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Wall Street Analysts Are Bullish on Top Energy Picks

Tipranks - Fri Aug 7, 2:30PM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Helmerich & Payne (HP) and Paramount Resources (PRMRF) with bullish sentiments.

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Helmerich & Payne (HP)

Bank of America Securities analyst Saurabh Pant maintained a Buy rating on Helmerich & Payne today. The company’s shares closed last Thursday at $37.63.

According to TipRanks.com, Pant is a 4-star analyst with an average return of 11.6% and a 60.4% success rate. Pant covers the NA sector, focusing on stocks such as National Energy Services Reunited, Weatherford International, and Atlas Energy Solutions. ;'>

Helmerich & Payne has an analyst consensus of Moderate Buy, with a price target consensus of $41.44, which is a 16.7% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $43.00 price target.

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Paramount Resources (PRMRF)

In a report released today, Sam Burwell from Jefferies maintained a Buy rating on Paramount Resources, with a price target of C$37.00. The company’s shares closed last Thursday at $21.61.

According to TipRanks.com, Burwell is a 5-star analyst with an average return of 16.1% and a 66.8% success rate. Burwell covers the NA sector, focusing on stocks such as Whitecap Resources, Pembina Pipeline, and Athabasca Oil. ;'>

Paramount Resources has an analyst consensus of Moderate Buy, with a price target consensus of $25.58.

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