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Wall Street Analysts Are Bullish on Top Energy Picks

Tipranks - Thu Apr 23, 10:50AM CDT

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

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EQT (EQT)

In a report released yesterday, Neil Mehta from Goldman Sachs maintained a Buy rating on EQT, with a price target of $65.00. The company’s shares closed last Wednesday at $58.54.

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 EQT is a Moderate Buy with an average price target of $67.97, a 16.6% upside from current levels. In a report issued on April 6, Evercore ISI also maintained a Buy rating on the stock with a $70.00 price target.

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Sable Offshore (SOC)

Jefferies analyst Lloyd Byrne maintained a Buy rating on Sable Offshore today and set a price target of $24.00. The company’s shares closed last Wednesday at $14.08.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 20.9% and a 60.6% success rate. Byrne covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Flowco Holdings Inc Class A, and Baker Hughes Company. ;'>

Currently, the analyst consensus on Sable Offshore is a Moderate Buy with an average price target of $22.67.

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