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Analysts Are Bullish on These Energy Stocks: Valero Energy (VLO), Propetro Holding (PUMP)

Tipranks - Sat Apr 11, 7:22AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Valero Energy (VLO), Propetro Holding (PUMP) and Targa Resources (TRGP) with bullish sentiments.

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Valero Energy (VLO)

In a report released yesterday, Zach Parham from J.P. Morgan maintained a Buy rating on Valero Energy, with a price target of $285.00. The company’s shares closed last Thursday at $235.10.

According to TipRanks.com, Parham is a 5-star analyst with an average return of 10.2% and a 65.6% success rate. Parham covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, California Resources Corp, and National Fuel Gas Company. ;'>

Valero Energy has an analyst consensus of Moderate Buy, with a price target consensus of $244.56, implying a 1.9% upside from current levels. In a report issued on March 25, TipRanks – xAI also upgraded the stock to Buy with a $264.00 price target.

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Propetro Holding (PUMP)

J.P. Morgan analyst Arun Jayaram maintained a Buy rating on Propetro Holding yesterday and set a price target of $15.00. The company’s shares closed last Thursday at $13.65.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 14.6% and a 63.3% success rate. Jayaram covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Occidental Petroleum, and Baker Hughes Company. ;'>

Currently, the analyst consensus on Propetro Holding is a Moderate Buy with an average price target of $16.50, which is a 18.3% upside from current levels. In a report issued on March 30, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $18.00 price target.

Targa Resources (TRGP)

J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on Targa Resources yesterday and set a price target of $286.00. The company’s shares closed last Thursday at $244.75.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 8.9% and a 60.9% success rate. Tonet covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Targa Resources with a $261.07 average price target, representing a 6.7% upside. In a report issued on March 31, Wells Fargo also maintained a Buy rating on the stock with a $264.00 price target.

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