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Analysts’ Top Energy Picks: Targa Resources (TRGP), Williams Co (WMB)

Tipranks - Tipranks - Wed May 6, 5:00AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Targa Resources (TRGP) and Williams Co (WMB) with bullish sentiments.

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Targa Resources (TRGP)

Wells Fargo analyst Michael Blum maintained a Buy rating on Targa Resources on April 30 and set a price target of $264.00. The company’s shares closed last Monday at $258.98.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 16.4% and a 71.6% success rate. Blum covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Enterprise Products Partners. ;'>

Targa Resources has an analyst consensus of Strong Buy, with a price target consensus of $267.14, which is a 5.1% upside from current levels. In a report issued on April 20, Goldman Sachs also maintained a Buy rating on the stock with a $268.00 price target.

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Williams Co (WMB)

Wells Fargo analyst Praneeth Satish maintained a Buy rating on Williams Co on April 30 and set a price target of $89.00. The company’s shares closed last Monday at $75.41.

Satish has an average return of 24.4% when recommending Williams Co. ;'>

According to TipRanks.com, Satish is ranked #2293 out of 12228 analysts.

Currently, the analyst consensus on Williams Co is a Strong Buy with an average price target of $82.06, representing an 8.9% upside. In a report issued on April 19, Goldman Sachs also upgraded the stock to Buy with a $82.00 price target.

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