There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Targa Resources (TRGP – Research Report) and Tenaris SA (TS – Research Report) with bullish sentiments.
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Targa Resources (TRGP)
In a report issued on February 23, Selman Akyol from Stifel Nicolaus maintained a Buy rating on Targa Resources, with a price target of $229.00. The company’s shares closed last Monday at $198.47, close to its 52-week high of $218.51.
According to TipRanks.com, Akyol is a top 100 analyst with an average return of 13.0% and a 71.6% success rate. Akyol covers the NA sector, focusing on stocks such as Enterprise Products Partners, Mach Natural Resources LP, and Kodiak Gas Services, Inc.
Targa Resources has an analyst consensus of Strong Buy, with a price target consensus of $224.36, representing a 12.4% upside. In a report issued on February 20, Mizuho Securities also maintained a Buy rating on the stock with a $226.00 price target.
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Tenaris SA (TS)
Stifel Nicolaus analyst Stephen Gengaro maintained a Buy rating on Tenaris SA on February 23 and set a price target of $43.00. The company’s shares closed last Monday at $37.60.
According to TipRanks.com, Gengaro is a 4-star analyst with an average return of 5.2% and a 41.7% success rate. Gengaro covers the NA sector, focusing on stocks such as Solaris Energy Infrastructure, Liberty Oilfield Services, and Oil States International.
Tenaris SA has an analyst consensus of Moderate Buy, with a price target consensus of $44.57, representing a 18.6% upside. In a report issued on February 20, Piper Sandler also maintained a Buy rating on the stock with a $48.00 price target.
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