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Analysts Offer Insights on Energy Companies: EQT (EQT), Phillips 66 (PSX) and Halliburton (HAL)

Tipranks - Thu Jul 23, 5:58AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on EQT (EQT), Phillips 66 (PSX) and Halliburton (HAL).

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EQT (EQT)

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Hold rating on EQT, with a price target of $56.00. The company’s shares closed last Tuesday at $49.80.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 7.7% and a 56.6% success rate. Sorbara covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Comstock Resources, and Magnolia Oil & Gas. ;'>

EQT has an analyst consensus of Strong Buy, with a price target consensus of $69.13, implying a 40.8% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $52.00 price target.

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Phillips 66 (PSX)

Bank of America Securities analyst Jean Ann Salisbury maintained a Hold rating on Phillips 66 today and set a price target of $213.00. The company’s shares closed last Tuesday at $212.27.

According to TipRanks.com, Salisbury is a 4-star analyst with an average return of 6.3% and a 68.8% success rate. Salisbury covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Marathon Petroleum. ;'>

Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $205.53, implying a -2.5% downside from current levels. In a report issued on July 16, TipRanks – PerPlexity also downgraded the stock to Hold with a $220.00 price target.

Halliburton (HAL)

Morgan Stanley analyst Joe Laetsch maintained a Buy rating on Halliburton today and set a price target of $40.00. The company’s shares closed last Tuesday at $33.19.

According to TipRanks.com, Laetsch is a 4-star analyst with an average return of 7.6% and a 60.0% success rate. Laetsch covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Delek US Holdings. ;'>

Halliburton has an analyst consensus of Strong Buy, with a price target consensus of $44.15, representing a 32.5% upside. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $39.00 price target.

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