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Analysts Are Bullish on Top Energy Stocks: Suncor Energy (SU), NOV (NOV)

Tipranks - Fri Apr 17, 7:19AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Suncor Energy (SU) and NOV (NOV) with bullish sentiments.

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Suncor Energy (SU)

In a report released yesterday, Neil Mehta from Goldman Sachs maintained a Buy rating on Suncor Energy, with a price target of $73.00. The company’s shares closed last Wednesday at $62.97.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 11.2% and a 61.9% success rate. Mehta covers the NA sector, focusing on stocks such as Occidental Petroleum, Par Pacific Holdings, and Marathon Petroleum. ;'>

Currently, the analyst consensus on Suncor Energy is a Moderate Buy with an average price target of $67.67, representing a 6.6% upside. In a report issued on April 1, BMO Capital also maintained a Buy rating on the stock with a C$100.00 price target.

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NOV (NOV)

In a report released yesterday, Charles Minervino from Susquehanna maintained a Buy rating on NOV, with a price target of $22.00. The company’s shares closed last Wednesday at $19.02.

According to TipRanks.com, Minervino is a 5-star analyst with an average return of 16.7% and a 63.3% success rate. Minervino covers the NA sector, focusing on stocks such as Oil States International, Occidental Petroleum, and Baker Hughes Company. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for NOV with a $20.33 average price target.

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