Analysts Offer Insights on Energy Companies: Weatherford International (WFRD) and Valero Energy (VLO)

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Weatherford International (WFRD – Research Report) and Valero Energy (VLO – Research Report) with bullish sentiments.

Weatherford International (WFRD)

In a report released today, David Anderson from Barclays maintained a Buy rating on Weatherford International, with a price target of $160.00. The company’s shares closed last Thursday at $123.65, close to its 52-week high of $127.45.

According to TipRanks.com, Anderson is a 2-star analyst with an average return of -0.1% and a 45.8% success rate. Anderson covers the NA sector, focusing on stocks such as Baker Hughes Company, Schlumberger, and Halliburton.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Weatherford International with a $156.20 average price target, representing a 26.3% upside. In a report issued on April 15, Bank of America Securities also maintained a Buy rating on the stock with a $135.00 price target.

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Valero Energy (VLO)

In a report released today, Theresa Chen from Barclays maintained a Buy rating on Valero Energy, with a price target of $179.00. The company’s shares closed last Thursday at $167.13.

According to TipRanks.com, Chen is a 5-star analyst with an average return of 16.7% and a 74.4% success rate. Chen covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Enterprise Products Partners, and Cheniere Energy Partners.

Currently, the analyst consensus on Valero Energy is a Moderate Buy with an average price target of $183.92, which is an 11.5% upside from current levels. In a report issued on April 17, Morgan Stanley also maintained a Buy rating on the stock with a $187.00 price target.

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Read More on WFRD:

• Weatherford backs FY24 revenue growth view between double digits and low teens
• Weatherford reports Q1 EPS $1.50, consensus $1.44
• Weatherford Announces $130 Million Credit Facility Increase to $680 Million and Notice to Redeem All of Its 6.50% Senior Notes Due 2028
• Weatherford Releases 2023 Digital Annual Update
• Weatherford price target raised to $135 from $123 at BofA