RBC Capital Sticks to Its Buy Rating for Conocophillips (COP)

RBC Capital analyst Scott Hanold maintained a Buy rating on Conocophillips yesterday and set a price target of $152.00.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and EQT. According to TipRanks, Hanold has an average return of 25.1% and a 72.46% success rate on recommended stocks.

In addition to RBC Capital, Conocophillips also received a Buy from Piper Sandler’s Ryan Todd in a report issued yesterday. However, on the same day, Truist Financial maintained 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.