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Analysts Offer Insights on Energy Companies: Northern Oil And Gas (NOG) and Phillips 66 (PSX)

Tipranks - Tue Mar 24, 6:46PM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Northern Oil And Gas (NOG) and Phillips 66 (PSX).

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Northern Oil And Gas (NOG)

Bank of America Securities analyst Noah Hungness reiterated a Buy rating on Northern Oil And Gas today and set a price target of $32.00. The company’s shares closed last Monday at $28.60, close to its 52-week low of $26.60.

According to TipRanks.com, Hungness is a 4-star analyst with an average return of 6.5% and a 57.5% success rate. Hungness covers the NA sector, focusing on stocks such as Kimbell Royalty Partners, Granite Ridge Resources, and Magnolia Oil & Gas. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Northern Oil And Gas with a $29.67 average price target, a 4.6% upside from current levels. In a report issued on March 11, Citi also maintained a Buy rating on the stock with a $34.00 price target.

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Phillips 66 (PSX)

In a report released today, Jean Ann Salisbury from Bank of America Securities reiterated a Hold rating on Phillips 66, with a price target of $183.00. The company’s shares closed last Monday at $176.76.

According to TipRanks.com, Salisbury is a 4-star analyst with an average return of 8.1% and a 66.0% success rate. Salisbury covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Cheniere Energy Partners, and Occidental Petroleum. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips 66 with a $158.06 average price target, which is a -7.6% downside from current levels. In a report issued on March 17, Mizuho Securities also maintained a Hold rating on the stock with a $170.00 price target.

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