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Wall Street Analysts Are Bullish on Top Energy Picks

Tipranks - Tue Jun 2, 7:56AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Tamarack Valley Energy (TNEYF), Uranium Energy (UEC) and Sable Offshore (SOC) with bullish sentiments.

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Tamarack Valley Energy (TNEYF)

In a report issued on May 29, Michael Harvey from RBC Capital reiterated a Buy rating on Tamarack Valley Energy, with a price target of C$15.00. The company’s shares closed last Friday at $9.23.

According to TipRanks.com, Harvey is a top 100 analyst with an average return of 26.4% and a 67.1% success rate. Harvey covers the NA sector, focusing on stocks such as Headwater Exploration, Paramount Resources, and Freehold Royalties. ;'>

Tamarack Valley Energy has an analyst consensus of Strong Buy, with a price target consensus of $11.01, representing a 18.0% upside. In a report issued on May 19, Roth MKM also initiated coverage with a Buy rating on the stock with a C$15.00 price target.

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Uranium Energy (UEC)

In a report released yesterday, Brian K. Lee from Goldman Sachs maintained a Buy rating on Uranium Energy, with a price target of $18.00. The company’s shares closed last Friday at $13.77.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 3.6% and a 48.2% success rate. Lee covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uranium Energy with a $20.69 average price target, a 54.2% upside from current levels. In a report issued on May 20, H.C. Wainwright also reiterated a Buy rating on the stock with a $26.75 price target.

Sable Offshore (SOC)

Roth MKM analyst Leo Mariani maintained a Buy rating on Sable Offshore today and set a price target of $14.65. The company’s shares closed last Friday at $14.65.

According to TipRanks.com, Mariani is a top 100 analyst with an average return of 35.7% and a 71.9% success rate. Mariani covers the NA sector, focusing on stocks such as Tamboran Resources Corporation, California Resources Corp, and Prairie Operating Co. ;'>

Currently, the analyst consensus on Sable Offshore is a Moderate Buy with an average price target of $19.55.

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