BMO Boosts ConocoPhillips Price Target to $140

Analysts see upside potential for energy producer's stock

Apr. 7, 2026 at 1:57pm

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A highly detailed, cinematic close-up of heavy, industrial banking machinery and gears in shades of steel grey, bronze, and chrome, conceptually representing the financial security and stability of the energy industry.An extreme close-up of the intricate machinery powering ConocoPhillips' financial engine reflects the energy company's stability and growth potential.Houston Today

BMO Capital Markets raised its price target on shares of ConocoPhillips (NYSE:COP) from $130.00 to $140.00 and maintained an "outperform" rating on the energy producer's stock. The new target price represents a potential upside of 5.36% from the stock's current trading price.

Why it matters

The increased price target from BMO suggests analysts see further upside potential for ConocoPhillips' stock, which has already gained over 30% in the past year. As one of the largest independent oil and gas exploration and production companies, ConocoPhillips' performance is closely watched as an indicator of the broader energy sector.

The details

In a research note, BMO Capital Markets cited ConocoPhillips' strong operational and financial performance as reasons for the higher price target. The firm noted the company's focus on capital discipline and shareholder returns through dividends and buybacks. Other analysts have also recently boosted their price targets for ConocoPhillips, reflecting a generally positive outlook on the stock.

  • BMO Capital Markets released its updated research note on Tuesday, April 7, 2026.

The players

ConocoPhillips

A Houston-based international energy company focused on exploration and production of oil and natural gas.

BMO Capital Markets

An investment bank and financial services provider that covers ConocoPhillips and other energy stocks.

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The takeaway

The increased price target from BMO Capital Markets suggests analysts remain bullish on ConocoPhillips' long-term prospects, even as the energy sector faces ongoing volatility. The company's focus on capital discipline and shareholder returns continues to resonate with the investment community.