There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Occidental Petroleum (OXY – Research Report) and Propetro Holding (PUMP – Research Report) with bullish sentiments.
Occidental Petroleum (OXY)
TD Cowen analyst David Deckelbaum maintained a Buy rating on Occidental Petroleum yesterday and set a price target of $68.00. The company’s shares closed last Tuesday at $50.29, close to its 52-week low of $49.51.
According to TipRanks.com, Deckelbaum is ranked #7999 out of 9184 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Occidental Petroleum with a $62.42 average price target.
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Propetro Holding (PUMP)
Barclays analyst Eddie Kim maintained a Buy rating on Propetro Holding today and set a price target of $12.00. The company’s shares closed last Tuesday at $8.03.
According to TipRanks.com, Kim is a 3-star analyst with an average return of
Currently, the analyst consensus on Propetro Holding is a Moderate Buy with an average price target of $10.33, which is a 28.6% upside from current levels. In a report issued on October 31, Stifel Nicolaus also maintained a Buy rating on the stock with a $11.00 price target.
Read More on OXY:
- OXY Earnings: Occidental Petroleum Smashes EPS Estimates
- Occidental Petroleum reports Q3 EPS $1.00, consensus 74c
- Occidental Petroleum sees Q4 total production 1.43-1.47Mboed
- Occidental Petroleum call volume above normal and directionally bullish
- Options Volatility and Implied Earnings Moves Today, November 12, 2024
