BP, Phillips 66 And Different Power Shares From Wall Road’s Most Correct Analysts – Callon Petroleum (NYSE:CPE), BP (NYSE:BP)

Wall Road analysts make new inventory picks each day. Sadly for buyers, not all analysts have notably spectacular observe data at predicting market actions. Even in the case of one single inventory, analyst rankings and worth targets can range extensively, leaving buyers confused about which analyst’s opinion to belief.

Benzinga readers can entry the most recent analyst rankings on the Analyst Inventory Rankings web page. Readers can kind by inventory ticker, firm title, analyst agency, ranking change or different variables.

Here is a take a look at a few of the high vitality shares from essentially the most correct Wall Road analysts, in response to Benzinga Analyst Inventory Rankings.

Pioneer Pure Assets Firm PXD

• JP Morgan analyst Arun Jayaram upgraded the inventory from Impartial to Chubby and boosted the worth goal from $251 to $264 on Aug. 16, 2023. This analyst sees round 11% upside within the inventory and has an accuracy charge of 75%.
• Wells Fargo analyst Roger Learn maintained an Equal-Weight ranking and elevated the worth goal from $227 to $239 on Aug. 10, 2023. This analyst sees the inventory gaining round 1% and has an accuracy charge of 71%.
• Current Information: Exxon Mobil Corp. XOM is reportedly on the point of securing a purchase order cope with Pioneer Pure Assets, an acquisition that could possibly be value roughly $60 billion and remodel the U.S. oil panorama.

BP p.l.c. BP

• Raymond James analyst Justin Jenkins maintained an Outperform ranking and lower the worth goal from $47 to $45 on July 13, 2023. Jenkins sees 22% progress within the inventory and has an accuracy charge of 77%.
• Piper Sandler analyst Ryan Todd maintained an Chubby ranking and lower the worth goal from $47 to $46 on April 20, 2023. This analyst sees round 25% surge within the inventory and has an accuracy charge of 72%.
• Current Information: BP is reportedly seeking to promote a 49% stake in its U.S. oil and gasoline pipeline community within the Gulf of Mexico.

Callon Petroleum Firm CPE

• RBC Capital analyst Scott Hanold reiterated an Outperform ranking with a worth goal of $50 on Oct. 4, 2023. This analyst sees round 49% upside within the inventory and has an accuracy charge of 72%.
• Morgan Stanley analyst Devin Ryan maintained an Equal-Weight ranking and raised the worth goal from $40 to $41 on Aug. 18, 2023. This analyst sees the inventory gaining round 23% and has an accuracy charge of 63%.
• Current Information: Callon Petroleum posted better-than-expected second-quarter earnings.

Phillips 66 PSX

• Piper Sandler analyst Ryan Todd maintained an Chubby ranking and lower the worth goal from $138 to $134 on Oct. 5, 2023. This analyst sees round 22% rise within the inventory and has an accuracy charge of 72%.
• Raymond James analyst Justin Jenkins maintained an Outperform ranking and elevated the worth goal from $125 to $133 on Sept. 20, 2023. Jenkins sees the inventory surging round 21%, and has an accuracy charge of 77%.
• Current Information: Phillips 66 reported second-quarter adjusted EPS of $3.87, beating the consensus of $3.54.

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