---
title: "Weekly Recap | ConocoPhillips -3.35%, consensus target above spot"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297387560.md"
description: "ConocoPhillips (COP) fell 3.35% this week to close at $130.35, underperforming the S&P 500 by roughly 3.84 percentage points. The stock opened Monday at $134.09 and hit a weekly high of $135.63 before drifting lower. It touched $128.00 on Thursday, the low of the week, then bounced slightly on Friday to settle at $130.35, not enough to erase the earlier losses. Weekly amplitude was 5.69%, with volume about 12.6% below its prior median."
datetime: "2026-08-29T05:26:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297387560.md)
  - [en](https://longbridge.com/en/news/297387560.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297387560.md)
generator: "portal-rs"
---

# Weekly Recap | ConocoPhillips -3.35%, consensus target above spot

## The Week

ConocoPhillips (COP) fell 3.35% this week to close at $130.35, underperforming the S&P 500 by roughly 3.84 percentage points. The stock opened Monday at $134.09 and hit a weekly high of $135.63 before drifting lower. It touched $128.00 on Thursday, the low of the week, then bounced slightly on Friday to settle at $130.35, not enough to erase the earlier losses. Weekly amplitude was 5.69%, with volume about 12.6% below its prior median.

## Key Events

Iraq’s stated aim to move 1 million barrels per day through Turkey set the tone early in the week, with several reports naming ConocoPhillips among energy names positioned to benefit. On the company side, a senior vice president sold over $1.2 million in shares on 25 August. Separately, Ruggaard & Associates LLC and Cetera Trust Company N.A disclosed new or increased stakes. Reports also highlighted covered call yields on COP near recent highs and a broader valuation shift across US oil names as crude held under pressure.

## Analyst Ratings

As of 24 August, 26 analysts cover the stock: 15 rate it buy, 4 overweight, 6 hold, and 1 no opinion, with no underweight or sell ratings. The consensus rating is buy, and the consensus target of $145.33 sits about 11.5% above the spot price of $130.35. Targets range from $126.00 to $189.00, pointing to wide dispersion. Within the oil and gas exploration and production sector, COP ranks 6th out of 66 companies.

## The Week Ahead

The coming days bring a busy macro calendar. The Dallas Fed manufacturing activity index lands on 31 August, followed on 1 September by the S&P Global manufacturing PMI final, ISM manufacturing PMI, and JOLTS job openings. On 2 September, ADP private payrolls, factory orders, and EIA weekly crude and Cushing inventory data arrive. Oil inventory prints matter most for a stock still reacting to Iraq’s output ambitions.

## In Short

The stock pulled back this week, yet analyst consensus remains buy with a target about 11.5% above spot. Valuation shows a P/E near 16.9x and P/B around 2.4x. On the latest trading day, large-lot flows turned net seller while smaller lots absorbed the selling, leaving near-term direction mixed. The focus now shifts to how oil prices respond to Iraq’s supply push and how next week’s manufacturing and jobs data shape the broader tape.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [COP.US](https://longbridge.com/en/quote/COP.US.md)

## Related News & Research

- [Mystic Asset Management Inc. Invests $940,000 in ConocoPhillips $COP](https://longbridge.com/en/news/296602837.md)
- [Why ConocoPhillips stock flew higher on Friday](https://longbridge.com/en/news/293082529.md)
- [What smart people are saying about oil prices surging back toward $100](https://longbridge.com/en/news/298342221.md)
- [$100 oil is putting China's new role as a 'demand-side OPEC' to the test](https://longbridge.com/en/news/298594153.md)
- [Tracking oil prices and US gas prices amid Iran conflict](https://longbridge.com/en/news/298630727.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**