This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Wall Street Analysts Are Bullish on Top Energy Picks

Tipranks - Tipranks - Sat May 30, 8:44AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Cenovus Energy (CVE) and Patterson-UTI (PTEN) with bullish sentiments.

Memorial Day Sale – Claim 70% Off TipRanks

Cenovus Energy (CVE)

In a report released today, Neil Mehta from Goldman Sachs maintained a Buy rating on Cenovus Energy, with a price target of $36.00. The company’s shares closed last Friday at $27.88.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 11.3% and a 61.1% success rate. Mehta covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Par Pacific Holdings. ;'>

Cenovus Energy has an analyst consensus of Strong Buy, with a price target consensus of $32.53, a 16.0% upside from current levels. In a report issued on May 19, RBC Capital also maintained a Buy rating on the stock with a C$47.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Patterson-UTI (PTEN)

In a report released today, Keith Mackey from RBC Capital maintained a Buy rating on Patterson-UTI, with a price target of $15.00. The company’s shares closed last Friday at $11.38.

According to TipRanks.com, Mackey is a top 100 analyst with an average return of 27.2% and a 66.7% success rate. Mackey covers the NA sector, focusing on stocks such as Weatherford International, Atlas Energy Solutions, and CES Energy Solutions. ;'>

Patterson-UTI has an analyst consensus of Moderate Buy, with a price target consensus of $12.59, representing an 11.4% upside. In a report issued on May 19, Bank of America Securities also maintained a Buy rating on the stock with a $13.50 price target.

Read More on CVE:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).