Jefferies Initiate Coverage Equity analysts at Jefferies initiated coverage of a group of Canadian energy companies on Tuesday.
The firm gave “buy” recommendations to these stocks:
- AltaGas Ltd. with a $34 target. Average: $32.86.
- ARC Resources Ltd. with a $28 target. The average on the Street is $26.59.
- Crescent Point Energy Corp. with a $12 target. Average: $12.96.
- Enbridge Inc. with a $53 target. Average: $53.39.
- Gibson Energy Inc. with a $25 target. Average: $24.88.
- Keyera Corp. with a $38 target. Average: $36.21.
- NuVista Energy Ltd. with a $13 target. Average: $14.89.
- Paramount Resources Ltd. with a $33 target. Average: $35.11.
- Pembina Pipeline Corp. with a $52 target. Average: $52.73.
- Topaz Energy Corp. with a $23 target. Average: $26.54.
- Tourmaline Oil Corp. with a $70 target. Average: $77.97.
- Whitecap Resources Inc. with an $11 target. Average: $12.67.
These companies received “hold” recommendations:
- MEG Energy Corp. with a $28 target. Average: $29.96.
- Strathcona Resources Ltd. with a $26 target. Average: $31.50.
- TC Energy Corp. with a $57 target. Average: $55.03.