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UBS Sticks to Their Buy Rating for Conocophillips (COP)

Tipranks - Tue Apr 7, 11:46AM CDT

In a report released yesterday, Josh Silverstein from UBS maintained a Buy rating on Conocophillips, with a price target of $155.00.

Easter Sale - 70% Off TipRanks

According to TipRanks, Silverstein is a 5-star analyst with an average return of 12.2% and a 65.67% success rate. Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Conocophillips, and Devon Energy.

In addition to UBS, Conocophillips also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued yesterday. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Conocophillips (NYSE: COP).

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.

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