There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Veren (VRN – Research Report) and Trican Well Service (TOLWF – Research Report) with bullish sentiments.
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Veren (VRN)
In a report released yesterday, Michael Harvey from RBC Capital maintained a Buy rating on Veren, with a price target of C$10.00. The company’s shares closed last Monday at $5.40.
According to TipRanks.com, Harvey is a 5-star analyst with an average return of 14.7% and a 54.4% success rate. Harvey covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Headwater Exploration, and Paramount Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Veren with a $7.97 average price target.
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Trican Well Service (TOLWF)
In a report issued on January 10, Keith Mackey from RBC Capital maintained a Buy rating on Trican Well Service, with a price target of C$6.00. The company’s shares closed last Monday at $3.64.
According to TipRanks.com, Mackey is a top 100 analyst with an average return of 24.3% and a 65.4% success rate. Mackey covers the NA sector, focusing on stocks such as Liberty Oilfield Services, Atlas Energy Solutions, and Baker Hughes Company.
Currently, the analyst consensus on Trican Well Service is a Moderate Buy with an average price target of $3.66.
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