There’s a lot to be optimistic about in the NA sector as 3 analysts just weighed in on Murphy Oil (MUR – Research Report), Western Midstream Partners (WES – Research Report) and Matador Resources (MTDR – Research Report) with bullish sentiments.
Murphy Oil (MUR)
In a report issued on October 12, Arun Jayaram from J.P. Morgan maintained a Buy rating on Murphy Oil, with a price target of $58.00. The company’s shares closed last Tuesday at $47.13.
According to TipRanks.com, Jayaram is a 5-star analyst with an average return of
Currently, the analyst consensus on Murphy Oil is a Moderate Buy with an average price target of $51.00, which is an 8.4% upside from current levels. In a report issued on October 3, KeyBanc also maintained a Buy rating on the stock with a $53.00 price target.
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Western Midstream Partners (WES)
In a report issued on October 12, Gabe Moreen from Mizuho Securities reiterated a Buy rating on Western Midstream Partners, with a price target of $34.00. The company’s shares closed last Tuesday at $27.30.
According to TipRanks.com, Moreen is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Western Midstream Partners with a $31.43 average price target.
Matador Resources (MTDR)
J.P. Morgan analyst Zach Parham maintained a Buy rating on Matador Resources on October 12 and set a price target of $83.00. The company’s shares closed last Tuesday at $64.49.
According to TipRanks.com, Parham is a 3-star analyst with an average return of
Matador Resources has an analyst consensus of Strong Buy, with a price target consensus of $76.38, implying a 19.4% upside from current levels. In a report issued on October 11, RBC Capital also maintained a Buy rating on the stock with a $70.00 price target.
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