There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Obsidian Energy (OBE – Research Report) and Chevron (CVX – Research Report) with bullish sentiments.
Obsidian Energy (OBE)
RBC Capital analyst Luke Davis maintained a Buy rating on Obsidian Energy on May 6 and set a price target of C$15.00. The company’s shares closed last Friday at $7.78.
According to TipRanks.com, Davis is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Obsidian Energy with a $11.17 average price target, implying a 40.5% upside from current levels. In a report issued on April 23, Stifel Nicolaus also maintained a Buy rating on the stock with a C$14.00 price target.
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Chevron (CVX)
In a report issued on May 9, Biraj Borkhataria from RBC Capital maintained a Buy rating on Chevron, with a price target of $190.00. The company’s shares closed last Friday at $165.82.
Borkhataria has an average return of
According to TipRanks.com, Borkhataria is ranked #1805 out of 8834 analysts.
Chevron has an analyst consensus of Strong Buy, with a price target consensus of $188.54, a 13.6% upside from current levels. In a report issued on April 29, Scotiabank also maintained a Buy rating on the stock with a $195.00 price target.
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