DBS Sticks to Their Buy Rating for Conocophillips (COP)

DBS analyst Suvro Sarkar maintained a Buy rating on Conocophillips on March 30 and set a price target of $146.00. The company’s shares closed yesterday at $132.89.

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Sarkar covers the Energy sector, focusing on stocks such as Chevron, Exxon Mobil, and TotalEnergies SE. According to TipRanks, Sarkar has an average return of 11.6% and a 71.96% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conocophillips with a $128.67 average price target, which is a -3.18% downside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $151.00 price target.

Based on Conocophillips’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.31 billion and a net profit of $1.44 billion. In comparison, last year the company earned a revenue of $14.24 billion and had a net profit of $2.3 billion

Based on the recent corporate insider activity of 35 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. Last month, Ryan Michael Lance, the Chairman & CEO of COP sold 113,221.00 shares for a total of $15,024,426.70.