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Analysts Offer Insights on Energy Companies: Pedevco (PED) and PetroChina Company (OtherPCCYF)

Tipranks - Thu Apr 2, 9:06AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Pedevco (PED) and PetroChina Company (PCCYF) with bullish sentiments.

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Pedevco (PED)

In a report released today, Nicholas Pope from Roth MKM reiterated a Buy rating on Pedevco, with a price target of $18.00. The company’s shares closed last Wednesday at $15.67.

According to TipRanks.com, Pope is a 4-star analyst with an average return of 8.9% and a 61.4% success rate. Pope covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Riley Exploration Permian, and Evolution Petroleum. ;'>

Pedevco has an analyst consensus of Moderate Buy, with a price target consensus of $18.00.

See today’s best-performing stocks on TipRanks >>

PetroChina Company (PCCYF)

In a report released today, Jack Lu, CFA from Morgan Stanley maintained a Buy rating on PetroChina Company, with a price target of HK$13.25. The company’s shares closed last Tuesday at $1.36.

CFA has an average return of 73.5% when recommending PetroChina Company. ;'>

According to TipRanks.com, CFA is ranked #2080 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PetroChina Company with a $1.50 average price target, representing an 11.2% upside. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$10.00 price target.

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