There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Ecopetrol SA (EC – Research Report), Targa Resources (TRGP – Research Report) and New Fortress Energy (NFE – Research Report) with bullish sentiments.
Ecopetrol SA (EC)
In a report released today, Frank McGann from Bank of America Securities maintained a Buy rating on Ecopetrol SA, with a price target of $15.35. The company’s shares closed last Tuesday at $11.09.
McGann has an average return of
According to TipRanks.com, McGann is ranked #7240 out of 8348 analysts.
Ecopetrol SA has an analyst consensus of Moderate Buy, with a price target consensus of $13.13.
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Targa Resources (TRGP)
Bank of America Securities analyst Chase Mulvehill reiterated a Buy rating on Targa Resources yesterday and set a price target of $94.00. The company’s shares closed last Tuesday at $74.10.
According to TipRanks.com, Mulvehill is a 1-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 $98.50 average price target, a 30.3% upside from current levels. In a report issued on February 16, Seaport Global also maintained a Buy rating on the stock with a $87.00 price target.
New Fortress Energy (NFE)
Bank of America Securities analyst Cameron Lochridge reiterated a Buy rating on New Fortress Energy yesterday and set a price target of $67.00. The company’s shares closed last Tuesday at $32.99.
According to TipRanks.com, Lochridge is ranked #4971 out of 8348 analysts.
New Fortress Energy has an analyst consensus of Strong Buy, with a price target consensus of $55.38, a 44.4% upside from current levels. In a report issued on February 15, Morgan Stanley also maintained a Buy rating on the stock with a $50.00 price target.
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Read More on EC:
- Ecopetrol dispels local news reports regarding resignation of Cano from board
- Ecopetrol downgraded to Hold from Buy at HSBC
- Ecopetrol downgraded to Neutral from Buy at UBS
- Ecopetrol announces CEO Pardo to leave company in March
- Ecopetrol announces union files petition on collective bargaining agreement
