Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Marathon Petroleum (MPC – Research Report) and Kinetik (KNTK – Research Report).
Marathon Petroleum (MPC)
Mizuho Securities analyst Nitin Kumar CFA maintained a Hold rating on Marathon Petroleum on January 30 and set a price target of $159.00. The company’s shares closed last Wednesday at $165.60, close to its 52-week high of $170.18.
According to TipRanks.com, CFA 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 Marathon Petroleum with a $167.73 average price target, implying a -1.3% downside from current levels. In a report issued on January 24, Citi also initiated coverage with a Hold rating on the stock with a $155.00 price target.
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Kinetik (KNTK)
In a report issued on January 30, Gabe Moreen from Mizuho Securities reiterated a Buy rating on Kinetik, with a price target of $39.00. The company’s shares closed last Wednesday at $32.52.
According to TipRanks.com, Moreen is a 5-star analyst with an average return of
Currently, the analyst consensus on Kinetik is a Moderate Buy with an average price target of $33.33, which is a -0.6% downside from current levels. In a report issued on January 28, Goldman Sachs also maintained a Buy rating on the stock.
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Read More on MPC:
- MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
- Marathon Petroleum sees FY24 capital spending $1.25B
- Marathon Petroleum reports Q4 adjusted EPS $3.98, consensus $2.21
- Marathon Petroleum Corp. Reports Fourth-Quarter 2023 Results
- Marathon Petroleum Corp. Announces Quarterly Dividend
