There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Canadian Natural (CNQ – Research Report), Precision Drilling (PDS – Research Report) and Whitecap Resources (SPGYF – Research Report) with bullish sentiments.
Canadian Natural (CNQ)
CIBC analyst Dennis Fong maintained a Buy rating on Canadian Natural today and set a price target of C$115.00. The company’s shares closed last Monday at $76.72.
According to TipRanks.com, Fong is a 4-star analyst with an average return of 4.3% and a 49.0% success rate. Fong covers the NA sector, focusing on stocks such as Crescent Point Energy, Birchcliff Energy, and Cenovus Energy.
Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $79.10, implying a 3.6% upside from current levels. In a report issued on April 9, RBC Capital also maintained a Buy rating on the stock with a C$120.00 price target.
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Precision Drilling (PDS)
CIBC analyst Jamie Kubik maintained a Buy rating on Precision Drilling today and set a price target of C$130.00. The company’s shares closed last Monday at $65.84.
According to TipRanks.com, Kubik is a 5-star analyst with an average return of 11.3% and a 51.5% success rate. Kubik covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Paramount Resources, and PrairieSky Royalty.
Precision Drilling has an analyst consensus of Strong Buy, with a price target consensus of $91.24, representing a 37.3% upside. In a report issued on April 11, RBC Capital also maintained a Buy rating on the stock with a C$122.00 price target.
Whitecap Resources (SPGYF)
CIBC analyst David Popowich maintained a Buy rating on Whitecap Resources today and set a price target of C$15.00. The company’s shares closed last Monday at $7.58.
Popowich has an average return of 52.2% when recommending Whitecap Resources.
According to TipRanks.com, Popowich is ranked #1292 out of 8786 analysts.
Whitecap Resources has an analyst consensus of Strong Buy, with a price target consensus of $9.79, which is a 30.7% upside from current levels. In a report issued on April 8, RBC Capital also maintained a Buy rating on the stock with a C$13.00 price target.
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