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Analysts Offer Insights on Utilities Companies: Murphy Oil (MUR) and Western Midstream Partners (WES)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Murphy Oil (MURResearch Report) and Western Midstream Partners (WESResearch Report) with bullish sentiments.

Murphy Oil (MUR)

Mizuho Securities analyst Vincent Lovaglio maintained a Buy rating on Murphy Oil on August 4 and set a price target of $51.00. The company’s shares closed last Thursday at $34.69.

According to TipRanks.com, Lovaglio is a top 25 analyst with an average return of 41.0% and a 85.9% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Murphy Oil with a $46.67 average price target, which is a 34.6% upside from current levels. In a report issued on July 20, MKM Partners also initiated coverage with a Buy rating on the stock with a $38.00 price target.

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

Western Midstream Partners (WES)

Mizuho Securities analyst Gabe Moreen assigned a Buy rating to Western Midstream Partners on August 5 and set a price target of $33.00. The company’s shares closed last Thursday at $28.23, close to its 52-week high of $29.50.

According to TipRanks.com, Moreen is a 4-star analyst with an average return of 5.9% and a 70.4% success rate. Moreen covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Plains All American.

Western Midstream Partners has an analyst consensus of Moderate Buy, with a price target consensus of $32.67, a 17.1% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $34.00 price target.

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