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Analysts Are Bullish on These Energy Stocks: EOG Resources (EOG), MPLX (MPLX)

Tipranks - Thu May 7, 12:12PM CDT

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

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EOG Resources (EOG)

In a report released today, Lloyd Byrne from Jefferies maintained a Buy rating on EOG Resources, with a price target of $170.00. The company’s shares closed last Wednesday at $134.90.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 22.9% and a 62.6% success rate. Byrne covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Baker Hughes Company, and Antero Resources. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EOG Resources with a $153.16 average price target, which is a 12.6% upside from current levels. In a report released today, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $177.00 price target.

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MPLX (MPLX)

In a report released today, Gabriel Daoud from Truist Financial maintained a Buy rating on MPLX. The company’s shares closed last Wednesday at $54.77, close to its 52-week high of $54.87.

According to TipRanks.com, Daoud has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -11.9% and a 39.9% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

MPLX has an analyst consensus of Moderate Buy, with a price target consensus of $61.22, which is a 10.5% 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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