SLB , EOG Resources And Other Energy Stocks From Wall Street's Most Accurate Analysts

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the top energy stocks from several analysts, according to Benzinga Analyst Stock Ratings.

TotalEnergies SE TTE

  • TD Cowen analyst Jason Gabelman maintained a Market Perform rating and cut the price target from $59 to $58 on Aug. 17, 2023. This analyst sees around 15% downside in the stock and has an accuracy rate of 73%.
  • Piper Sandler analyst Ryan Todd maintained an Overweight rating and cut the price target from $68 to $64 on June 13, 2023. This analyst sees the stock falling around 6% and has an accuracy rate of 76%.
  • Recent News: TotalEnergies inked a second contract with LyondellBasell Industries NV LYB for supplying a combined 275 MWac (358 MW) of green electricity.

Schlumberger Limited SLB

  • Barclays analyst David Anderson maintained an Overweight rating and increased the price target from $75 to $77 on Oct. 24, 2023. Anderson sees 47% growth in the stock and has an accuracy rate of 69%.
  • Societe Generale analyst Guillaume Delaby initiated coverage on the stock with a Buy rating and a price target of $81 on Oct. 10, 2023. This analyst sees around 55% surge in the stock and has an accuracy rate of 66%.
  • Recent News: Schlumberger, during October, reported a third-quarter FY23 revenue increase of 11% year-over-year to $8.31 billion, missing the consensus of $8.33 billion.

EOG Resources, Inc. EOG

  • Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $154 to $148 on Dec. 21, 2023. This analyst sees around 23% upside in the stock and has an accuracy rate of 80%.
  • Wells Fargo analyst Roger Read downgraded the stock from Overweight to Equal-Weight on Dec. 14, 2023. This analyst has an accuracy rate of 72%.
  • Recent News: EOG Resources named Jeffrey Leitzell as Executive Vice President and COO effective Dec. 18, 2023.

Pioneer Natural Resources Company PXD

  • Argus Research analyst Bill Selesky downgraded the stock from Buy to Sell on Nov. 24, 2023. This analyst has an accuracy rate of 72%.
  • Raymond James analyst John Freeman downgraded the stock from Strong Buy to Market Perform on Oct. 24, 2023. Freeman has an accuracy rate of 80%.
  • Recent News: Pioneer Natural Resources, during November, posted better-than-expected quarterly earnings.

 

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