There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Weatherford International (WFRD – Research Report) and Matador Resources (MTDR – Research Report) with bullish sentiments.
Weatherford International (WFRD)
Bank of America Securities analyst Saurabh Pant reiterated a Buy rating on Weatherford International today and set a price target of $145.00. The company’s shares closed last Friday at $127.97, close to its 52-week high of $129.70.
According to TipRanks.com, Pant is a 3-star analyst with an average return of
Currently, the analyst consensus on Weatherford International is a Strong Buy with an average price target of $158.20, which is a 28.0% upside from current levels. In a report issued on April 23, Goldman Sachs also maintained a Buy rating on the stock.
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Matador Resources (MTDR)
Wells Fargo analyst Hanwen Chang maintained a Buy rating on Matador Resources yesterday and set a price target of $85.00. The company’s shares closed last Friday at $65.61.
According to TipRanks.com, Chang is a 4-star analyst with an average return of
Matador Resources has an analyst consensus of Strong Buy, with a price target consensus of $77.56, a 19.3% upside from current levels. In a report issued on April 19, Truist Financial also maintained a Buy rating on the stock.
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Read More on WFRD:
- Weatherford price target raised to $160 from $135 at Barclays
- Weatherford price target raised to $151 from $130 at Evercore ISI
- Weatherford price target raised to $184 from $180 at Piper Sandler
- Weatherford backs FY24 revenue growth view between double digits and low teens
- Weatherford reports Q1 EPS $1.50, consensus $1.44
