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Analysts Offer Insights on Utilities Companies: EOG Resources (EOG) and New Fortress Energy (NFE)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on EOG Resources (EOGResearch Report) and New Fortress Energy (NFEResearch Report) with bullish sentiments.

EOG Resources (EOG)

In a report issued on June 3, Michael Scialla from Stifel Nicolaus maintained a Buy rating on EOG Resources, with a price target of $170.00. The company’s shares closed last Monday at $141.11, close to its 52-week high of $143.27.

According to TipRanks.com, Scialla is a 3-star analyst with an average return of 3.3% and a 41.0% success rate. Scialla covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, Occidental Petroleum, and Civitas Resources.

EOG Resources has an analyst consensus of Strong Buy, with a price target consensus of $154.89, which is an 8.3% upside from current levels. In a report issued on May 23, Argus Research also maintained a Buy rating on the stock with a $144.00 price target.

See today’s best-performing stocks on TipRanks >>

New Fortress Energy (NFE)

In a report issued on June 3, Benjamin Nolan from Stifel Nicolaus maintained a Buy rating on New Fortress Energy, with a price target of $58.00. The company’s shares closed last Monday at $50.75, close to its 52-week high of $51.47.

According to TipRanks.com, Nolan is a 5-star analyst with an average return of 19.2% and a 64.6% success rate. Nolan covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Cheniere Energy Partners, and International Seaways.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Fortress Energy with a $50.40 average price target.

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