Analysts’ Opinions Are Mixed on These Energy Stocks: TechnipFMC (FTI), Williams Co (WMB) and Cenovus Energy (CVE)

Analysts have been eager to weigh in on the Energy sector with new ratings on TechnipFMC (FTI – Research Report), Williams Co (WMB – Research Report) and Cenovus Energy (CVE – Research Report).

TechnipFMC (FTI)

Benchmark Co. analyst Kurt Hallead maintained a Buy rating on TechnipFMC today and set a price target of $25.00. The company’s shares closed last Friday at $20.14.

According to TipRanks.com, Hallead is a 4-star analyst with an average return of 3.0% and a 38.6% success rate. Hallead covers the NA sector, focusing on stocks such as Noble Corporation PLC Class A, Weatherford International, and Oceaneering International.

TechnipFMC has an analyst consensus of Moderate Buy, with a price target consensus of $25.59, a 26.7% upside from current levels. In a report issued on December 21, BTIG also maintained a Buy rating on the stock with a $28.00 price target.

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Williams Co (WMB)

In a report released today, Tristan Richardson from Scotiabank maintained a Hold rating on Williams Co, with a price target of $36.00. The company’s shares closed last Friday at $34.83.

According to TipRanks.com, Richardson is a 4-star analyst with an average return of 5.4% and a 54.1% success rate. Richardson covers the NA sector, focusing on stocks such as Enterprise Products Partners, Targa Resources, and Kinder Morgan.

Williams Co has an analyst consensus of Moderate Buy, with a price target consensus of $38.64, which is a 10.3% upside from current levels. In a report issued on December 27, Truist Financial also maintained a Hold rating on the stock with a $35.00 price target.

Cenovus Energy (CVE)

RBC Capital analyst Gregory Pardy maintained a Buy rating on Cenovus Energy today and set a price target of C$30.00. The company’s shares closed last Friday at $16.65.

According to TipRanks.com, Pardy is a 5-star analyst with an average return of 22.3% and a 61.5% success rate. Pardy covers the NA sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Suncor Energy.

Currently, the analyst consensus on Cenovus Energy is a Strong Buy with an average price target of $24.45, implying a 46.4% upside from current levels. In a report issued on December 21, Jefferies also maintained a Buy rating on the stock with a C$34.00 price target.

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Read More on FTI:

• One Equity Partners to acquire TechnipFMC’s Measurement Solutions business
• TechnipFMC to sell Measurement Solutions Business for $205M in cash
• TechnipFMC downgraded to Neutral from Outperform at Exane BNP Paribas