There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Targa Resources (TRGP – Research Report), Birchcliff Energy (BIREF – Research Report) and Coterra Energy (CTRA – Research Report) with bullish sentiments.
Targa Resources (TRGP)
In a report released yesterday, Elvira Scotto from RBC Capital reiterated a Buy rating on Targa Resources, with a price target of $128.00. The company’s shares closed last Wednesday at $115.58, close to its 52-week high of $117.87.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of
Targa Resources has an analyst consensus of Strong Buy, with a price target consensus of $125.00, implying a 9.6% upside from current levels. In a report issued on May 2, Mizuho Securities also maintained a Buy rating on the stock with a $130.00 price target.
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Birchcliff Energy (BIREF)
RBC Capital analyst Michael Harvey maintained a Buy rating on Birchcliff Energy today and set a price target of C$7.00. The company’s shares closed last Wednesday at $4.32.
According to TipRanks.com, Harvey is a 5-star analyst with an average return of
Birchcliff Energy has an analyst consensus of Hold, with a price target consensus of $4.44.
Coterra Energy (CTRA)
Truist Financial analyst Neal Dingmann upgraded Coterra Energy to Buy today and set a price target of $35.00. The company’s shares closed last Wednesday at $27.81.
According to TipRanks.com, Dingmann is a top 100 analyst with an average return of
Currently, the analyst consensus on Coterra Energy is a Strong Buy with an average price target of $34.06, which is a 21.9% upside from current levels. In a report issued on May 3, Mizuho Securities also maintained a Buy rating on the stock with a $37.00 price target.
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Read More on TRGP:
- Targa Resources Emphasizes Commitment to Transparency
- Targa Resources reports Q1 adjusted EBITDA $966.2M vs. $940.6M last year
- Targa Resources price target raised to $130 from $111 at Stifel
- Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2024 Earnings Webcast
- Targa Resources increases quarterly dividend to 75c per share
