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Analysts Are Bullish on These Energy Stocks: Phillips 66 (PSX), Devon Energy (DVN)

Tipranks - Tipranks - Tue Feb 24, 5:40AM CST

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Phillips 66 (PSX – Research Report) and Devon Energy (DVN – Research Report) with bullish sentiments.

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Phillips 66 (PSX)

UBS analyst Manav Gupta maintained a Buy rating on Phillips 66 today and set a price target of $172.00. The company’s shares closed last Friday at $155.75.

According to TipRanks.com, Gupta is a 5-star analyst with an average return of 13.6% and a 68.3% success rate. Gupta covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Marathon Petroleum, and Energy Transfer. ;'>

Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $155.00, which is a 0.0% downside from current levels. In a report issued on February 21, TipRanks – Google also upgraded the stock to Buy with a $179.00 price target.

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Devon Energy (DVN)

Barclays analyst Betty Jiang maintained a Buy rating on Devon Energy today and set a price target of $52.00. The company’s shares closed last Friday at $44.39.

According to TipRanks.com, Jiang is a 3-star analyst with an average return of 3.2% and a 52.1% success rate. Jiang covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Antero Resources. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Devon Energy with a $47.33 average price target, representing a 6.7% upside. In a report issued on February 11, Piper Sandler also maintained a Buy rating on the stock with a $55.00 price target.

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