** ConocoPhillips COP.N beat Wall Street estimates for fourth-quarter profit as higher production helped offset lower crude prices
** Median PT of 29 analysts is $132
PEAK SPEND IN 2025 SETS COMPANY UP FOR LONG TERM
** J.P. Morgan ("overweight") raises PT to $127 from $123 on the company reflecting a reduction in long-term capex estimates
** RBC Capital Markets (PT$135, "outperform") says by early 2030, runrate free cash flow $(FCF)$ should increase 60+% vs 2025 on a relative basis due to co's long-term projects
** Truist Securities (PT $139, "buy") anticipate COP's operations to remain steady while focusing on core inventory in Lower 48 and other plays, and believe company will remain active in M&A market
** Gerdes ("buy") cuts PT to $142 from $146 due to "higher cash tax leakage and lower U.S. gas/Canadian oil price realizations partly offset by an ~1.4% lower q/q share count"
** Stewart Glickman, senior equity analyst at CFRA Research, ("hold") cuts PT to $109 from $111 as crude oil prices could be stronger in 2026 than in 2025 and FCF might be a bit subdued this year
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com;))
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