In a report released yesterday, Leo Mariani from Roth MKM maintained a Buy rating on Conocophillips, with a price target of $100.00.
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Mariani covers the Energy sector, focusing on stocks such as Sable Offshore, Matador Resources, and Diamondback. According to TipRanks, Mariani has an average return of 25.2% and a 58.96% success rate on recommended stocks.
Currently, the analyst consensus on Conocophillips is a Strong Buy with an average price target of $112.53.
Based on Conocophillips’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $15.52 billion and a net profit of $1.73 billion. In comparison, last year the company earned a revenue of $12.99 billion and had a net profit of $2.05 billion
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COP in relation to earlier this year. Last month, McRaven William H., a Director at COP bought 5,768.00 shares for a total of $499,912.56.
