Analysts have been eager to weigh in on the Utilities sector with new ratings on Vital Energy (VTLE – Research Report) and Pioneer Natural (PXD – Research Report).
Vital Energy (VTLE)
J.P. Morgan analyst Zach Parham maintained a Sell rating on Vital Energy yesterday and set a price target of $54.00. The company’s shares closed last Tuesday at $49.80, close to its 52-week low of $45.70.
According to TipRanks.com, Parham is a 3-star analyst with an average return of 2.4% and a 55.6% success rate. Parham covers the Utilities sector, focusing on stocks such as National Fuel Gas Company, Magnolia Oil & Gas, and Permian Resources.
Vital Energy has an analyst consensus of Hold, with a price target consensus of $77.33, a 54.3% upside from current levels. In a report issued on January 9, Mizuho Securities also initiated coverage with a Sell rating on the stock with a $55.00 price target.
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Pioneer Natural (PXD)
In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Hold rating on Pioneer Natural, with a price target of $260.00. The company’s shares closed last Tuesday at $237.90.
According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 11.8% and a 55.6% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Southwestern Energy, Antero Resources, and Vermilion Energy.
Currently, the analyst consensus on Pioneer Natural is a Moderate Buy with an average price target of $284.73, implying a 18.6% upside from current levels. In a report issued on January 9, KeyBanc also downgraded the stock to Hold.
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