Streetbeat News

Analyst Ratings

GRNT

PBF

RNGR

SJT

WTI

Benzinga Insights has identified five value stocks in the energy sector that may be worth watching: Ranger Energy Services (NYSE:RNGR), Granite Ridge Resources (NYSE:GRNT), PBF Energy (NYSE:PBF), W&T Offshore (NYSE:WTI), and San Juan Basin Royalty (NYSE:SJT). These companies have low P/E multiples, indicating they may be undervalued. However, the risk of investing in a value stock is that its price may never rebound.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:39 pm

AZEK

Stephens & Co. analyst Trey Grooms has reiterated an Overweight rating on AZEK Co (NYSE:AZEK) and maintained a $40 price target.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:37 pm

CVNA

Carvana's stock has been downgraded from Outperform to Neutral by Exane BNP Paribas, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:37 pm

OXY

Stephens & Co. analyst Mike Scialla has reiterated an Overweight rating on Occidental Petroleum (NYSE:OXY) and maintained a $74 price target.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:33 pm

ADBE

A significant amount of unusual options activity has been detected for Adobe (NASDAQ:ADBE), with a majority of investors taking a bearish stance. The trades indicate that whales have been targeting a price range from $505.0 to $650.0 for Adobe over the last 3 months. Adobe's current price is $554.32, up 0.8%. Analysts from BMO Capital, Piper Sandler, Wolfe Research, RBC Capital, and Citigroup have maintained their ratings on Adobe, with price targets ranging from $610 to $650.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

PXD

A significant bullish stance has been taken on Pioneer Natural Resources (NYSE:PXD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $150.0 to $290.0 for Pioneer Natural Resources over the last 3 months. Roth MKM downgraded its action to Buy with a price target of $245, while Morgan Stanley and Mizuho maintained their ratings with price targets of $236 and $301 respectively.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 2:32 pm

CNX

Stephens & Co. analyst Collin Nieman has reiterated an Equal-Weight rating on CNX Resources (NYSE:CNX) and maintained a $24 price target.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:31 pm

ONTX

HC Wainwright & Co. analyst Joseph Pantginis has reiterated a 'Buy' rating on Onconova Therapeutics (NASDAQ:ONTX) and maintained a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:29 pm

ALHC

Stephens & Co. analyst Scott Fidel has initiated coverage on Alignment Healthcare (NASDAQ:ALHC) with an Equal-Weight rating and a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:27 pm

SPOT

Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on Spotify Technology (NYSE:SPOT) and raises the price target from $185 to $190.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 2:23 pm