RBC adds 2 global oil and gas stocks to its superbly outperforming energy list
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2024
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Source: CNBC
- RBC Capital Markets: Added Shell and Woodside Energy to its Global Energy Best Ideas list, outperforming the benchmark by nearly 200% since inception.
- Stock Adjustments: Removed Santos from the preferred energy stocks list while adding Shell and Woodside Energy.
- Performance Comparison: Stocks in RBC's list declined by just 0.5% last month, outperforming iShares Global Energy ETF which fell by 2.5%.
- Long-Term Growth: RBC's stock list surged by over 188% since 2013, surpassing iShares Global Energy ETF's growth of 38.2%.
- Shell and Woodside Energy Outlook: RBC analysts are positive on Shell's stock, expecting a 20% rise in the next 12 months. Woodside Energy's success with the Sangomar oil project and debt-to-equity ratio improvement are noted.
Analyst Views on IXC
Wall Street analysts forecast IXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IXC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 45.010
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Current: 45.010
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
