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Rjkumari Saxena

3 High-Upside Energy Stocks Based on Analyst Price Targets

ET MRO CVE Oil OPEC Natural Gas United States Cenovus Energy Inc ConocoPhillips Marathon Oil Corporation

The oil and gas industry is rapidly evolving, with continuous OPEC+ production cuts, renewed oil demand and supply forecasts, and oil inventory shifts amid geopolitical concerns in the Middle East. Further, robust OPEC and IEA predictions of robust oil demand in the second half of 2024 depict a positive outlook.

Against this backdrop, it could be wise to invest in fundamentally strong energy stocks Marathon Oil Corporation (MRO), Cenovus Energy Inc. (CVE), and Energy Transfer LP (ET) poised for high upside.

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