korea National Oil Corporation, successfully recovered a gas sample, validating the Charlemont Trend. This reinforces the prospectivity of the region and supports future development focused on supplying the Australian domestic gas market.

https://www.oedigital.com/news/534377-second-gas-discovery-confirmed-at-concophillips-s-otway-basin-well-off-australia

Is ConocoPhillips (COP) Pricing Look Attractive After Mixed Multi Year Share Returns

ConocoPhillips (COP) is being assessed for its valuation, with its stock currently trading around US$96.46. Despite mixed short-term returns and a 4.8% decline over the last year, two valuation methods—Discounted Cash Flow (DCF) and Price-to-Earnings (P/E) ratio—suggest the stock is undervalued. Simply Wall St's analysis indicates a 38.6% discount based on DCF and reveals a P/E of 13.51x against a "Fair Ratio" of 20.71x, further supporting an undervalued assessment.

https://simplywall.st/stocks/us/energy/nyse-cop/conocophillips/news/is-conocophillips-cop-pricing-look-attractive-after-mixed-mu

Trending Today

Ethereum ($ETH) Crypto Forecast: Down 6.6% Today

Dogecoin ($DOGE) Crypto Forecast: Down 5.0% Today

FuelCell Energy ($FCEL) Stock Forecast: Up 5.2% Today

Enphase Energy Inc. ($ENPH) Stock Forecast: Down 5.8% Today

Illumina Inc. ($ILMN) Stock Forecast: Up 5.2% Today

Credo Technology Group ($CRDO) Stock Forecast: Up 5.1% Today

Albemarle Corporation ($ALB) Stock Forecast: Up 5.1% Today

Astera Labs Inc ($ALAB) Stock Forecast: Up 5.3% Today

Moody's Corporation ($MCO) Stock Forecast: Down 2.7% Today

Cardano ($ADA) Crypto Forecast: Down 5.0% Today

ConocoPhillips Price History

03.03.2025 - COP Stock was down 6.3%

• The potential $1 billion sale of Oklahoma oil and gas assets by ConocoPhillips indicates a strategic shift towards focusing on key U.S. basins, which might have raised concerns among investors about the company's future growth prospects.
• Despite a slight 0.67% positive movement in the stock price, the overall sentiment seems to have been overshadowed by the news of asset divestitures, leading to a bearish trend for the day.
• The historical outperformance of ConocoPhillips over the past 5 years, with an average annual return of 27.24%, could have set high expectations among investors, making any strategic changes or divestitures a cause for concern and potential market reaction.

04.03.2025 - COP Stock was down 10.1%

• COP's stock plunged 10.2% in a day, reflecting the high exposure of upstream companies like EOG and CVX to the volatility in oil and gas prices.
• The evaluation of selling Oklahoma assets worth $1 billion indicates COP's strategic move to streamline its operations and focus on key U.S. basins, potentially causing uncertainty among investors.
• Despite a minor 0.67% increase in stock price, the overall sentiment seems bearish due to the broader industry challenges and market volatility affecting COP's operations.

09.09.2025 - COP Stock was down 1.4%

• Notwithstanding the bullish market, ConocoPhillips (COP) saw a significant bearish movement.
• The stock ended the session at $93.75, reflecting a 1.55% decline from the previous trading day.
• The bearish trend in COP might be linked to company-specific factors or adverse developments affecting the energy sector.
• Investors may be responding to fluctuations in oil prices or apprehensions about ConocoPhillips' financial performance.

07.07.2025 - COP Stock was down 2.7%

• ConocoPhillips (COP) reported better-than-expected Q2 earnings but missed revenue estimates, indicating potential challenges in revenue generation.
• Despite having a low-cost asset portfolio, ConocoPhillips may have been impacted by oil price volatility, leading to a bearish market movement.
• The market turbulence in the oil sector, as highlighted by another company's resilience with its strong balance sheet, could have influenced investors' sentiment towards ConocoPhillips and contributed to the bearish movement.

08.06.2025 - COP Stock was up 5.1%

• ConocoPhillips (COP) closed at $94.44 with a +2.66% increase from the previous day, showcasing a strong bullish movement.
• Weaker oil and gas prices in Q2 have affected Exxon Mobil's upstream earnings, but ConocoPhillips appears to have outperformed the stock market despite these challenges.
• The bullish movement in ConocoPhillips (COP) could be attributed to its strategic decisions, operational efficiency, or market perception of its resilience in navigating through the volatile energy sector.
• Despite industry challenges, ConocoPhillips' performance highlights its adaptability and potential to capitalize on market opportunities.

