Analysts Have Conflicting Sentiments on These Energy Companies: Occidental Petroleum (OXY) and Parex Resources (OtherPARXF)
Analysts have been eager to weigh in on the Energy sector with new ratings on Occidental Petroleum (OXY – Research Report) and Parex Resources (PARXF – Research Report).
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Occidental Petroleum (OXY)
J.P. Morgan analyst Arun Jayaram maintained a Sell rating on Occidental Petroleum yesterday and set a price target of $49.00. The company’s shares closed last Monday at $52.43.
According to TipRanks.com, Jayaram is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Occidental Petroleum with a $51.07 average price target, a -2.3% downside from current levels. In a report issued on February 19, Evercore ISI also maintained a Sell rating on the stock with a $38.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
Parex Resources (PARXF)
Jefferies analyst Alejandro Demichelis maintained a Hold rating on Parex Resources yesterday and set a price target of C$24.70. The company’s shares closed last Monday at $15.92.
According to TipRanks.com, Demichelis is ranked #3396 out of 12136 analysts.
Currently, the analyst consensus on Parex Resources is a Moderate Buy with an average price target of $16.73.
