Mizuho Securities Reaffirms Their Buy Rating on Conocophillips (COP)

Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on Conocophillips (COPResearch Report) on May 5 and set a price target of $150.00. The company’s shares closed last Friday at $107.69.

According to TipRanks.com, Lovaglio is a top 25 analyst with an average return of 57.6% and a 93.0% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Conocophillips with a $128.92 average price target, which is a 23.8% upside from current levels. In a report issued on April 21, Evercore ISI also maintained a Buy rating on the stock with a $122.00 price target.

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The company has a one-year high of $107.52 and a one-year low of $51.41. Currently, Conocophillips has an average volume of 8.42M.

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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