UBS Raises PT on ConocoPhillips (COP) to $123 From $116

ConocoPhillips (NYSE:COP) is one of the top most undervalued low volatility stocks to buy now. UBS raised the firm’s price target on ConocoPhillips (NYSE:COP) to $123 from $116 on August 20, keeping a Buy rating on the shares.

The rating update came after ConocoPhillips (NYSE:COP) reported its fiscal Q2 2025 earnings on August 7, with earnings per share for the quarter reaching $1.56 and adjusted earnings per share of $1.42.

Generated cash provided by operating activities reached $3.5 billion, while cash from operations (CFO) in Q2 was $4.7 billion. ConocoPhillips (NYSE:COP) also declared a Q3 ordinary dividend of $0.78 per share.

ConocoPhillips (NYSE:COP) is an exploration and production company that explores, transports, produces, and markets natural gas, crude oil, and bitumen.

It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, the Middle East, and North Africa, Asia Pacific, and Other International.

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Disclosure: None. This article is originally published at Insider Monkey.