Paul Cheng Analyst Performance

Managing Director at Scotiabank

Paul Cheng is a stock analyst at Scotiabank focused in the energy sector, covering 33 publicly traded companies. Over the past year, Paul Cheng has issued 67 stock ratings, including buy, hold, and sell recommendations. While full access to Paul Cheng's proprietary MarketBeat Analyst Ranking 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 Rankings, Coverage, and Performance Statistics

Analyst Ranking

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Average Return

00.00% 12-Month ROI

Success Rate

00.00% Profitable Ratings

Total Ratings

175 Last 11 Years

Buy Recommendations

53.22% 91 Buy Ratings

Companies Covered

33 Unique Companies

Ratings Distribution

Rating	Percentage	Count
Strong Buy	0.0%	0 ratings
Buy	53.2%	91 ratings
Hold	37.4%	64 ratings
Sell	9.4%	16 ratings

Out of 171 total stock ratings issued by Paul Cheng at Scotiabank, the majority (53.2%) have been Buy recommendations, followed by 37.4% Hold and 9.4% 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	81.8% of companies on NYSE	27 companies
NASDAQ	18.2% of companies on NASDAQ	6 companies

Paul Cheng, an analyst at Scotiabank, currently covers 33 companies listed on NYSE and NASDAQ, with the majority traded on NYSE.

Coverage Focus

Sector Icon	Sector	Percentage
	Energy 30 companies	90.9%
	Miscellaneous 2 companies	6.1%
	Utilities 1 company	3.0%

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	24.2%
OIL - US EXP&PROD 8 companies	24.2%
OIL - INTL INTGD 5 companies	15.2%
OIL - US INTEGRTD 3 companies	9.1%
PETROLEUM REFINING 3 companies	9.1%
OTHER ALT ENERGY 2 companies	6.1%
Miscellaneous 2 companies	6.1%
UTIL - GAS DISTR 1 company	3.0%
CRUDE PETROLEUM & NATURAL GAS 1 company	3.0%

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 Timeframe

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
XOM Exxon Mobil	10/9/2025	Reiterated Rating	$113.97		Outperform	$0.00 00.00% ROI
SHEL Shell	10/9/2025	Reiterated Rating	$74.20		Outperform	$0.00 00.00% ROI
MPC Marathon Petroleum	10/9/2025	Reiterated Rating	$189.20		Outperform	$0.00 00.00% ROI
FANG Diamondback Energy	10/9/2025	Reiterated Rating	$146.14		Outperform	$0.00 00.00% ROI
DVN Devon Energy	10/9/2025	Reiterated Rating	$34.74		Outperform	$0.00 00.00% ROI
DINO HF Sinclair	10/9/2025	Reiterated Rating	$52.90		Outperform	$0.00 00.00% ROI
CVI CVR Energy	10/9/2025	Reiterated Rating	$36.36		Underperform	$0.00 00.00% ROI
BP BP	10/9/2025	Reiterated Rating	$34.56		Outperform	$0.00 00.00% ROI
APA APA	10/9/2025	Boost Price Target	$24.60	$26.00	Sector Perform	$0.00 00.00% ROI
CTRA Coterra Energy	10/9/2025	Lower Price Target	$24.44	$32.00	Sector Outperform	$0.00 00.00% ROI
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CVI CVR Energy	10/9/2025	Boost Price Target	$36.02	$26.00	Sector Underperform	$0.00 00.00% ROI
BP BP	10/9/2025	Boost Price Target	$34.42	$43.00	Sector Outperform	$0.00 00.00% ROI
XOM Exxon Mobil	10/9/2025	Boost Price Target	$114.00	$128.00	Sector Outperform	$0.00 00.00% ROI
TTE TotalEnergies	10/9/2025	Boost Price Target	$59.24	$67.00	Sector Perform	$0.00 00.00% ROI
SHEL Shell	10/9/2025	Boost Price Target	$74.27	$91.00	Sector Outperform	$0.00 00.00% ROI
PBF PBF Energy	10/9/2025	Boost Price Target	$29.68	$28.00	Sector Perform	$0.00 00.00% ROI
OXY Occidental Petroleum	10/9/2025	Boost Price Target	$44.76	$47.00	Sector Perform	$0.00 00.00% ROI
MUR Murphy Oil	10/9/2025	Boost Price Target	$29.66	$30.00	Sector Perform	$0.00 00.00% ROI
MPC Marathon Petroleum	10/9/2025	Boost Price Target	$187.67	$189.00	Sector Outperform	$0.00 00.00% ROI
FANG Diamondback Energy	10/9/2025	Boost Price Target	$145.63	$182.00	Sector Outperform	$0.00 00.00% ROI
DVN Devon Energy	10/9/2025	Boost Price Target	$34.67	$47.00	Sector Outperform	$0.00 00.00% ROI
DK Delek US	10/9/2025	Boost Price Target	$35.47	$33.00	Sector Perform	$0.00 00.00% ROI
DINO HF Sinclair	10/9/2025	Boost Price Target	$52.45	$66.00	Sector Outperform	$0.00 00.00% ROI
CVX Chevron	10/9/2025	Boost Price Target	$152.66	$165.00	Sector Perform	$0.00 00.00% ROI
EOG EOG Resources	9/26/2025	Reiterated Rating	$117.33	$130.00	Sector Perform	$0.00 00.00% ROI
CHRD Chord Energy	9/19/2025	Initiated Coverage	$104.33	$120.00	Sector Perform	$0.00 00.00% ROI
PR Permian Resources	9/19/2025	Initiated Coverage	$13.59	$21.00	Sector Outperform	$0.00 00.00% ROI
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
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
PSX Phillips 66	7/11/2025	Reiterated Rating	$134.37	$133.00	Sector Perform	$0.00 00.00% ROI
APA APA	7/11/2025	Reiterated Rating	$20.50	$22.00	Sector Perform	$0.00 00.00% ROI
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
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
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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