Goldman Sachs oil targets changed for three U.S. exploration and production companies after the firm refreshed its estimates for part of the sector, according to research attributed to analyst Neil Mehta.
Goldman Sachs increased its Talos Energy (NYSE: TALO) price objective to $20 from $17 and retained a Buy rating. For Murphy Oil (NYSE: MUR), the firm trimmed its target to $34 from $35 while keeping a Neutral rating.
Goldman Sachs Oil Targets Include Divergent APA View
Goldman Sachs lifted its APA Corp. target price to $43 from $31 but maintained a Sell rating. The differing ratings indicate that higher target prices did not necessarily translate into more favorable recommendations across the covered companies.
The Goldman Sachs oil targets are research opinions rather than company guidance or confirmed forecasts. Independent verification of the underlying research note was not available from the supplied material.
