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Analysts’ Top Energy Picks: Halliburton (HAL), EQT (EQT)

Tipranks - Thu Apr 23, 6:34AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Halliburton (HAL) and EQT (EQT) with bullish sentiments.

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Halliburton (HAL)

Goldman Sachs analyst Neil Mehta maintained a Buy rating on Halliburton yesterday and set a price target of $44.00. The company’s shares closed last Tuesday at $38.15.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 11.7% and a 62.7% success rate. Mehta covers the NA sector, focusing on stocks such as Occidental Petroleum, Par Pacific Holdings, and Marathon Petroleum. ;'>

Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $42.47, which is an 11.7% upside from current levels. In a report issued on April 6, TipRanks – xAI also upgraded the stock to Buy with a $42.00 price target.

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EQT (EQT)

In a report released today, Gabriel Daoud from Truist Financial maintained a Buy rating on EQT. The company’s shares closed last Tuesday at $56.98.

According to TipRanks.com, Daoud has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -13.8% and a 28.3% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EQT with a $67.97 average price target, a 19.9% upside from current levels. In a report issued on April 17, Barclays also maintained a Buy rating on the stock with a $69.00 price target.

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