BUZZ-U.S. energy firms rise as Mizuho upgrades price target on high oil prices forecast

Reuters05-13

** U.S. energy firms rise marginally premarket as Mizuho raises price target

** "Overall, we see strength in global oil prices near-term, given higher non-OECD demand and more modest supply gains (particularly OPEC+ spare capacity)", say Mizuho analysts in a note

** Brokerage says that although natural gas prices have been weak this year, based on their supply-demand outlook, they see more bullish inventory changes for the rest of 2024 and into 2025.

** Adds that the potential for stronger domestic demand in the U.S. led by power generation offsets delays in LNG projects and potential competition from international LNG.

Company Current PT Previous PT

ConocoPhillips $142 $139

Diamondback $226 $217

Energy

Exxon Mobil $128 $125

Chevron $205 $200

EQT $45 $43

Chesapeake $111 $101

Energy

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: ))

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