There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Murphy Oil (MUR – Research Report) and Western Midstream Partners (WES – Research 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
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.
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
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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