Analysts are bullish on energy stocks Chevron (CVX) and Deep Yellow Limited (DYLLF), according to recent reports. Biraj Borkhataria from RBC Capital maintained a Buy rating on Chevron with a price target of $230.00, though the stock closed last Friday at $235.52. Borkhataria has a strong track record with Chevron, averaging a 16.0% return on recommendations. The broader analyst consensus for Chevron is a Strong Buy, with an average price target of $240.31, suggesting a 2.7% upside.
Morgan Stanley also weighed in on Chevron, maintaining a Buy rating with a $226.00 price target in a report issued on October 15. Meanwhile, Canaccord Genuity analyst James Bullen kept a Buy rating on Deep Yellow Limited, setting a price target of A$2.80. The stock closed last Friday at $0.50. Bullen, a 1-star analyst with a -1.9% average return, covers the NA sector and focuses on energy stocks.
The consensus for Deep Yellow Limited is a Moderate Buy, with an average price target of $1.26, indicating a 129.1% potential upside from current levels. Macquarie also maintained a Buy rating on the stock with a A$1.95 price target in a report from October 14. These insights highlight the optimistic outlook for energy companies among analysts.