May 2, 2022 (Earnings Report) Dear Reader, We just identified several energy stocks that are expected to release earnings this week. If you are interested in any of these companies, we encourage you to do your own research and due diligence before pursuing any investments. Keep in mind, the actual earnings date and time may change, so if you’re interested in any of these companies you will need to pay close attention to their announcements.
Devon Energy
Symbol: DVN
Recent Price: $$56.55
Average Analyst Price Target: $73.06 (29.20%)
Market Cap: $$37.35B
Last Year's EPS: $0.45
Consensus EPS Forecast: $1.75
Expected Earnings Date: May 01 2022
Recent Analyst Action: John Freeman, analyst at Raymond James, reiterates coverage on Devon Energy (DVN) in the Utilities sector with a Buy rating and a price target of $ 85 (1 week ago).
TipRanks.com also reports that Devon Energy currently has 17 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $73.06 . The target pricing ranges from a high forecast of $91.00 down to a low forecast of $56.00. Devon Energy (DVN)’s last closing price was $$56.55 which would put the average price target at 29.20% upside.Here are 3rd party ratings for DVN:
- TipRanks.com: Strong Buy
- TradingView.com: Sell
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: buy
- Zacks.com: Strong Buy, Top 2% (5 out of 253)
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Diamondback
Symbol: FANG
Recent Price: $$122.77
Average Analyst Price Target: $179.45 (46.17%)
Market Cap: $$21.78B
Last Year's EPS: $2.3
Consensus EPS Forecast: $4.73
Expected Earnings Date: May 01 2022
Recent Analyst Action: John Freeman, analyst at Raymond James, reiterates coverage on Diamondback (FANG) in the Utilities sector with a Buy rating and a price target of $ 200 (1 week ago).
TipRanks.com also reports that Diamondback currently has 20 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $179.45 . The target pricing ranges from a high forecast of $233.00 down to a low forecast of $140.00. Diamondback (FANG)’s last closing price was $$122.77 which would put the average price target at 46.17% upside.Here are 3rd party ratings for FANG:
- TipRanks.com: Strong Buy
- TradingView.com: Sell
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: Weak buy
- Zacks.com: Strong Buy, Top 2% (5 out of 253)
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Vornado Realty
Symbol: VNO
Recent Price: $$38.17
Average Analyst Price Target: $46.43 (21.64%)
Market Cap: $$7.32B
Last Year's EPS: $0.06
Consensus EPS Forecast: $0.09
Expected Earnings Date: May 01 2022
Recent Analyst Action: Vikram Malhorta, analyst at Mizuho Securities, reiterates coverage on Vornado Realty (VNO) in the Financial sector with a Sell rating and a price target of $ 38 (1 week ago).
TipRanks.com also reports that Vornado Realty currently has 7 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $46.43 . The target pricing ranges from a high forecast of $52.00 down to a low forecast of $38.00. Vornado Realty (VNO)’s last closing price was $$38.17 which would put the average price target at 21.64% upside.Here are 3rd party ratings for VNO:
- TipRanks.com: Hold
- TradingView.com: Sell
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: sell
- Zacks.com: Hold, Bottom 43% (145 out of 253)
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Centerpoint Energy
Symbol: CNP
Recent Price: $$30.58
Average Analyst Price Target: $33.07 (8.14%)
Market Cap: $$19.25B
Last Year's EPS: $0.59
Consensus EPS Forecast: $0.48
Expected Earnings Date: May 02 2022
Recent Analyst Action: Nicholas Campanella, analyst at Credit Suisse, reiterates coverage on Centerpoint Energy (CNP) in the Utilities sector with a Buy rating and a price target of $ 34 (1 week ago).
TipRanks.com also reports that Centerpoint Energy currently has 14 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $33.07 . The target pricing ranges from a high forecast of $36.00 down to a low forecast of $29.00. Centerpoint Energy (CNP)’s last closing price was $$30.58 which would put the average price target at 8.14% upside.Here are 3rd party ratings for CNP:
- TipRanks.com: Strong Buy
- TradingView.com: Neutral
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Hold, Bottom 35% (165 out of 253)
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Marathon Petroleum
Symbol: MPC
Recent Price: $$86.87
Average Analyst Price Target: $98.33 (13.19%)
Market Cap: $$48.52B
Last Year's EPS: -$0.2
Consensus EPS Forecast: $1.26
Expected Earnings Date: May 02 2022
Recent Analyst Action: Prashant Rao, analyst at Citigroup, reiterates coverage on Marathon Petroleum (MPC) in the Utilities sector with a Buy rating and a price target of $ 108 (6 days ago).
TipRanks.com also reports that Marathon Petroleum currently has 12 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $98.33 . The target pricing ranges from a high forecast of $115.00 down to a low forecast of $85.00. Marathon Petroleum (MPC)’s last closing price was $$86.87 which would put the average price target at 13.19% upside.Here are 3rd party ratings for MPC:
- TipRanks.com: Strong Buy
- TradingView.com: Neutral
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Hold, Top 16% (41 out of 253)
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Tamarack Valley Energy
Symbol: TNEYF
Recent Price: $$3.84
Average Analyst Price Target: $5.74 (49.36%)
Market Cap: $$1.67B
Last Year's EPS: $0
Consensus EPS Forecast: $0.15
Expected Earnings Date: May 02 2022
Recent Analyst Action: Luke Davis, analyst at RBC Capital, reiterates coverage on Tamarack Valley Energy (TNEYF) in the Utilities sector with a Buy rating and a price target of $ 5.84 (1 week ago).
TipRanks.com also reports that Tamarack Valley Energy currently has 8 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $5.74 . The target pricing ranges from a high forecast of $6.62 down to a low forecast of $5.26. Tamarack Valley Energy (TNEYF)’s last closing price was $$3.84 which would put the average price target at 49.36% upside.Here are 3rd party ratings for TNEYF:
- TipRanks.com: Strong Buy
- TradingView.com: n/a
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: buy
- Zacks.com: n/a, n/a
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To Your Financial Future,
The Editor, EnergyStockMovers.com