09.03.2025 - COP Stock was up 7.9%

• Despite tariff-induced market uncertainty, both EOG Resources and ConocoPhillips are leveraging their strong balance sheets to navigate through challenging times.
• Speculation is high on ConocoPhillips beating earnings estimates in the upcoming quarterly report, supported by its impressive earnings surprise history.
• The options market for ConocoPhillips showed a mix of bullish and bearish sentiments, with financial giants making a notable bearish move on the stock.
• While EOG Resources benefits from favorable oil prices, its exposure to extreme volatility in commodity prices poses a risk, similar to other upstream companies like ConocoPhillips.
• The plunge in ConocoPhillips' stock price could be attributed to the inherent volatility in oil and gas prices, impacting its upstream operations and echoing concerns seen in other energy companies like EOG and Chevron.

06.10.2025 - COP Stock was down 0.7%

• Despite surpassing Q3 earnings and revenue estimates, ConocoPhillips (COP) experienced strong bearish movement in the market.
• The lower-than-expected quarterly earnings per share of $1.41 compared to $1.78 in the year-ago period might have contributed to the bearish sentiment.
• Investors may have reacted negatively to the news of lower year-over-year oil prices, even with expectations of stronger output for ConocoPhillips in Q3.
• The market movement could also be influenced by broader industry trends and external factors impacting the energy sector.

10.03.2025 - COP Stock was down 6.4%

• ConocoPhillips (COP) gained 10.7% in the last session, but the current trend in earnings estimates may not support further increases, resulting in profit-taking and a bearish market trend today.
• Market uncertainties linked to tariffs may have contributed to the downward movement, despite a strong balance sheet from the company.
• The options market dynamics indicate a negative sentiment among major financial players regarding ConocoPhillips, with a significant portion of traders showing bearish inclinations that could impact the stock's performance.
• The recommended hold strategy for EOG Resources in the same sector, driven by favorable oil prices, may have indirectly shed light on the challenges faced by companies like ConocoPhillips in dealing with commodity price fluctuations, which could have influenced today's bearish movement.

31.02.2025 - COP Stock was up 2.6%

• Today, ConocoPhillips (COP) experienced a strong bullish movement in the market. Here's a witty assessment of what might have caused this surge:
• The company has consistently outperformed the market over the past 5 years, showcasing strong growth and stability in its operations.
• Despite market volatility and gas price fluctuations, ConocoPhillips has managed to maintain a positive trajectory, attracting investors' confidence.
• The recent increase in ConocoPhillips' stock price could be attributed to its robust long-term business outlook, offsetting potential company-specific risks.
• Investors seem optimistic about ConocoPhillips' performance, driving the stock price higher and indicating a positive sentiment towards the company's future prospects.

14.00.2026 - COP Stock was up 5.4%

• A gas discovery at ConocoPhillips' Charlemont-1 exploration well in Australia's Otway Basin, potentially one of the largest in the area, was a key driver behind the recent positive shift in the COP stock.
• Although technical analysis indicated a possible bearish trend on the daily chart, the encouraging gas discoveries overshadowed short-term bearish signals, boosting investor confidence in the company.
• The confirmation of a second gas discovery at Charlemont-1 reinforces ConocoPhillips' position in the region and bolsters future development plans, enhancing overall optimism towards the company.
• Valuation assessments, including Discounted Cash Flow and Price-to-Earnings ratios, suggesting that COP is undervalued, may have also attracted investors seeking an advantageous entry point, contributing to the recent bullish momentum in the stock.

04.03.2025 - COP Stock was down 9.1%

• The bearish movement in ConocoPhillips' stock can be attributed to the overall volatility in oil and gas prices, which directly impacts the company's upstream operations.
• The options market dynamics also revealed a notable bearish sentiment among financial giants, with a majority of trades showing a pessimistic outlook on COP.
• The news of ConocoPhillips evaluating the sale of Oklahoma assets to raise funds for strategic realignment might have added to the negative sentiment, signaling potential restructuring and divestitures.
• While favorable oil prices have been benefiting companies like EOG Resources, ConocoPhillips' specific exposure to the volatile nature of commodity prices likely contributed to the stock's sharp decline.

08.00.2026 - COP Stock was up 5.2%

• The bearish sentiment on oil from institutional investors could have created a contrarian opportunity for traders, leading to increased buying pressure on COP.
• The reduction in Exxon Mobil Corporation holdings by Allen Wealth Management LLC, coupled with Exxon's warning of potential profit drops, might have shifted investor focus towards other energy companies like ConocoPhillips, driving up its stock price.
• Honeywell's involvement in the Commonwealth LNG project and Murphy Oil Corporation's successful oil discovery off Vietnam could have positively influenced the overall sentiment towards the energy sector, benefiting companies like ConocoPhillips.
• Chevron's discussions with the U.S. government for an expanded Venezuela license may have added a layer of geopolitical risk to the oil market, further pushing investors towards companies like ConocoPhillips with potentially lower exposure to such uncertainties.