There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Carnarvon Energy Limited (CVONF – Research Report) and Santos Limited (STOSF – Research Report) with bullish sentiments.
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Carnarvon Energy Limited (CVONF)
Jarden analyst Nik Burns maintained a Buy rating on Carnarvon Energy Limited on April 10 and set a price target of A$0.15. The company’s shares closed last Thursday at $0.08, close to its 52-week low of $0.07.
According to TipRanks.com, Burns is a 1-star analyst with an average return of -2.8% and a 42.2% success rate. Burns covers the NA sector, focusing on stocks such as Origin Energy Limited, Cooper Energy Limited, and Beach Energy Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carnarvon Energy Limited with a $0.11 average price target.
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Santos Limited (STOSF)
Macquarie analyst Mark Wiseman maintained a Buy rating on Santos Limited today and set a price target of A$8.60. The company’s shares closed last Wednesday at $3.30.
According to TipRanks.com, Wiseman is a 1-star analyst with an average return of -7.4% and a 32.5% success rate. Wiseman covers the NA sector, focusing on stocks such as Cooper Energy Limited, Beach Energy Limited, and Deep Yellow Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Santos Limited with a $4.87 average price target, a 36.8% upside from current levels. In a report issued on April 3, UBS also maintained a Buy rating on the stock with a A$8.00 price target.
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