Wall Street Analysts Are Bullish on Top Energy Picks
There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Devon Energy (DVN) and MPLX (MPLX) with bullish sentiments.
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Devon Energy (DVN)
Barclays analyst Betty Jiang maintained a Buy rating on Devon Energy today and set a price target of $54.00. The company’s shares closed last Tuesday at $50.99, close to its 52-week high of $55.09.
According to TipRanks.com, Jiang is a 4-star analyst with an average return of
Devon Energy has an analyst consensus of Strong Buy, with a price target consensus of $59.81, a 16.7% upside from current levels. In a report issued on May 4, Raymond James also upgraded the stock to Buy with a $72.00 price target.
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MPLX (MPLX)
Barclays analyst Theresa Chen maintained a Buy rating on MPLX today and set a price target of $58.00. The company’s shares closed last Tuesday at $55.66.
According to TipRanks.com, Chen is a top 25 analyst with an average return of
MPLX has an analyst consensus of Moderate Buy, with a price target consensus of $61.80, which is an 8.8% upside from current levels. In a report released yesterday, TipRanks – Anthropic also upgraded the stock to Buy with a $63.00 price target.
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- Neal Dingmann Reiterates Buy on Devon, Citing Strong Earnings, Robust Free Cash Flow and Coterra Merger Upside Despite Near-Term Timing Overhang
- Devon Energy reports Q1 core EPS $1.04, consensus $1.09
- Roblox downgraded, Chipotle upgraded: Wall Street’s top analyst calls
- Devon Shareholders Approve Key Steps for Coterra Merger
- Devon Energy upgraded to Strong Buy from Outperform at Raymond James
