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Analysts Offer Insights on Energy Companies: EnLink Midstream (ENLC), Schlumberger (SLB) and Kinetik (KNTK)

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on EnLink Midstream (ENLCResearch Report), Schlumberger (SLBResearch Report) and Kinetik (KNTKResearch Report).

EnLink Midstream (ENLC)

Mizuho Securities analyst Gabe Moreen maintained a Hold rating on EnLink Midstream on April 17 and set a price target of $14.00. The company’s shares closed last Friday at $13.59, close to its 52-week high of $14.18.

According to TipRanks.com, Moreen is a 5-star analyst with an average return of 9.9% and a 77.7% success rate. Moreen covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and Targa Resources.

EnLink Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $12.56.

See today’s best-performing stocks on TipRanks >>

Schlumberger (SLB)

In a report released today, David Anderson from Barclays maintained a Buy rating on Schlumberger, with a price target of $70.00. The company’s shares closed last Friday at $49.85.

According to TipRanks.com, Anderson is a 2-star analyst with an average return of -0.1% and a 45.6% success rate. Anderson covers the NA sector, focusing on stocks such as Weatherford International, Baker Hughes Company, and Halliburton.

Schlumberger has an analyst consensus of Strong Buy, with a price target consensus of $67.83, a 36.6% upside from current levels. In a report issued on April 8, Piper Sandler also maintained a Buy rating on the stock with a $71.00 price target.

Kinetik (KNTK)

Barclays analyst Theresa Chen maintained a Hold rating on Kinetik today and set a price target of $40.00. The company’s shares closed last Friday at $38.94, close to its 52-week high of $40.42.

According to TipRanks.com, Chen is a 5-star analyst with an average return of 16.3% and a 73.6% success rate. Chen covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Enterprise Products Partners, and Cheniere Energy Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kinetik with a $39.86 average price target.

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