Paul Cheng Analyst PerformanceManaging Director at ScotiabankPaul Cheng is a stock analyst at Scotiabank focused in the energy sector, covering 27 publicly traded companies. Over the past year, Paul Cheng has issued 72 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 StatisticsAnalyst RankingSubscribe to MarketBeat All Access for the analyst's recommendation accuracy rating MarketBeatAverage Return00.00% 12-Month ROISuccess Rate00.00% Profitable RatingsTotal Ratings175 Last 11 YearsBuy Recommendations44.31% 74 Buy RatingsCompanies Covered27 Unique Companies Ratings Distribution167RatingsDistribution of strong buy, buy, hold, and sell ratings by Paul Cheng.RatingPercentageCount Strong Buy0.0%0 ratings Buy44.3%74 ratings Hold47.3%79 ratings Sell8.4%14 ratingsOut of 167 total stock ratings issued by Paul Cheng at Scotiabank, the majority (47.3%) have been Hold recommendations, followed by 44.3% Buy and 8.4% Sell.Best & Worst CallsBest Call0000.0%VLOApr 2025Subscribe to MarketBeat All Access to get analyst recommendation ROI.Worst Call000.0%MPCFeb 2015Subscribe to MarketBeat All Access to get analyst recommendation ROI.Exchange CoverageExchangePercentageCountNYSE77.8% of companies on NYSE21 companiesNASDAQ22.2% of companies on NASDAQ6 companiesPaul Cheng, an analyst at Scotiabank, currently covers 27 companies listed on NYSE and NASDAQ, with the majority traded on NYSE.Coverage FocusSector IconSectorPercentageEnergy26 companies96.3%Utilities1 company3.7%Paul Cheng of Scotiabank specializes in stock coverage within the Energy sector, with additional focus on Utilities companies.Coverage IndustriesIndustryPercentageOIL REFING&MKTG8 companies29.6%OIL - US EXP&PROD8 companies29.6%OIL - INTL INTGD5 companies18.5%OIL - US INTEGRTD3 companies11.1%OTHER ALT ENERGY2 companies7.4%UTIL - GAS DISTR1 company3.7% About Paul ChengMr. 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.Follow on LinkedIn 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 Subscription12-Month ROIUpgrade to All Access to use the All ROI Filter Export CompanyReport DateActionReport Date Price12-MonthPrice TargetRating12-MonthPrice & ROIDetailsCVICVR Energy4/22/2026Boost Price Target$31.37$28.00Sector Underperform$0.0000.00% ROIBPBP4/22/2026Boost Price Target$46.40$58.00Sector Outperform$0.0000.00% ROIAPAAPA4/22/2026Boost Price Target$37.83$36.00Sector Perform$0.0000.00% ROICHRDChord Energy4/22/2026Boost Price Target$133.93$135.00Sector Perform$0.0000.00% ROICVXChevron4/22/2026Boost Price Target$187.50$187.00Sector Perform$0.0000.00% ROIDVNDevon Energy2/23/2026Lower Price Target$44.79$41.00Sector Perform$0.0000.00% ROIDINOHF Sinclair2/18/2026Downgrade$51.58$53.00Sector Perform$0.0000.00% ROIDVNDevon Energy2/3/2026Boost Price Target$40.06$45.00Sector Perform$0.0000.00% ROICTRACoterra Energy2/3/2026Reiterated Rating$27.84$31.00Sector Perform$0.0000.00% ROICTRACoterra Energy2/2/2026Downgrade$28.14Hold$0.0000.00% ROI Get the Latest News and Ratings for Your StocksEnter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter. XOMExxonMobil1/16/2026Reiterated Rating$129.75Outperform$0.0000.00% ROITTETotalEnergies1/16/2026Reiterated Rating$65.86$73.00Sector Perform$0.0000.00% ROIPSXPhillips 661/16/2026Reiterated Rating$140.14$140.00Sector Perform$0.0000.00% ROIMURMurphy Oil1/16/2026Reiterated Rating$33.50$31.00Sector Perform$0.0000.00% ROIMPCMarathon Petroleum1/16/2026Reiterated Rating$176.10$174.00Outperform$0.0000.00% ROIFANGDiamondback Energy1/16/2026Set Price Target$150.46$175.00$0.0000.00% ROIEOGEOG Resources1/16/2026Set Price Target$104.71$123.00Sector Perform$0.0000.00% ROIDKDelek US1/16/2026Set Price Target$27.86$34.00$0.0000.00% ROIDINOHF Sinclair1/16/2026Reiterated Rating$48.89$62.00Outperform$0.0000.00% ROICVXChevron1/16/2026Reiterated Rating$166.71$168.00Sector Perform$0.0000.00% ROICTRACoterra Energy1/16/2026Set