CIBC CIBC World Markets analysts Dennis Fong, Jamie Kubik and Christopher Thompson made a series of target price adjustments to energy sector stocks in their coverage universe on Tuesday.
Their changes included:
- Advantage Energy Ltd. ( “neutral”) to $12 from $13.50. Average: $14.48.
- Baytex Energy Corp. ( “neutral”) to $8 from $8.50. Average: $8.57.
- Birchcliff Energy Ltd. ( “neutral”) to $10.50 from $12.75. Average: $13.86.
- Cardinal Energy Ltd. ( “neutral”) to $9 from $11. Average: $9.93.
- Cenovus Energy Inc. ( “outperformer”) to $31 from $32. Average: $33.33.
- Crescent Point Energy Corp. (“outperformer”) to $15 from $16. Average: $14.25.
- Enerflex Ltd. (“neutral”) to $11 from $10. Average: $11.97.
- Ensign Energy Services Inc. ( “neutral”) to $5 from $4.75. Average: $6.03.
- Imperial Oil Ltd. ( “neutral”) to $76 from $70. Average: $78.94.
- Kelt Exploration Ltd. (“outperformer”) to $7 from $9. Average: $9.23.
- MEG Energy Corp. ( “neutral”) to $20 from $22. Average: $23.86.
- Precision Drilling Corp. (“outperformer”) to $150 from $125. Average: $152.72.
- Secure Energy Services Inc. (“outperformer”) to $10.50 from $9.50. Average: $10.01.
- Spartan Delta Corp. ( “outperformer”) to $20 from $19.50. Average: $21.
- Topaz Energy Corp. ( “outperformer”) to $27 from $29. Average: $30.34.
- Vermilion Energy Inc. ( “neutral”) to $26 from $36. Average: $34.86.