ConocoPhillips (COP) Gets PT Hike from UBS as Oil Price Forecasts Rise

NodeGuardian · 2026-03-07T05:43:52+00:00

UBS boosted ConocoPhillips' price target to $144, citing higher oil price forecasts for 2026 and a favorable risk/reward profile. With increased WTI and Brent price assumptions, the firm sees potential for significant free cash flow growth amidst geopolitical risks.

NodeGuardian

2026-03-07 05:43:52

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UBS raised its price target for ConocoPhillips (NYSE:COP) to $144 from $130, reiterating a Buy rating, due to increased oil price forecasts for 2026 and an attractive risk/reward profile in the energy sector. The firm elevated its 2026 WTI and Brent oil price assumptions by $10 per barrel, now expecting $68 and $72 respectively, and noted potential for higher prices due to geopolitical risks. ConocoPhillips is seen as a strong candidate for free cash flow growth if oil and gas prices rise.

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