Price Target$25.88$31.00$0.0000.00% ROICHRDChord Energy1/16/2026Reiterated Rating$91.51$114.00Sector Perform$0.0000.00% ROIBPBP1/16/2026Set Price Target$35.36$41.00$0.0000.00% ROIOXYOccidental Petroleum1/16/2026Lower Price Target$42.74$46.00Sector Perform$0.0000.00% ROIDVNDevon Energy1/15/2026Downgrade$36.36$41.00Sector Perform$0.0000.00% ROIDKDelek US11/10/2025Boost Price Target$40.74$40.00Sector Perform$0.0000.00% ROIXOMExxonMobil11/3/2025Reiterated Rating$114.54Outperform$0.0000.00% ROIXOMExxonMobil11/3/2025Boost Price Target$114.93$155.00Sector Outperform$0.0000.00% ROIXOMExxonMobil10/9/2025Reiterated Rating$113.97Outperform$0.0000.00% ROISHELShell10/9/2025Reiterated Rating$74.20Outperform$0.0000.00% ROIMPCMarathon Petroleum10/9/2025Reiterated Rating$189.20Outperform$0.0000.00% ROIFANGDiamondback Energy10/9/2025Reiterated Rating$146.14Outperform$0.0000.00% ROIDVNDevon Energy10/9/2025Reiterated Rating$34.74Outperform$0.0000.00% ROIDINOHF Sinclair10/9/2025Reiterated Rating$52.90Outperform$0.0000.00% ROICVICVR Energy10/9/2025Reiterated Rating$36.36Underperform$0.0000.00% ROIBPBP10/9/2025Reiterated Rating$34.56Outperform$0.0000.00% ROIAPAAPA10/9/2025Boost Price Target$24.60$26.00Sector Perform$0.0000.00% ROICTRACoterra Energy10/9/2025Lower Price Target$24.44$32.00Sector Outperform$0.0000.00% ROICVICVR Energy10/9/2025Boost Price Target$36.02$26.00Sector Underperform$0.0000.00% ROIBPBP10/9/2025Boost Price Target$34.42$43.00Sector Outperform$0.0000.00% ROIYour book attached (Ad)Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time through a temporary download link. He plans to charge for it soon. Download your copy now and lock it in at no cost, regardless of future pricing.Download the Safe Trade Options Formula book for free before access closesXOMExxonMobil10/9/2025Boost Price Target$114.00$128.00Sector Outperform$0.0000.00% ROITTETotalEnergies10/9/2025Boost Price Target$59.24$67.00Sector Perform$0.0000.00% ROISHELShell10/9/2025Boost Price Target$74.27$91.00Sector Outperform$0.0000.00% ROIPBFPBF Energy10/9/2025Boost Price Target$29.68$28.00Sector Perform$0.0000.00% ROIOXYOccidental Petroleum10/9/2025Boost Price Target$44.76$47.00Sector Perform$0.0000.00% ROIMURMurphy Oil10/9/2025Boost Price Target$29.66$30.00Sector Perform$0.0000.00% ROIMPCMarathon Petroleum10/9/2025Boost Price Target$187.67$189.00Sector Outperform$0.0000.00% ROIFANGDiamondback Energy10/9/2025Boost Price Target$145.63$182.00Sector Outperform$0.0000.00% ROIDVNDevon Energy10/9/2025Boost Price Target$34.67$47.00Sector Outperform$0.0000.00% ROIDKDelek US10/9/2025Boost Price Target$35.47$33.00Sector Perform$0.0000.00% ROIDINOHF Sinclair10/9/2025Boost Price Target$52.45$66.00Sector Outperform$0.0000.00% ROICVXChevron10/9/2025Boost Price Target$152.66$165.00Sector Perform$0.0000.00% ROIEOGEOG Resources9/26/2025Reiterated Rating$117.33$130.00Sector Perform$0.0000.00% ROICHRDChord Energy9/19/2025Initiated Coverage$104.33$120.00Sector Perform$0.0000.00% ROIPRPermian Resources9/19/2025Initiated Coverage$13.59$21.00Sector Outperform$0.0000.00% ROIBPBP8/14/2025Upgrade$34.29$42.00Sector Outperform$0.0000.00% ROITTETotalEnergies7/11/2025Set Price Target$62.32$65.00Sector Perform$0.0000.00% ROICTRACoterra Energy7/11/2025Reiterated Rating$24.66Outperform$0.0000.00% ROIPSXPhillips 667/11/2025Reiterated Rating$134.37$133.00Sector Perform$0.0000.00% ROIAPAAPA7/11/2025Reiterated Rating$20.50$22.00Sector Perform$0.0000.00% ROIBPBP7/11/2025Reiterated Rating$32.52$34.00Sector Perform$0.0000.00% ROIPBFPBF Energy7/11/2025Reiterated Rating$28.73$25.00Sector Perform$0.0000.00% ROIMURMurphy Oil7/11/2025Reiterated Rating$26.53$26.00Sector Perform$0.0000.00% ROIMPCMarathon Petroleum7/11/2025Boost Price Target$181.57$180.00Sector Outperform$0.0000.00% ROIHESHess7/11/2025Boost Price Target$153.00$155.00Sector Perform$0.0000.00% ROIDINOHF Sinclair7/11/2025Boost