Oil prices have surged 16% in a month, leading to speculation there might be a sustained rally for the most widely traded commodity. That, of course, would help shares of U.S. oil-related companies.
OPEC Secretary General Mohammad Barkindo has expressed confidence that Russia will participate in the cartel’s effort to cut oil production to boost prices. Some analysts believe the outlook for oil prices is positive due to weak dollar and UK's inflation data. Moreover, recent comments by FED Chairman Janet Yellen to strengthen the US economy is yet another signal that oil prices will continue to rise.
Marathon Petroleum Corp.(MPC)
Share of analysts rating the shares buy: 93%
Consensus 12-month price target: $50.08 per share
Schumberger NV(SLB)
Share of analysts rating the shares buy: 80%
Consensus 12-month price target: $80.98 per share
Anadarko Petroleum Corp.(APC)
Share of analysts rating the shares buy: 76%
Consensus 12-month price target: $62.51 per share
Pioneer Natural Resources Co.(PXD)
Share of analysts rating the shares buy: 87%
Consensus 12-month price target: $184.28 per share
Halliburton Co.(HAL)
Share of analysts rating the shares buy: 85%
Consensus 12-month price target: $46.32 per share
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