Street View: ConocoPhillips leans on crude, sees long growth runway

By Reuters News

** ConocoPhillips COP.N lifted its quarterly dividend after Q3 profit beat on stronger crude prices, cost-cuts

** 31 analysts rate COP "buy" on average; median PT $151- data compiled by LSEG


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** J.P. Morgan ("Neutral," PT: $142) says CEO O’Brien may focus more on managing asset portfolio while largely maintaining long-standing strategy

** Morgan Stanley ("overweight," PT: $159) says initial 2027 outlook largely in line; multi-year free cash flow growth still on track; deep inventory supports long-term, capital-efficient growth

** Evercore ISI ("outperform," PT: $145) says COP remains the closest thing to an annuity in a depletion industry, and the investment question is moving from whether the end-of-decade free cash flow inflection arrives to what sustains growth after it does

** Morningstar (Fair Value: $139) says stronger 2027 oil futures continue to support margins; delays to US-Iran deal may pressure Qatar investments

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