Analysts Conflicted on These Energy Names: Targa Resources (TRGP) and Obsidian Energy (OBE)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Targa Resources (TRGP – Research Report) and Obsidian Energy (OBE – Research Report).
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Targa Resources (TRGP)
In a report released today, Michael Blum from Wells Fargo maintained a Buy rating on Targa Resources, with a price target of $248.00. The company’s shares closed last Thursday at $224.16.
According to TipRanks.com, Blum is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Targa Resources with a $230.43 average price target, a -0.6% downside from current levels. In a report released today, TipRanks – DeepSeek also upgraded the stock to Buy with a $257.00 price target.
See the top stocks recommended by analysts >>
Obsidian Energy (OBE)
In a report released yesterday, Rob Mann from RBC Capital maintained a Hold rating on Obsidian Energy, with a price target of $10.00. The company’s shares closed last Thursday at $7.60.
According to TipRanks.com, Mann is ranked #3027 out of 12109 analysts.
Currently, the analyst consensus on Obsidian Energy is a Moderate Buy with an average price target of $8.65, which is a 15.3% upside from current levels. In a report issued on February 4, TipRanks – Google also initiated coverage with a Hold rating on the stock with a C$10.50 price target.
