There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Schlumberger (SLB – Research Report) and Imperial Oil (IMO – Research Report) with bullish sentiments.
Schlumberger (SLB)
In a report issued on January 19, Keith Mackey from RBC Capital maintained a Buy rating on Schlumberger, with a price target of $66.00. The company’s shares closed last Monday at $51.12.
According to TipRanks.com, Mackey is a 5-star analyst with an average return of
Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $69.00, which is a 39.2% upside from current levels. In a report issued on January 16, Benchmark Co. also maintained a Buy rating on the stock with a $67.00 price target.
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Imperial Oil (IMO)
Goldman Sachs analyst Neil Mehta maintained a Buy rating on Imperial Oil on January 18 and set a price target of C$82.00. The company’s shares closed last Monday at $55.27.
According to TipRanks.com, Mehta is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Imperial Oil with a $66.31 average price target.
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Read More on SLB:
- Schlumberger Limited Announces Operational and Financial Results
- Early notable gainers among liquid option names on January 19th
- Schlumberger (NYSE:SLB) Posts Q4 Beat; Boosts Dividend by 10%
- Options Volatility and Implied Earnings Moves Today, January 19, 2024
- SLB plans to increase share repurchases in 2024
