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Analysts Have Conflicting Sentiments on These Energy Companies: ARKO Petroleum Corp. Class A (APC), Enbridge (ENB) and Targa Resources (TRGP)

Tipranks - Wed May 13, 7:56AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on ARKO Petroleum Corp. Class A (APC), Enbridge (ENB) and Targa Resources (TRGP).

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ARKO Petroleum Corp. Class A (APC)

In a report released today, Gabe Moreen from Mizuho Securities maintained a Hold rating on ARKO Petroleum Corp. Class A, with a price target of $20.00. The company’s shares closed last Monday at $20.09, close to its 52-week high of $20.30.

According to TipRanks.com, Moreen is a top 100 analyst with an average return of 16.5% and a 78.5% success rate. Moreen covers the NA sector, focusing on stocks such as Enterprise Products Partners, Venture Global, Inc. Class A, and Plains All American. ;'>

ARKO Petroleum Corp. Class A has an analyst consensus of Strong Buy, with a price target consensus of $22.00.

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Enbridge (ENB)

Raymond James analyst Justin Jenkins maintained a Buy rating on Enbridge yesterday and set a price target of C$80.00. The company’s shares closed last Monday at $54.46.

According to TipRanks.com, Jenkins is a top 25 analyst with an average return of 22.9% and a 78.3% success rate. Jenkins covers the NA sector, focusing on stocks such as ARKO Petroleum Corp. Class A, HF Sinclair Corporation, and Par Pacific Holdings. ;'>

Currently, the analyst consensus on Enbridge is a Moderate Buy with an average price target of $57.46, a 6.1% upside from current levels. In a report issued on April 27, RBC Capital also maintained a Buy rating on the stock with a C$76.00 price target.

Targa Resources (TRGP)

In a report released today, Robert Kad from Morgan Stanley maintained a Buy rating on Targa Resources, with a price target of $331.00. The company’s shares closed last Monday at $253.18.

According to TipRanks.com, Kad is a 4-star analyst with an average return of 9.3% and a 61.0% success rate. Kad covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Hess Midstream Partners. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Targa Resources with a $273.07 average price target, representing a 9.4% upside. In a report issued on May 7, TipRanks – Anthropic also upgraded the stock to Buy with a $277.00 price target.

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