With recent disruptions in the international energy markets, there has been a renewed attention on public energy companies that stand to benefit from higher near-term prices. How do you play this market though? There are more than 500 energy companies trading on public markets, including pipeline companies, power plant operators, mining and exploration firms, energy technology companies, oil and gas producers, and other energy stocks. This makes it difficult to identify which sub-sectors of the energy market stand to outperform the market in the near term.
Fortunately, Wall Street's smartest minds have already done a lot of this hard work for us. Ever year, research analysts at big banks issue more than 8,000 research reports on public energy companies. No, they don't always get their predictions right, but it is taking a strong look when analysts at several different research firms are all forecasting strong earnings and revenue growth to the same few companies.
We have combed through these research reports and identified the 15 energy companies that Wall Street's top-rated research analysts believe will outperform the market in the next 12 months. If you are looking to make a play in the energy sector in the next few months, chances are the company that you should purchase is somewhere on this list. The energy companies on this list have the highest average analyst recommendations from Wall Street's equities research analysts over the last 12 months.
#1 - Ovintiv (TSE:OVV)
- Consensus Rating
- Strong Buy
- Rating Score
- 4.0
- Ratings Breakdown
- 5 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
About Ovintiv
Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
More about Ovintiv
Recent Analyst Ratings
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.6
- Ratings Breakdown
- 6 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $55.50 (8.7% Upside)
About Mplx
MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.
More about Mplx
Recent Analyst Ratings
#3 - Targa Resources (NYSE:TRGP)
- Consensus Rating
- Buy
- Rating Score
- 3.1
- Ratings Breakdown
- 15 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $198.79 (24.7% Upside)
About Targa Resources
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil.
More about Targa Resources
Recent Analyst Ratings
#4 - Cheniere Energy (NYSE:LNG)
- Consensus Rating
- Buy
- Rating Score
- 3.0
- Ratings Breakdown
- 15 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $252.23 (9.7% Upside)
About Cheniere Energy
Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
More about Cheniere Energy
Recent Analyst Ratings
- Consensus Rating
- Buy
- Rating Score
- 3.1
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $78.35 (17.0% Upside)
About Shell
Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.
More about Shell
Recent Analyst Ratings
#6 - Energy Transfer (NYSE:ET)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.9
- Ratings Breakdown
- 10 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $22.64 (26.1% Upside)
About Energy Transfer
Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
More about Energy Transfer
Recent Analyst Ratings
- Consensus Rating
- Buy
- Rating Score
- 3.0
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $64.33 (16.2% Upside)
About Sunoco
Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.
More about Sunoco
Recent Analyst Ratings
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.9
- Ratings Breakdown
- 18 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $49.11 (32.7% Upside)
About Baker Hughes
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.
More about Baker Hughes
Recent Analyst Ratings
#9 - Matador Resources (NYSE:MTDR)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.9
- Ratings Breakdown
- 14 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $69.44 (58.8% Upside)
About Matador Resources
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States. It operates through two segments, Exploration and Production; and Midstream. The company primarily holds interests in the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas.
More about Matador Resources
Recent Analyst Ratings
#10 - Talen Energy (NASDAQ:TLN)
- Consensus Rating
- Buy
- Rating Score
- 3.0
- Ratings Breakdown
- 12 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $240.18 (0.6% Upside)
About Talen Energy
Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.
More about Talen Energy
Recent Analyst Ratings
#11 - GE Vernova (NYSE:GEV)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.9
- Ratings Breakdown
- 26 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $374.62 (18.2% Downside)
About GE Vernova
GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.
More about GE Vernova
Recent Analyst Ratings
#12 - Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)
- Consensus Rating
- Buy
- Rating Score
- 3.1
- Ratings Breakdown
- 8 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $17.47 (45.3% Upside)
About Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.
More about Petróleo Brasileiro S.A. - Petrobras
Recent Analyst Ratings
#13 - Permian Resources (NYSE:PR)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.9
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $18.63 (42.2% Upside)
About Permian Resources
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.
More about Permian Resources
Recent Analyst Ratings
#14 - TechnipFMC (NYSE:FTI)
- Consensus Rating
- Buy
- Rating Score
- 3.0
- Ratings Breakdown
- 12 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $36.83 (21.6% Upside)
About TechnipFMC
TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.
More about TechnipFMC
Recent Analyst Ratings
#15 - Coterra Energy (NYSE:CTRA)
- Consensus Rating
- Moderate Buy
- Rating Score
- 2.9
- Ratings Breakdown
- 18 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $33.50 (36.7% Upside)
About Coterra Energy
Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.
More about Coterra Energy
Recent Analyst Ratings
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