Analysts Are Bullish on These Energy Stocks: Diamondback (FANG), Enbridge (ENB)

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Diamondback (FANG – Research Report), Enbridge (ENB – Research Report) and Exxon Mobil (XOM – Research Report) with bullish sentiments.

Diamondback (FANG)

In a report released today, Subash Chandra from Benchmark Co. maintained a Buy rating on Diamondback, with a price target of $154.00. The company’s shares closed last Friday at $151.74.

According to TipRanks.com, Chandra is a 4-star analyst with an average return of 10.1% and a 41.5% success rate. Chandra covers the NA sector, focusing on stocks such as Permian Resources, Chesapeake Energy, and Matador Resources.

Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $182.54.

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Enbridge (ENB)

RBC Capital analyst Robert Kwan assigned a Buy rating to Enbridge today and set a price target of C$54.00. The company’s shares closed last Friday at $34.23.

Kwan has an average return of 7.5% when recommending Enbridge.

According to TipRanks.com, Kwan is ranked #278 out of 8712 analysts.

Enbridge has an analyst consensus of Hold, with a price target consensus of $38.22.

Exxon Mobil (XOM)

In a report issued on February 7, John Royall from J.P. Morgan maintained a Buy rating on Exxon Mobil, with a price target of $123.00. The company’s shares closed last Friday at $101.77.

According to TipRanks.com, Royall is a 4-star analyst with an average return of 8.5% and a 62.8% success rate. Royall covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Par Pacific Holdings.

Currently, the analyst consensus on Exxon Mobil is a Moderate Buy with an average price target of $125.63, representing a 20.7% upside. In a report issued on February 5, Bank of America Securities also reiterated a Buy rating on the stock with a $140.00 price target.

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Read More on FANG:

• Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company
• M & A News: FANG and Endeavor Energy Nearing $25B Merger Deal
• Diamondback Energy price target lowered to $190 from $203 at Susquehanna
• Diamondback Energy price target lowered to $201 from $206 at Piper Sandler
• TD Cowen Eyes 3 Energy Stocks Ahead of Earnings