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Analysts Are Bullish on These Energy Stocks: PetroChina Company (PCCYF), Phillips 66 (PSX)

Tipranks - Fri May 1, 9:32AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on PetroChina Company (PCCYF) and Phillips 66 (PSX) with bullish sentiments.

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PetroChina Company (PCCYF)

DBS analyst Pei Hwa Ho reiterated a Buy rating on PetroChina Company today and set a price target of HK$14.50. The company’s shares closed last Thursday at $1.59.

According to TipRanks.com, Ho is a 5-star analyst with an average return of 24.0% and a 71.5% success rate. Ho covers the Utilities sector, focusing on stocks such as Sembcorp Industries, NextEra Energy, and Duke Energy. ;'>

Currently, the analyst consensus on PetroChina Company is a Strong Buy with an average price target of $1.64, which is a 20.6% upside from current levels. In a report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a HK$14.00 price target.

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Phillips 66 (PSX)

In a report released today, Stephen Richardson from Evercore ISI maintained a Buy rating on Phillips 66, with a price target of $195.00. The company’s shares closed last Thursday at $174.51.

According to TipRanks.com, Richardson is a 5-star analyst with an average return of 13.1% and a 65.3% success rate. Richardson covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Flowco Holdings Inc Class A, and Baker Hughes Company. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips 66 with a $178.78 average price target, which is a 3.6% upside from current levels. In a report issued on April 24, Morgan Stanley also upgraded the stock to Buy with a $174.00 price target.

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