In a report released on August 23, Scott Hanold from RBC Capital maintained a Buy rating on Conocophillips (COP – Research Report), with a price target of $130.00. The company’s shares closed yesterday at $112.08.
According to TipRanks, Hanold is a top 25 analyst with an average return of 32.3% and a 68.60% success rate. Hanold covers the Utilities sector, focusing on stocks such as Range Resources, California Resources Corp, and APA.
Conocophillips has an analyst consensus of Strong Buy, with a price target consensus of $126.83, a 13.16% upside from current levels. In a report released on August 18, Mizuho Securities also reiterated a Buy rating on the stock with a $138.00 price target.
The company has a one-year high of $122.57 and a one-year low of $52.63. Currently, Conocophillips has an average volume of 7.87M.
Based on the recent corporate insider activity of 42 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. Most recently, in June 2022, Ryan Michael Lance, the Chairman & CEO of COP sold 584,900.00 shares for a total of $70,895,729.00.
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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