SLB , EOG Resources And Other Energy Stocks From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street analysts have provided updates on energy stocks, with varying ratings and price targets. TotalEnergies SE (TTE) received mixed reviews, with a price target cut by TD Cowen and Piper Sandler. Schlumberger Limited (SLB) saw positive ratings from Barclays and Societe Generale, with increased price targets. EOG Resources, Inc. (EOG) had a price target cut by Raymond James but maintained a Strong Buy rating, while Wells Fargo downgraded the stock. Pioneer Natural Resources Company (PXD) faced downgrades from Argus Research and Raymond James despite posting better-than-expected earnings.
December 22, 2023 | 11:29 am
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NEGATIVE IMPACT
Pioneer Natural Resources faced downgrades from Argus Research and Raymond James despite posting better-than-expected earnings.
Downgrades from analysts with high accuracy rates may overshadow the positive earnings report, potentially leading to a short-term negative impact on PXD's stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
TotalEnergies SE received a price target cut from TD Cowen and Piper Sandler, indicating potential downside according to analysts.
Price target cuts by analysts with high accuracy rates suggest a negative short-term impact on TTE's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
EOG Resources had a price target cut by Raymond James but maintained a Strong Buy rating, while Wells Fargo downgraded the stock.
Mixed analyst signals with a price target cut and a downgrade, but also a Strong Buy rating, create uncertainty for EOG's short-term price direction.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Schlumberger Limited received positive ratings from Barclays and Societe Generale, with increased price targets suggesting strong growth potential.
Positive ratings and increased price targets from analysts indicate a likely short-term increase in SLB's stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90