Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 11:08:48 23 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

Text Size
Jul.07
11:31 AM ET
Tuesday, 7 Jul 2009
Barclays Adjusts Its Oil Stock Price Targets

As the price of oil hovered above $64 a barrel Tuesday, Barclays made sweeping changes to its price targets and ratings for some of the biggest players in the crude industry.

Barclays raised Hess Corp [HES  Loading...      ()   ] to overweight from equal weight, sending shares of the oil company more than 2 percent higher in pre-market trading.

But Alon USA Energy [ALJ  Loading...      ()   ] saw its Barclays price target cut to $8 from $9 with an underweight rating. Alon’s shares closed 7.7 percent lower at $9.46 Monday.

Barclays dropped its price target for Chevron [CVX  Loading...      ()   ] to $96 from $99, which is still way above its Monday close price of $64.14.

ConocoPhillips [COP  Loading...      ()   ] saw its Barclays price target edge down from $61 to $59. It closed at $40.83 Monday.

The price target for Exxon Mobil [XOM  Loading...      ()   ] was upped by Barclays to $91 from $87. It closed Monday at $68.10.

Barclays cut Marathon Oil’s [MRO  Loading...      ()   ] price target to $38 from $39, which is still more than double its close price of $28.76.

Murphy Oil [MUR  Loading...      ()   ] saw its Barclays price target rise to $73 from $72, even higher above its Monday close of $51.10.

Petro Canada’s [PCZ  Loading...      ()   ] price target got cut by Barclays to C$63 from C$64, but had an overweight rating.

Also in Canada, Suncor Energy [SU  Loading...      ()   ] had its price target reduced to C$49 from C$50 by Barclays.

Disclaimer

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 06:27:23 23 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:08:23 23 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:23:55 23 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 09:12:15 23 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters