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Analysts’ Opinions Are Mixed on These Energy Stocks: California Resources Corp (CRC), Murphy Oil (MUR) and Permian Resources (PR)

Tipranks - Tipranks - Fri May 15, 7:24AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on California Resources Corp (CRC), Murphy Oil (MUR) and Permian Resources (PR).

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California Resources Corp (CRC)

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Buy rating on California Resources Corp, with a price target of $83.00. The company’s shares closed last Wednesday at $59.32, close to its 52-week high of $60.41.

According to TipRanks.com, Parham is a 4-star analyst with an average return of 9.2% and a 60.4% success rate. Parham covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, National Fuel Gas Company, and HF Sinclair Corporation. ;'>

Currently, the analyst consensus on California Resources Corp is a Strong Buy with an average price target of $78.90, a 32.4% upside from current levels. In a report issued on May 10, RBC Capital also maintained a Buy rating on the stock with a $87.00 price target.

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Murphy Oil (MUR)

J.P. Morgan analyst Arun Jayaram maintained a Hold rating on Murphy Oil yesterday and set a price target of $46.00. The company’s shares closed last Wednesday at $38.46.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 12.4% and a 62.9% success rate. Jayaram covers the NA sector, focusing on stocks such as National Energy Services Reunited, Flowco Holdings Inc Class A, and Occidental Petroleum. ;'>

Currently, the analyst consensus on Murphy Oil is a Hold with an average price target of $42.15, an 8.8% upside from current levels. In a report issued on May 9, TipRanks – Google also downgraded the stock to Hold with a $38.00 price target.

Permian Resources (PR)

In a report released yesterday, Neil Mehta from Goldman Sachs maintained a Buy rating on Permian Resources, with a price target of $23.00. The company’s shares closed last Wednesday at $20.24.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 12.0% and a 62.2% success rate. Mehta covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Par Pacific Holdings. ;'>

Currently, the analyst consensus on Permian Resources is a Strong Buy with an average price target of $24.09, representing a 19.6% upside. In a report issued on May 4, William Blair also maintained a Buy rating on the stock.

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