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Analysts Have Conflicting Sentiments on These Energy Companies: Western Midstream Partners (WES), Permian Resources (PR) and SM Energy (SM)

Tipranks - Fri May 8, 9:00AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Western Midstream Partners (WES), Permian Resources (PR) and SM Energy (SM).

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Western Midstream Partners (WES)

Stifel Nicolaus analyst Selman Akyol maintained a Hold rating on Western Midstream Partners today and set a price target of $42.00. The company’s shares closed last Thursday at $41.61.

According to TipRanks.com, Akyol is a top 100 analyst with an average return of 15.6% and a 74.3% success rate. Akyol covers the NA sector, focusing on stocks such as Enterprise Products Partners, ARKO Petroleum Corp. Class A, and Natural Gas Services Group. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Western Midstream Partners with a $41.40 average price target, a -2.0% downside from current levels. In a report issued on April 22, RBC Capital also maintained a Hold rating on the stock with a $40.00 price target.

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Permian Resources (PR)

Scotiabank analyst Betty Zhang maintained a Buy rating on Permian Resources today and set a price target of $25.00. The company’s shares closed last Thursday at $19.71.

According to TipRanks.com, Zhang is a 4-star analyst with an average return of 22.6% and a 87.0% success rate. Zhang covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Clean Energy Fuels. ;'>

Permian Resources has an analyst consensus of Strong Buy, with a price target consensus of $24.09, implying a 18.1% upside from current levels. In a report issued on May 4, William Blair also maintained a Buy rating on the stock.

SM Energy (SM)

In a report released today, Gabriel Daoud from Truist Financial maintained a Buy rating on SM Energy. The company’s shares closed last Thursday at $27.59, close to its 52-week low of $26.66.

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. ;'>

SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $36.00, which is a 30.8% upside from current levels. In a report issued on April 22, TipRanks – xAI also reiterated a Buy rating on the stock with a $30.00 price target.

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