CIBC Raise Target Analysts at CIBC World Markets made a series of target price changes to stocks in Canada’s energy sector on Monday
Denis Fong increased his targets for these stocks:
- Canadian Natural Resources Ltd. ( “outperformer”) to $95 from $93. The average on the Street is $95.95.
- Cenvous Energy Inc. ( “outperformer”) to $32 from $31. Average: $31.85.
- Crescent Point Energy Corp. ( “outperformer”) to $15 from $14.75. Average: $14.25.
- Imperial Oil Ltd. ( “neutral”) to $85 from $76. Average: $84.
- MEG Energy Corp. ( “neutral”) to $27 from $23. Average: $28.46.
Jamie Kubik raised his targets for these companies:
- Enerplus Corp. ( “outperformer”) to US$23 from US$22. Average: US$25.81.
- Ensign Energy Services Inc. ( “neutral”) to $4 from $3.50. Average: $4.93.
- Kelt Exploration Ltd. ( “outperformer”) to $9 from $8.75. Average: $8.88.
- Secure Energy Services Inc. ( “neutral”) to $8 from $7.50. Average: $9.13.
Mr. Kubik cut his target prices for these stocks:
- Enerflex Ltd. ( “neutral”) to $8.50 from $11.25. Average: $12.17.
- Freehold Royalties Ltd. ( “neutral”) to $16.50 from $16.75. Average: $19.13.
- Nuvista Energy Ltd. ( “outperformer”) to $15.75 from $16. Average: $15.71.
- Paramount Resources Ltd. ( “neutral”) to $40 from $42.50. Average: $39.
- Topaz Energy Corp. ( “outperformer”) to $26.50 from $26.75. Average: $27.52.