May 3, 2024

Wall Street Analysts Are Bullish on Top Energy Picks

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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 Peabody Energy Comm (BTU – Research Report) with bullish sentiments.

Obsidian Energy (OBE)

Stifel Nicolaus analyst Cody Kwong maintained a Buy rating on Obsidian Energy today and set a price target of C$14.00. The company’s shares closed last Thursday at $7.97.

According to TipRanks.com, Kwong is a 5-star analyst with an average return of 23.5% and a 54.5% success rate. Kwong covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Headwater Exploration.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Obsidian Energy with a $11.10 average price target, representing a 34.1% upside. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a C$15.00 price target.

See the top stocks recommended by analysts >>

Peabody Energy Comm (BTU)

In a report released today, Nathan Martin from Benchmark Co. reiterated a Buy rating on Peabody Energy Comm, with a price target of $28.00. The company’s shares closed last Thursday at $21.54.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 28.7% and a 62.7% success rate. Martin covers the Basic Materials sector, focusing on stocks such as Alpha Metallurgical Resources, Warrior Met Coal, and Ramaco Resources.

Peabody Energy Comm has an analyst consensus of Strong Buy, with a price target consensus of $28.50.

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