Analysts Are Bullish on Top Energy Stocks: Baker Hughes Company (BKR), Phillips 66 (PSX)
There's a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Baker Hughes Company (BKR – Research Report) and Phillips 66 (PSX – Research Report) with bullish sentiments.
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Baker Hughes Company (BKR)
In a report issued on April 24, Arun Jayaram from J.P. Morgan maintained a Buy rating on Baker Hughes Company, with a price target of $48.00. The company's shares closed last Friday at $36.45.
According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 6.8% and a 50.1% success rate. Jayaram covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Noble Corporation PLC Class A, and Occidental Petroleum.
Baker Hughes Company has an analyst consensus of Strong Buy, with a price target consensus of $50.80, which is a 41.3% upside from current levels. In a report issued on April 14, Susquehanna also maintained a Buy rating on the stock with a $48.00 price target.
Phillips 66 (PSX)
TD Cowen analyst Jason Gabelman maintained a Buy rating on Phillips 66 yesterday and set a price target of $114.00. The company's shares closed last Friday at $103.97.
According to TipRanks.com, Gabelman is a 4-star analyst with an average return of 4.9% and a 50.0% success rate. Gabelman covers the NA sector, focusing on stocks such as Calumet Specialty Products, HF Sinclair Corporation, and Par Pacific Holdings.
Phillips 66 has an analyst consensus of Moderate Buy, with a price target consensus of $132.94, representing a 28.7% upside. In a report issued on April 15, Bank of America Securities also maintained a Buy rating on the stock.
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