Harbour Energy Acquisition: Harbour Energy has agreed to a $170 million deal to acquire Waldorf Energy Partners and Waldorf Production, aiming to enhance its UK North Sea portfolio and increase its stake in the Catcher field to 90%.
Impact on Share Price: Following the announcement, Harbour Energy's share price fell by 1.4% due to declining global crude oil prices, with West Texas Intermediate crude trading below $56 per barrel.
Production and Financial Outlook: The acquisition is expected to boost Harbour's daily oil equivalent production by 20,000 barrels and add approximately 35 million barrels of 2P reserves, potentially increasing cash flow and business stability.
Market Position and Competitors: Despite the acquisition, Harbour Energy's business model remains vulnerable to oil price volatility, while competitors like EOG Resources, ConocoPhillips, and Diamondback Energy are better positioned in the current market.
Wall Street analysts forecast COP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COP is 113.39 USD with a low forecast of 98.00 USD and a high forecast of 132.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
Wall Street analysts forecast COP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COP is 113.39 USD with a low forecast of 98.00 USD and a high forecast of 132.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 96.880
Low
98.00
Averages
113.39
High
132.00
Current: 96.880
Low
98.00
Averages
113.39
High
132.00
JPMorgan
Arun Jayaram
Overweight -> Neutral
downgrade
$98
2026-01-20
New
Reason
JPMorgan
Arun Jayaram
Price Target
$98
AI Analysis
2026-01-20
New
downgrade
Overweight -> Neutral
Reason
JPMorgan analyst Arun Jayaram downgraded ConocoPhillips to Neutral from Overweight with an unchanged price target of $98. The firm adjusted ratings in the integrated oils sector as part of its 2026 outlook. The outlook for the group continues to shaped by supply side risks for oil, but a more constructive outlook downstream, the analyst tells investors in a research note. Amid the rise in geopolitical risks, JPMorgan says the U.S. majors screen more attractive than the Canadian integrateds. It cites relative valuations for the rating changes.
BofA
Neutral -> Underperform
downgrade
$102
2026-01-16
Reason
BofA
Price Target
$102
2026-01-16
downgrade
Neutral -> Underperform
Reason
BofA downgraded ConocoPhillips to Underperform from Neutral with a $102 price target.
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BofA
Neutral -> Underperform
downgrade
$102
2026-01-16
Reason
BofA
Price Target
$102
2026-01-16
downgrade
Neutral -> Underperform
Reason
BofA downgraded ConocoPhillips to Underperform from Neutral with a price target of $102. Shares have appreciated in recent weeks, supported by geopolitical developments in Venezuela and Iran, but the firm views these factors creating "the potential for a short-lived tightening in oil markets rather than a durable shift," says the analyst, whose oil price outlook remains unchanged and notes that the firm's downgrade is driven primarily by valuation.
Piper Sandler
Ryan Todd
Overweight
downgrade
$115 -> $109
2026-01-08
Reason
Piper Sandler
Ryan Todd
Price Target
$115 -> $109
2026-01-08
downgrade
Overweight
Reason
Piper Sandler analyst Ryan Todd lowered the firm's price target on ConocoPhillips to $109 from $115 and keeps an Overweight rating on the shares. The firm says that entering 2026, while the chairs have shuffled around a bit, the song remains similar to twelve months ago - a bearish crude outlook that is likely to make it difficult for the sector to outperform the broader market. On the flip side, Piper sees the refining market as even better than 2025, driven by what it expects to be incrementally tighter S/D and crude differential tailwinds.
About COP
ConocoPhillips is an exploration and production company. Its Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and NGLs. The Lower 48 segment consists of operations located in the 48 contiguous states in the United States and the Gulf of Mexico. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia and commercial operations. The Europe, Middle East and North Africa segment consists of operations principally located in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the United Kingdom. Asia Pacific segment has exploration and production operations in China, Malaysia, Australia and commercial operations in China, Singapore and Japan. Other International segment includes interests in Colombia as well as contingencies associated with prior operations in other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
