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Analysts Offer Insights on Energy Companies: TC Energy (TRP) and Conocophillips (COP)

Tipranks - Tipranks - Thu Jul 9, 6:46AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on TC Energy (TRP) and Conocophillips (COP) with bullish sentiments.

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TC Energy (TRP)

In a report released today, Maurice Choy from RBC Capital maintained a Buy rating on TC Energy, with a price target of C$104.00. The company’s shares closed last Tuesday at $68.80.

According to TipRanks.com, Choy is a 5-star analyst with an average return of 18.5% and a 84.0% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, TransAlta, and Fortis. ;'>

TC Energy has an analyst consensus of Moderate Buy, with a price target consensus of $71.00, implying a 5.6% upside from current levels. In a report released today, Wells Fargo also assigned a Buy rating to the stock with a C$106.00 price target.

See today’s best-performing stocks on TipRanks >>

Conocophillips (COP)

BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on Conocophillips today and set a price target of $135.00. The company’s shares closed last Tuesday at $108.44.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 6.6% and a 49.3% success rate. Jungwirth covers the NA sector, focusing on stocks such as Flowco Holdings Inc Class A, Weatherford International, and HF Sinclair Corporation. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Conocophillips with a $141.29 average price target, which is a 34.9% upside from current levels. In a report issued on June 29, Morgan Stanley also maintained a Buy rating on the stock with a $146.00 price target.

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