Sector Update: Energy Stocks Rise in Monday Afternoon Trading
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Energy Market Performance: Energy stocks saw a rise on Monday, with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund both increasing by 1.2%, while crude oil prices also experienced gains.
Corporate Developments: Notable corporate news includes Obsidian Energy expecting a production increase for 2024, Casella Waste Systems acquiring new assets, and Teekay announcing a significant share buyback program.
Analyst Views on CWST
Wall Street analysts forecast CWST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CWST is 118.17 USD with a low forecast of 95.00 USD and a high forecast of 140.00 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.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 104.790
Low
95.00
Averages
118.17
High
140.00
Current: 104.790
Low
95.00
Averages
118.17
High
140.00
About CWST
Casella Waste Systems, Inc. is a regional, vertically integrated solid waste services company. The Company provides resource management and services to residential, commercial, municipal, institutional, and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services. It also holds collection operations across eastern Pennsylvania and western New Jersey. It manages its solid waste operations on a geographic basis through three regional operating segments: the Eastern, Western and Mid-Atlantic regions, each of which provides a comprehensive range of non-hazardous solid waste services. It manages its resource renewal operations through the Resource Solutions operating segment, which leverages its core competencies in materials processing, industrial recycling, organics and resource management service offerings to deliver comprehensive solutions for its commercial, municipal, institutional and industrial customers.
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.
