Paul Cheng Analyst Performance

Managing Director at Scotiabank

Paul Cheng is a stock analyst at Scotiabank, covering 31 publicly traded companies across a range of sectors. Over the past year, Paul Cheng has issued 40 stock ratings, including buy, hold, and sell recommendations. While full access to Paul Cheng's proprietary MarketBeat Analyst Rating is reserved for MarketBeat All Access subscribers, the rating is updated daily to reflect the most recent analyst activity. This profile highlights Paul Cheng's coverage history, rating activity, and performance tendencies — helping individual investors make more informed trading decisions.

Analyst Ratings, Coverage, and Performance Statistics

Analyst Rating

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Average Return

00.00% 12-Month ROI

Success Rate

00.00% Profitable Ratings

Total Ratings

148 Last 10 Years

Buy Recommendations

52.08% 75 Buy Ratings

Companies Covered

31 Unique Companies

Ratings Distribution

Rating	Percentage	Count
Strong Buy	0.0%	0 ratings
Buy	52.1%	75 ratings
Hold	38.2%	55 ratings
Sell	9.7%	14 ratings

Out of 144 total stock ratings issued by Paul Cheng at Scotiabank, the majority (52.1%) have been Buy recommendations, followed by 38.2% Hold and 9.7% Sell.

Best & Worst Calls

• Best Call

  000.0%

  ANDV

  Oct 2014

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• Worst Call

  000.0%

  MPC

  Feb 2015

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Exchange Coverage

Exchange	Percentage	Count
NYSE	83.9% of companies on NYSE	26 companies
NASDAQ	16.1% of companies on NASDAQ	5 companies

Paul Cheng, an analyst at Scotiabank, currently covers 31 companies listed on NYSE and NASDAQ, with the majority traded on NYSE.

Coverage Focus

Sector Icon	Sector	Percentage
	Energy 28 companies	90.3%
	Miscellaneous 2 companies	6.5%
	Utilities 1 company	3.2%

Paul Cheng of Scotiabank specializes in stock coverage within the Energy sector, with additional focus on and Utilities companies.

Coverage Industries

Industry	Percentage
OIL REFING&MKTG 8 companies	25.8%
OIL - US EXP&PROD 6 companies	19.4%
OIL - INTL INTGD 5 companies	16.1%
OIL - US INTEGRTD 3 companies	9.7%
PETROLEUM REFINING 3 companies	9.7%
OTHER ALT ENERGY 2 companies	6.5%
Miscellaneous 2 companies	6.5%
UTIL - GAS DISTR 1 company	3.2%
CRUDE PETROLEUM & NATURAL GAS 1 company	3.2%

About Paul Cheng

Mr. Paul Y. Cheng, CFA, is an Analyst at Scotia Capital (USA), Inc. Mr. Cheng was previously employed as an Equity Analyst by Barclays Capital, Inc., a Senior Vice President by Lehman Brothers, Inc., and a Principal by Kidder, Peabody & Co., Inc.

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Paul Cheng's Ratings History at Scotiabank

Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 2 Years 3 Years 4 Years 5 Years All Time Time Frame

Start Date

End Date

All Ratings Strong Buy Buy Hold Sell Rating

Recommendation ROI is the percentage between the price on the Report Date to the price 12 months after the report date.
Available with a MarketBeat All Access Subscription

