National Bank Upgrade Analysts at National Bank Financial made a series of target increases to energy stocks in their coverage universe on Thursday
Dan Payne’s adjustments include:
- Advantage Energy Ltd. ( “outperform”) to $10 from $9. The average on the Street is $9.06.
- Headwater Exploration Inc. ( “outperform”) to $7.70 from $7. Average: $7.32.
- Nuvista Energy Ltd. ( “sector perform”) to $9 from $7.50. Average: $8.65.
- Paramount Resources Ltd. ( “outperform”) to $30 from $28. Average: $28.90.
Travis Wood made these changes:
- ARC Resources Ltd. (, “outperform”) to $20 from $18.50. Average: $18.13.
- Canadian Natural Resources Ltd. (CNQ-T, “outperform”) to $76 from $69. Average: $63.30.
- Cenovus Energy Inc. ( “outperform”) to $25 from $22. Average: $20.29.
- Crescent Point Energy Corp. (CPG-T, “outperform”) to $13.50 from $12.50. Average: $9.50.
- Enerplus Corp. (“outperform”) to $19 from $17. Average: $15.44.
- Freehold Royalties Ltd. ( “outperform”) to $17 from $15.50. Average: $15.71.
- Imperial Oil Ltd. ( “outperform”) to $58 from $50. Average: $48.68.
- MEG Energy Corp. (MEG-T, “sector perform”) to $18.50 from $15. Average: $15.07.
- Peyto Exploration & Development Corp. (PEY-T, “outperform”) to $14 from $15. Average: $13.64.
- Prairiesky Royalty Ltd. (PSK-T, “sector perform”) to $18.50 from $21. Average: $19.12.
- Suncor Energy Inc. (SU-T, “sector perform”) to $45 from $39. Average: $40.45.
- Vermilion Energy Inc. (, “outperform”) to $30 from $19. Average: $16.75.
- Whitecap Resources Inc. ( “outperform”) to $14 from $12. Average: $10.95.