14-05-2025
Wells Fargo Keeps Their Buy Rating on Conocophillips (COP)
Wells Fargo analyst Roger Read maintained a Buy rating on Conocophillips (COP – Research Report) yesterday and set a price target of $113.00. The company's shares closed yesterday at $94.17.
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Read covers the Energy sector, focusing on stocks such as HF Sinclair Corporation, Valero Energy, and Devon Energy. According to TipRanks, Read has an average return of 0.9% and a 47.89% success rate on recommended stocks.
Conocophillips has an analyst consensus of Strong Buy, with a price target consensus of $113.59, a 20.62% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $125.00 price target.
Based on Conocophillips' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $17.1 billion and a net profit of $2.85 billion. In comparison, last year the company earned a revenue of $13.85 billion and had a net profit of $2.55 billion
