In a report released today, Leo Mariani from KeyBanc maintained a Buy rating on Conocophillips (COP – Research Report), with a price target of $112.00. The company’s shares closed last Wednesday at $104.37, close to its 52-week high of $105.02.
According to TipRanks.com, Mariani is a top 100 analyst with an average return of 35.0% and a 65.4% success rate. Mariani covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Conocophillips with a $113.57 average price target, implying a 10.0% upside from current levels. In a report issued on March 11, Wells Fargo also maintained a Buy rating on the stock with a $130.00 price target.
Conocophillips’ market cap is currently $135.6B and has a P/E ratio of 17.20.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ConocoPhillips is a global oil and gas company. It engages in exploration, production, transportation and marketing of crude oil and natural gas. Its portfolio includes conventional assets in North America, Australia, Europe and Asia, as well as oil sand assets in Canada.
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