There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Carnarvon Energy Limited (CVONF – Research Report) and Santos Limited (STOSF – Research Report) with bullish sentiments.
Carnarvon Energy Limited (CVONF)
In a report issued on January 20, Nic Burns from Jarden maintained a Buy rating on Carnarvon Energy Limited, with a price target of A$0.22. The company’s shares closed last Thursday at $0.11.
According to TipRanks.com, Burns is a 3-star analyst with an average return of 6.7% and a 60.9% success rate. Burns covers the Utilities sector, focusing on stocks such as Origin Energy Limited, Cooper Energy Limited, and Beach Energy Limited.
Currently, the analyst consensus on Carnarvon Energy Limited is a Moderate Buy with an average price target of $0.15.
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Santos Limited (STOSF)
In a report released today, Tom Allen from UBS maintained a Buy rating on Santos Limited, with a price target of A$8.45. The company’s shares closed last Friday at $5.10.
According to TipRanks.com, Allen is a 4-star analyst with an average return of 9.5% and a 61.8% success rate. Allen covers the Utilities sector, focusing on stocks such as Origin Energy Limited, Beach Energy Limited, and AGL Energy Limited.
Currently, the analyst consensus on Santos Limited is a Strong Buy with an average price target of $6.40, a 25.5% upside from current levels. In a report issued on January 15, RBC Capital also maintained a Buy rating on the stock with a A$10.00 price target.
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