Price Target$45.56$61.00Sector Outperform$0.0000.00% ROIFANGDiamondback Energy7/11/2025Boost Price Target$144.74$180.00Sector Outperform$0.0000.00% ROIDVNDevon Energy7/11/2025Boost Price Target$34.18$40.00Sector Outperform$0.0000.00% ROIDKDelek US7/11/2025Reiterated Rating$26.90$20.00Sector Perform$0.0000.00% ROICTRACoterra Energy7/11/2025Boost Price Target$25.19$35.00Sector Outperform$0.0000.00% ROICOPConocoPhillips7/11/2025Boost Price Target$95.78$100.00Sector Perform$0.0000.00% ROICVICVR Energy7/11/2025Boost Price Target$32.35$25.00Sector Underperform$0.0000.00% ROICVICVR Energy5/5/2025Boost Price Target$20.39$21.00Sector Underperform$00.0000.00% ROIEOGEOG Resources4/11/2025Upgrade$104.39$130.00Sector Outperform$000.0000.00% ROICVXChevron4/11/2025Downgrade$134.88$143.00Sector Perform$000.0000.00% ROIOXYOccidental Petroleum4/11/2025Downgrade$36.39$40.00Sector Perform$00.0000.00% ROICVICVR Energy4/11/2025Lower Price Target$17.72$16.00Sector Underperform$00.0000.00% ROICTRACoterra Energy4/11/2025Lower Price Target$25.13$33.00Sector Outperform$00.0000.00% ROICOPConocoPhillips4/11/2025Lower Price Target$86.36$95.00Sector Perform$000.0000.00% ROICLNEClean Energy Fuels4/11/2025Lower Price Target$1.49$4.00Sector Outperform$0.0000.00% ROIAPAAPA4/11/2025Lower Price Target$15.04$14.00Sector Perform$00.0000.00% ROIVLOValero Energy4/11/2025Lower Price Target$110.59$136.00Sector Outperform$000.0000.00% ROITTETotalEnergies4/11/2025Lower Price Target$56.13$60.00Sector Perform$00.0000.00% ROISHELShell4/11/2025Lower Price Target$62.05$70.00Sector Outperform$00.0000.00% ROIPSXPhillips 664/11/2025Lower Price Target$97.23$133.00Sector Outperform$000.0000.00% ROIPBFPBF Energy4/11/2025Lower Price Target$15.44$16.00Sector Perform$00.0000.00% ROIOPALOPAL Fuels4/11/2025Lower Price Target$1.36$3.50Sector Perform$0.0000.00% ROIMURMurphy Oil4/11/2025Lower Price Target$20.90$22.00Sector Perform$00.0000.00% ROIMPCMarathon Petroleum4/11/2025Lower Price Target$123.29$147.00Sector Outperform$000.0000.00% ROIMNTKMontauk Renewables4/11/2025Lower Price Target$2.08$4.00Sector Perform$0.0000.00% ROIRead this warning immediately (Ad)Porter Stansberry, founder of one of the world's largest financial research firms, says he's breaking the biggest story of his 26-year career. A famous historian whose books have sold over 45 million copies in 65 languages is warning of a structural shift so large it has only one historical parallel - 1776. One Stanford economist calls it 'the biggest change ever - bigger than electricity, bigger than the steam engine.' Stansberry outlines the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift.Read Porter Stansberry's full breakdown and protect your wealth nowHESHess4/11/2025Lower Price Target$128.42$146.58Sector Perform$0.0000.00% ROIFANGDiamondback Energy4/11/2025Lower Price Target$129.01$175.00Sector Outperform$000.0000.00% ROIDVNDevon Energy4/11/2025Lower Price Target$28.23$35.00Sector Outperform$00.0000.00% ROIDKDelek US4/11/2025Lower Price Target$12.48$14.00Sector Perform$00.0000.00% ROIDINOHF Sinclair4/11/2025Lower Price Target$27.73$49.00Sector Outperform$00.0000.00% ROI Stock Forecasts and Research Tools Today's Analyst Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter Price Forecasts for Popular Stocks Alphabet (Google) Stock ForecastAmazon Stock ForecastApple Stock ForecastMeta (Facebook) Stock ForecastMicrosoft Stock ForecastNetflix Stock ForecastNvidia Stock ForecastTesla Stock Forecast Top Stock Recommendations by BrokerageUBS GroupCitigroupBarclaysWells Fargo & CompanyMorgan StanleyRoyal Bank Of CanadaJPMorgan Chase & Co.Jefferies Financial GroupThe Goldman Sachs GroupTD CowenTruist FinancialPiper SandlerStifel NicolausRaymond James FinancialBMO Capital Markets Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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