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Analysts Offer Insights on Energy Companies: Occidental Petroleum (OXY) and Pembina Pipeline (PBA)

Tipranks - Fri May 22, 3:24AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Occidental Petroleum (OXY) and Pembina Pipeline (PBA).

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Occidental Petroleum (OXY)

Occidental Petroleum received a Hold rating and a $64.00 price target from Goldman Sachs analyst Neil Mehta yesterday. The company’s shares closed last Wednesday at $58.87.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 12.4% and a 63.4% success rate. Mehta covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Par Pacific Holdings, and Marathon Petroleum. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Occidental Petroleum with a $62.94 average price target, representing a 4.0% upside. In a report issued on May 9, TipRanks – PerPlexity also downgraded the stock to Hold with a $58.00 price target.

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Pembina Pipeline (PBA)

According to TipRanks.com, Chen is a top 100 analyst with an average return of 19.5% and a 77.1% success rate. Chen covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, LandBridge Company LLC Class A, and Enterprise Products Partners. ;'>

Pembina Pipeline has an analyst consensus of Moderate Buy, with a price target consensus of $49.17, implying a -0.4% downside from current levels. In a report issued on May 18, Citi also downgraded the stock to Buy with a C$70.00 price target.

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