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Analysts Offer Insights on Energy Companies: Marathon Petroleum (MPC), Nabors Industries (NBR) and Plains GP Holdings (PAGP)

Tipranks - Wed Apr 15, 7:16AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Marathon Petroleum (MPC), Nabors Industries (NBR) and Plains GP Holdings (PAGP).

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Marathon Petroleum (MPC)

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Hold rating on Marathon Petroleum, with a price target of $235.00. The company’s shares closed last Monday at $225.29.

According to TipRanks.com, Parham is a 5-star analyst with an average return of 10.5% and a 64.7% success rate. Parham covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, California Resources Corp, and National Fuel Gas Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marathon Petroleum with a $233.75 average price target, representing a 3.9% upside. In a report issued on April 9, Piper Sandler also maintained a Hold rating on the stock with a $228.00 price target.

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Nabors Industries (NBR)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Sell rating on Nabors Industries, with a price target of $73.00. The company’s shares closed last Monday at $84.62.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 13.5% and a 63.2% success rate. Jayaram covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Occidental Petroleum, and Baker Hughes Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Nabors Industries with a $78.43 average price target.

Plains GP Holdings (PAGP)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Plains GP Holdings yesterday and set a price target of $24.00. The company’s shares closed last Monday at $23.58.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 9.3% and a 61.4% success rate. Tonet covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on Plains GP Holdings is a Hold with an average price target of $22.33, representing a -6.1% downside. In a report issued on March 29, TipRanks – xAI also downgraded the stock to Hold with a $26.00 price target.

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