Barclays Remains a Buy on Conocophillips (COP)

Barclays analyst Betty Jiang maintained a Buy rating on Conocophillips (COP – Research Report) today and set a price target of $158.00. The company’s shares closed yesterday at $129.84.

Jiang covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Conocophillips. According to TipRanks, Jiang has an average return of -2.3% and a 38.79% success rate on recommended stocks.

In addition to Barclays, Conocophillips also received a Buy from Susquehanna’s Biju Perincheril in a report issued on April 22. However, on April 11, Scotiabank maintained a Hold rating on Conocophillips (NYSE: COP).

COP market cap is currently $152.1B and has a P/E ratio of 14.33.

Based on the recent corporate insider activity of 37 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 607,000.00 shares for a total of $76,421,300.00.

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 (COP) Company Description:

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.