Wall Street's Most Accurate Analysts Reshuffled Their Best Oil & Gas Picks, Here They Are


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As the peak season for the third quarter gets underway, several oil and gas companies have released their earnings reports and investors await reports from other major firms.

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.

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Here's a look at some of the big oil and gas stocks from several analysts, according to Benzinga Analyst Stock Ratings.

 

Exxon Mobil Corporation (NYSE:XOM)

Recent Analyst Ratings

  • Morgan Stanley’s analyst Devin McDermott maintained an Overweight rating on the company's stock on October 19, 2022, and raised the price target from $113 to $114.
  • Accuracy Rate: 79%
  • JP Morgan analyst John Royall maintained an Overweight rating the company's stock on October 18, 2022, and increased the price target from $102 to $103
  • Accuracy Rate: 16%
  • Recent News: Exxon Mobil recently reported better-than-expected Q3 results.


Chevron Corporation (NYSE:CVX)


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Recent Analyst Ratings

  • Cowen & Co. analyst Charles Ryhee maintained an Outperform rating on the company’s stock on October 31, 2022, and raised the price target from $160 to $185.
  • Accuracy Rate: 34%
  • Raymond James analyst Justin Jenkins maintained an Outperform rating on the company's stock on October 31, 2022 and raised the price target from $188 to $215.
  • Accuracy Rate: 88%
  • HSBC’s analyst Gordon Gray downgraded rating on the company's stock from Buy to Hold on October 24, 2022 and with a price target of $177.
  • Accuracy Rate: 78%
  • Recent News: The company recently posted better-than-expected results for its third quarter.


ConocoPhillips (NYSE:COP)

Recent Analyst Ratings

  • Mizuho’s analyst Vincent Lovaglio maintained a Buy rating on the company’s stock on October 24, 2022, but cut the price target from $138 to $135.
  • Accuracy Rate: 93%
  • Raymond James analyst John Freeman maintained a Strong Buy rating on the company's stock on October 24, 2022 and raised the price target from $135 to $150.
  • Accuracy Rate: 93%
  • Recent News: ConocoPhillips is expected to release earnings results for its third quarter on Thursday, Nov. 3, 2022.


EOG Resources, Inc. (NYSE:EOG)

Recent Analyst Ratings

  • Citigroup’s analyst Scott Gruber maintained a Buy rating on the company’s stock on October 25, 2022, also increasing the price target from $139 to $150.
  • Accuracy Rate: 66%
  • Stifel analyst Derrick Whitfield reinstated a Buy rating on the company's stock on October 25, 2022, with a price target from $151.
  • Accuracy Rate: 59%
  • Recent News: EOG Resources is scheduled to host a conference call and webcast to discuss Q3 results on Friday, November 4, 2022.

 


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: EarningsNewsPrice TargetReiterationPre-Market OutlookMarketsAnalyst RatingsMost Accurate Analysts