12-Month ROIUpgrade to All Access to use the All ROI Filter

Export to Excel

Company	Report Date	Action	Report Date Price	12-Month Price Target	Rating	12-Month Price & ROI	Details
BP BP	8/14/2025	Upgrade	$34.29	$42.00	Sector Outperform	$0.00 00.00% ROI
TTE TotalEnergies	7/11/2025	Set Price Target	$62.32	$65.00	Sector Perform	$0.00 00.00% ROI
CTRA Coterra Energy	7/11/2025	Reiterated Rating	$24.66		Outperform	$0.00 00.00% ROI
PSX Phillips 66	7/11/2025	Reiterated Rating	$134.37	$133.00	Sector Perform	$0.00 00.00% ROI
DVN Devon Energy	7/11/2025	Boost Price Target	$34.18	$40.00	Sector Outperform	$0.00 00.00% ROI
DK Delek US	7/11/2025	Reiterated Rating	$26.90	$20.00	Sector Perform	$0.00 00.00% ROI
CTRA Coterra Energy	7/11/2025	Boost Price Target	$25.19	$35.00	Sector Outperform	$0.00 00.00% ROI
COP ConocoPhillips	7/11/2025	Boost Price Target	$95.78	$100.00	Sector Perform	$0.00 00.00% ROI
CVI CVR Energy	7/11/2025	Boost Price Target	$32.35	$25.00	Sector Underperform	$0.00 00.00% ROI
APA APA	7/11/2025	Reiterated Rating	$20.50	$22.00	Sector Perform	$0.00 00.00% ROI
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BP BP	7/11/2025	Reiterated Rating	$32.52	$34.00	Sector Perform	$0.00 00.00% ROI
PBF PBF Energy	7/11/2025	Reiterated Rating	$28.73	$25.00	Sector Perform	$0.00 00.00% ROI
MUR Murphy Oil	7/11/2025	Reiterated Rating	$26.53	$26.00	Sector Perform	$0.00 00.00% ROI
MPC Marathon Petroleum	7/11/2025	Boost Price Target	$181.57	$180.00	Sector Outperform	$0.00 00.00% ROI
HES Hess	7/11/2025	Boost Price Target	$153.00	$155.00	Sector Perform	$0.00 00.00% ROI
DINO HF Sinclair	7/11/2025	Boost Price Target	$45.56	$61.00	Sector Outperform	$0.00 00.00% ROI
FANG Diamondback Energy	7/11/2025	Boost Price Target	$144.74	$180.00	Sector Outperform	$0.00 00.00% ROI
CVI CVR Energy	5/5/2025	Boost Price Target	$20.39	$21.00	Sector Underperform	$0.00 00.00% ROI
EOG EOG Resources	4/11/2025	Upgrade	$104.39	$130.00	Sector Outperform	$0.00 00.00% ROI
CVX Chevron	4/11/2025	Downgrade	$134.88	$143.00	Sector Perform	$0.00 00.00% ROI
OXY Occidental Petroleum	4/11/2025	Downgrade	$36.39	$40.00	Sector Perform	$0.00 00.00% ROI
CVI CVR Energy	4/11/2025	Lower Price Target	$17.72	$16.00	Sector Underperform	$0.00 00.00% ROI
CTRA Coterra Energy	4/11/2025	Lower Price Target	$25.13	$33.00	Sector Outperform	$0.00 00.00% ROI
COP ConocoPhillips	4/11/2025	Lower Price Target	$86.36	$95.00	Sector Perform	$0.00 00.00% ROI
CLNE Clean Energy Fuels	4/11/2025	Lower Price Target	$1.49	$4.00	Sector Outperform	$0.00 00.00% ROI
APA APA	4/11/2025	Lower Price Target	$15.04	$14.00	Sector Perform	$0.00 00.00% ROI
VLO Valero Energy	4/11/2025	Lower Price Target	$110.59	$136.00	Sector Outperform	$0.00 00.00% ROI
TTE TotalEnergies	4/11/2025	Lower Price Target	$56.13	$60.00	Sector Perform	$0.00 00.00% ROI
SHEL Shell	4/11/2025	Lower Price Target	$62.05	$70.00	Sector Outperform	$0.00 00.00% ROI
PSX Phillips 66	4/11/2025	Lower Price Target	$97.23	$133.00	Sector Outperform	$0.00 00.00% ROI
PBF PBF Energy	4/11/2025	Lower Price Target	$15.44	$16.00	Sector Perform	$0.00 00.00% ROI
OPAL OPAL Fuels	4/11/2025	Lower Price Target	$1.36	$3.50	Sector Perform	$0.00 00.00% ROI
MUR Murphy Oil	4/11/2025	Lower Price Target	$20.90	$22.00	Sector Perform	$0.00 00.00% ROI
MPC Marathon Petroleum	4/11/2025	Lower Price Target	$123.29	$147.00	Sector Outperform	$0.00 00.00% ROI
MNTK Montauk Renewables	4/11/2025	Lower Price Target	$2.08	$4.00	Sector Perform	$0.00 00.00% ROI
HES Hess	4/11/2025	Lower Price Target	$128.42	$146.58	Sector Perform	$0.00 00.00% ROI
FANG Diamondback Energy	4/11/2025	Lower Price Target	$129.01	$175.00	Sector Outperform	$0.00 00.00% ROI
DVN Devon Energy	4/11/2025	Lower Price Target	$28.23	$35.00	Sector Outperform	$0.00 00.00% ROI
DK Delek US	4/11/2025	Lower Price Target	$12.48	$14.00	Sector Perform	$0.00 00.00% ROI
DINO HF Sinclair	4/11/2025	Lower Price Target	$27.73	$49.00	Sector Outperform	$0.00 00.00% ROI

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