Analysts Offer Insights on Energy Companies: Equinor ASA (EQNR) and Archrock (AROC)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Equinor ASA (EQNR) and Archrock (AROC).
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Equinor ASA (EQNR)
TD Cowen analyst Jason Gabelman maintained a Hold rating on Equinor ASA today and set a price target of $37.00. The company’s shares closed last Friday at $31.03.
According to TipRanks.com, Gabelman is a 5-star analyst with an average return of
Currently, the analyst consensus on Equinor ASA is a Hold with an average price target of $37.07, which is a 18.5% upside from current levels. In a report issued on June 20, TipRanks – xAI also downgraded the stock to Hold with a $34.00 price target.
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Archrock (AROC)
In a report issued on June 26, Michael Blum from Wells Fargo maintained a Buy rating on Archrock, with a price target of $54.00. The company’s shares closed last Friday at $41.95.
According to TipRanks.com, Blum is a 5-star analyst with an average return of
Archrock has an analyst consensus of Strong Buy, with a price target consensus of $43.63, representing a 5.1% upside. In a report issued on June 22, J.P. Morgan also maintained a Buy rating on the stock with a $43.00 price target.
Read More on EQNR:
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- Equinor price target lowered to NOK 320 from NOK 365 at Berenberg
- Equinor price target lowered to NOK 340 from NOK 360 at BofA
- Equinor: Hold Rating Reiterated as Limited Upside to NOK340 Target Offsets Improved Outlook and Deleveraging Story
- Largest borrow rate increases among liquid names
- Equinor price target raised to $42 from $40 at TD Cowen
