Fintel reports that on September 3, 2026, Seaport Global initiated coverage of ConocoPhillips (NYSE:COP) with a Neutral recommendation. This initiation of coverage occurred on a day when the stock’s pre-action close on September 2, 2026, was $137.20, and the next-session close on September 4, 2026, was $134.28, representing a pre-action to next-session change of -2.13%.
ConocoPhillips, based in the United States, is a leading global player in the energy sector, primarily engaged in the exploration and production of oil and natural gas. As an independent exploration and production company, it focuses on value-adding strategies in the oil and gas industry, leveraging technology and innovative practices to optimize its operations in key regions. ConocoPhillips has a diverse portfolio of projects that are strategically spread across several continents, with significant initiatives in places such as the North Sea, the Permian Basin in the US, and in Australia through its LNG and natural gas ventures. As of September 4, 2026, the company’s latest close was $134.28. This compares to a price of $130.35 on August 28, 2026, reflecting a one-week price change of +3.01%. Over a longer timeframe, the stock experienced a one-month price change of +13.85% from its baseline close of $117.94 on August 4, 2026.
Prior to Seaport Global’s action, the current consensus target mean for ConocoPhillips was $148.31 as of August 28, 2026, with a median target of $148.92. This mean target represents an implied change of +10.45% from the stock’s previous levels. The prior consensus target mean was $144.94 as of August 4, 2026, indicating a consensus target revision of +2.33%. In terms of analyst recommendations, the current recommendation period as of September 1, 2026, shows a total of 31 recommendations, consisting of 7 strong buy, 16 buy, 8 hold, 0 sell, and 0 strong sell ratings. This results in a positive percentage of 74.2%, a hold percentage of 25.8%, and a negative percentage of 0.0%. In the prior recommendation period as of August 1, 2026, there were 8 strong buy, 14 buy, 9 hold, 0 sell, and 0 strong sell ratings, totaling 31 recommendations, which represented 71.0% positive, 29.0% hold, and 0.0% negative recommendations.
The company’s latest earnings report was released on August 6, 2026. ConocoPhillips reported an actual EPS of 3.24, compared to an estimate of 2.9112, representing an EPS surprise of +11.29%. The actual revenue for the quarter was $19,522,000,000,000,000.00, exceeding the estimated revenue of $18,984,120,256,000,000.00. Other recent analyst actions prior to Seaport Global’s initiation include Morgan Stanley maintaining an Overweight rating on August 19, 2026, and Argus Research maintaining a Buy rating on the same day. On August 17, 2026, Barclays maintained an Overweight rating. Earlier in August, UBS maintained a Buy rating on August 12, 2026, Susquehanna maintained a Positive rating on August 11, 2026, and Truist Securities maintained a Hold rating on August 10, 2026.
Recent analyst actions
Recent analyst upgrades, downgrades, initiations, and maintained ratings Date Analyst Prior Latest recommendation Action September 3, 2026 Seaport Global Neutral initiated coverage August 19, 2026 Morgan Stanley Overweight Overweight maintained August 19, 2026 Argus Research Buy Buy maintained August 17, 2026 Barclays Overweight Overweight maintained August 12, 2026 UBS Buy Buy maintained August 11, 2026 Susquehanna Positive Positive maintained August 10, 2026 Truist Securities Hold Hold maintained
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This story originally appeared on Fintel.
