Companies in the Energy sector have received a lot of coverage today as analysts weigh in on PBF Energy (PBF – Research Report) and Canadian Natural (CNQ – Research Report).
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PBF Energy (PBF)
In a report issued on April 1, Roger Read from Wells Fargo maintained a Hold rating on PBF Energy, with a price target of $22.00. The company’s shares closed last Wednesday at $19.55, close to its 52-week low of $18.82.
According to TipRanks.com, Read is a 4-star analyst with an average return of 4.4% and a 56.3% success rate. Read covers the NA sector, focusing on stocks such as Calumet Specialty Products, Liberty Oilfield Services, and HF Sinclair Corporation.
PBF Energy has an analyst consensus of Moderate Sell, with a price target consensus of $23.73, implying a 24.2% upside from current levels. In a report issued on March 25, UBS also maintained a Hold rating on the stock with a $23.00 price target.
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Canadian Natural (CNQ)
In a report released today, Gregory Pardy from RBC Capital maintained a Buy rating on Canadian Natural, with a price target of $63.00. The company’s shares closed last Wednesday at $31.44.
According to TipRanks.com, Pardy is a top 100 analyst with an average return of 19.3% and a 60.0% success rate. Pardy covers the NA sector, focusing on stocks such as Gran Tierra Energy, Vermilion Energy, and Parex Resources.
Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $39.89, implying a 29.2% upside from current levels. In a report issued on March 19, Scotiabank also upgraded the stock to Buy with a C$56.00 price target.
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