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Analysts Are Bullish on These Energy Stocks: Targa Resources (TRGP), California Resources Corp (CRC)

Tipranks - Tipranks - Wed Mar 25, 7:04AM CDT

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

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Targa Resources (TRGP)

In a report released today, Gabriel Daoud from TD Cowen initiated coverage with a Buy rating on Targa Resources and a price target of $279.00. The company’s shares closed last Monday at $239.92.

According to TipRanks.com, Daoud is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -14.8% and a 32.5% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

Currently, the analyst consensus on Targa Resources is a Strong Buy with an average price target of $256.54, a 7.8% upside from current levels. In a report issued on March 19, Mizuho Securities also maintained a Buy rating on the stock with a $260.00 price target.

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California Resources Corp (CRC)

Roth MKM analyst Leo Mariani maintained a Buy rating on California Resources Corp yesterday and set a price target of $65.00. The company’s shares closed last Monday at $63.85.

According to TipRanks.com, Mariani is a top 25 analyst with an average return of 35.9% and a 72.8% success rate. Mariani covers the NA sector, focusing on stocks such as Occidental Petroleum, Prairie Operating Co, and Magnolia Oil & Gas. ;'>

California Resources Corp has an analyst consensus of Strong Buy, with a price target consensus of $75.27, implying a 19.3% upside from current levels. In a report issued on March 12, RBC Capital also maintained a Buy rating on the stock with a $70.00 price target.

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