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According to EnergyStockMovers.com, there are a few energy stocks that have appeared to be trending from recent buy ratings and showing positive investor sentiment, as well as news headlines. With that said, the editors over at EnergyStockMovers.com, are adding them to their watchlist.
Summary: Diamondback Energy, Inc. is an independent oil and gas exploration & production company, with its primary focus on the Permian Basin. The upstream operator focuses on growth through a combination of acquisitions and active drilling in America's hottest and lowest-cost shale region. The Permian `Super' BasinA sedimentary basin lying underneath the western part of Texas and the south-eastern part of New Mexico.
Mark Lear analyst at Piper Sandler reiterates coverage on Diamondback (FANG) in the health sector with a Buy rating and has set a price target of $ 196.
TipRanks.com reports that Diamondback currently has 17 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target of $189.06.
In addition, TradingView issued a Buy rating for FANG over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on FANG.
For the complete breakdown on FANG, please click here >>
Glencore, GLCNF
Summary: Glencore PLC, formerly Glencore Xstrata PLC, was incorporated in 2011. The Company is an integrated producer and marketer of commodities, with activities in the marketing of metals and minerals, energy products and agricultural products and the production, refinement, processing, storage and transport of these products. It operates globally, marketing and distributing physical commodities sourced from third party producers and own production to industrial consumers. It also provides financing, logistics and other services to producers and consumers of commodities. The Company has three core business segments - metals and minerals, energy products and agricultural products. Metals and minerals involved xinc, copper, lead, alumina, aluminium, ferro alloys, nickel, cobalt and iron ore, including smelting, refining, mining, processing and storage related operations of the relevant commodities. Energy products involved crude oil, oil products, steam coal and metallurgical coal supported by investments in coal mining and oil production operations, ports, vessels and storage facilities. Agriculture products involved wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar supported by investments in farming, storage, handling, processing and port facilities. The Company's operations are subject to various environmental laws and regulations.
Geydar Mamedov analyst at Goldman Sachs reiterates coverage on Glencore (GLCNF) in the health sector with a Buy rating and has set a price target of $ 8.87.
TipRanks.com reports that Glencore currently has 11 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target of $8.62.
In addition, TradingView issued a n/a rating for GLCNF over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Neutral short-term outlook. Remember, securities are volatile, so please do your own research on GLCNF.
For the complete breakdown on GLCNF, please click here >>
Devon Energy, DVN
Summary: Devon Energy Corporation is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company's oil and gas operations are mainly concentrated in the onshore areas of North America, primarily in the United States. In June 2019, Devon completed the sale of substantially all oil and gas assets, as well as operations in Canada. In October 2020, the company completed the sale of Barnett Shale assets. In aggregate, estimated proved reserves associated with these assets were 400 MMBoe (million barrels of oil equivalent), accounting for 21% of total proved reserves.Subsequent to the sale of Devon's Canadian business, its oil and gas exploration and production activities are solely concentrated in the United States. After completion of the Barnett Shale gas assets sale, the company will concentrate on oil assets in the United States.
Vincent Lovaglio analyst at Mizuho Securities reiterates coverage on Devon Energy (DVN) in the health sector with a Buy rating and has set a price target of $ 94.
TipRanks.com reports that Devon Energy currently has 18 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target of $82.06.
In addition, TradingView issued a Buy rating for DVN over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on DVN.
For the complete breakdown on DVN, please click here >>
Exxon Mobil, XOM
Summary: ExxonMobil's bellwether status in the energy space, optimal integrated capital structure that has historically produced industry-leading returns and management's track record of capex discipline across the commodity price cycle make it a relatively lower-risk energy sector play. The company owns some of the most prolific upstream assets globally. Other aspects of the company's story include the largest global refining operations, substantial chemicals assets and a dividend history and credit profile that are second to none in the space. ExxonMobil's capital spending discipline is quite aggressive. The company has a plan in place to allocate significant proportion of its budget to key oil and gas projects. The company's business perspective looks different from most peers since big oil rivals have pledged to lower carbon emissions to tackle climate change. ExxonMobil divides its operations into three main segments: Upstream, Downstream and Chemical.
Neil Mehta analyst at Goldman Sachs reiterates coverage on Exxon Mobil (XOM) in the health sector with a Buy rating and has set a price target of $ 117.
TipRanks.com reports that Exxon Mobil currently has 17 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target of $101.57.
In addition, TradingView issued a Buy rating for XOM over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on XOM.
For the complete breakdown on XOM, please click here >>
Chevron, CVX
Summary: Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, Chevron is fully integrated, meaning it participates in every aspect related to energy from oil production, to refining and marketing. Chevron remains well positioned to navigate the volatility in oil and gas prices.Being an integrated firm engaged in all aspects of the oil and gas business. Chevron divides its operations into two main segments: Upstream and Downstream. Chevron's other activities include transportation and chemicals. Chevron's current oil and gas development project pipeline is among the best in the industry.
Manav Gupta analyst at Credit Suisse reiterates coverage on Chevron (CVX) in the health sector with a Buy rating and has set a price target of $ 202.
TipRanks.com reports that Chevron currently has 18 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target of $179.72.
In addition, TradingView issued a Buy rating for CVX over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on CVX.
For the complete breakdown on CVX, please click here >>
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