Wells Fargo Lifts PT on ConocoPhillips (COP) to $117, Keeps a Buy Rating

Noor Ul Ain Rehman

Mon, Jun 30, 2025, 10:31 AM 1 min read

ConocoPhillips (NYSE:COP) is one of the 11 Best Strong Buy Stocks to Invest in Now. On June 25, Wells Fargo analyst Roger Read maintained a Buy rating on ConocoPhillips (NYSE:COP), raising the price target to $117 from $113.

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

The company reported fiscal Q1 2025 earnings of $2.8 billion, or $2.23 per share, compared to $2.6 billion, or $2.15 per share in fiscal Q1 2024. ConocoPhillips (NYSE:COP) also reported total company and Lower 48 production of 2,389 thousand barrels of oil equivalent per day (MBOED) and 1,462 MBOED, respectively.

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, Middle East, and North Africa, Asia Pacific, and Other International.

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Disclosure: None.