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Analysts Offer Insights on Energy Companies: NOV (NOV), BP (BP) and Enterprise Products Partners (EPD)

Tipranks - Thu Apr 30, 3:40AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on NOV (NOV), BP (BP) and Enterprise Products Partners (EPD).

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NOV (NOV)

In a report released today, David Anderson from Barclays maintained a Hold rating on NOV, with a price target of $20.00. The company’s shares closed last Tuesday at $20.29, close to its 52-week high of $21.20.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.3% and a 55.7% success rate. Anderson covers the NA sector, focusing on stocks such as National Energy Services Reunited, Solaris Energy Infrastructure, and Weatherford International. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for NOV with a $20.75 average price target, representing a 3.7% upside. In a report issued on April 14, RBC Capital also downgraded the stock to Hold with a $21.00 price target.

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BP (BP)

Goldman Sachs analyst Michele Della Vigna maintained a Buy rating on BP today and set a price target of $55.00. The company’s shares closed last Tuesday at $46.35.

Vigna has an average return of 5.4% when recommending BP. ;'>

According to TipRanks.com, Vigna is ranked #809 out of 12215 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BP with a $49.84 average price target, which is a 7.2% upside from current levels. In a report issued on April 17, Exane BNP Paribas also upgraded the stock to Buy with a $57.00 price target.

Enterprise Products Partners (EPD)

Barclays analyst Theresa Chen maintained a Buy rating on Enterprise Products Partners today and set a price target of $41.00. The company’s shares closed last Tuesday at $38.47.

According to TipRanks.com, Chen is a top 100 analyst with an average return of 18.5% and a 75.8% success rate. Chen covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, LandBridge Company LLC Class A, and Kodiak Gas Services, Inc. ;'>

Enterprise Products Partners has an analyst consensus of Moderate Buy, with a price target consensus of $41.00, which is a 6.5% upside from current levels. In a report issued on April 15, Wells Fargo also maintained a Buy rating on the stock with a $42.00 price target.

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