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Analysts Conflicted on These Energy Names: Antero Midstream (AM), Baytex Energy (BTE) and Plains All American (PAA)

Tipranks - Tue May 12, 6:52AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Antero Midstream (AM), Baytex Energy (BTE) and Plains All American (PAA).

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Antero Midstream (AM)

In a report released yesterday, John Mackay from Goldman Sachs maintained a Hold rating on Antero Midstream, with a price target of $23.00. The company’s shares closed last Friday at $20.92.

According to TipRanks.com, Mackay is a 5-star analyst with an average return of 20.6% and a 65.8% success rate. Mackay covers the NA sector, focusing on stocks such as LandBridge Company LLC Class A, Venture Global, Inc. Class A, and Enterprise Products Partners. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Antero Midstream with a $23.60 average price target, an 11.1% upside from current levels. In a report issued on April 30, Wells Fargo also maintained a Hold rating on the stock with a $23.00 price target.

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Baytex Energy (BTE)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Baytex Energy on May 8 and set a price target of C$7.00. The company’s shares closed last Friday at $4.83.

According to TipRanks.com, Pardy is a 5-star analyst with an average return of 23.4% and a 64.8% success rate. Pardy covers the NA sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Parex Resources. ;'>

Baytex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $5.17, a 6.6% upside from current levels. In a report issued on April 23, TipRanks – xAI also downgraded the stock to Hold with a C$6.50 price target.

Plains All American (PAA)

Truist Financial analyst Gabriel Daoud maintained a Buy rating on Plains All American today. The company’s shares closed last Friday at $21.72.

According to TipRanks.com, Daoud is ranked 0 out of 5 stars with an average return of -12.5% and a 31.5% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

Plains All American has an analyst consensus of Hold, with a price target consensus of $23.13, which is a 3.1% upside from current levels. In a report issued on May 4, Seaport Global also maintained a Buy rating on the stock with a $24.00 price target.

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