Analysts have been eager to weigh in on the Energy sector with new ratings on ARC Resources (AETUF – Research Report), Baytex Energy (BTE – Research Report) and Pembina Pipeline (PBA – Research Report).
ARC Resources (AETUF)
BMO Capital analyst Randy Ollenberger maintained a Buy rating on ARC Resources yesterday and set a price target of C$30.00. The company’s shares closed last Thursday at $18.93, close to its 52-week high of $19.16.
According to TipRanks.com, Ollenberger is a 5-star analyst with an average return of
Currently, the analyst consensus on ARC Resources is a Strong Buy with an average price target of $22.01, representing a 17.8% upside. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a C$28.00 price target.
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Baytex Energy (BTE)
In a report released yesterday, Jeremy Mccrea from BMO Capital maintained a Hold rating on Baytex Energy, with a price target of C$6.00. The company’s shares closed last Thursday at $3.74.
According to TipRanks.com, Mccrea is a 5-star analyst with an average return of
Baytex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $4.77, which is a 28.6% upside from current levels. In a report released today, Scotiabank also maintained a Hold rating on the stock with a C$6.00 price target.
Pembina Pipeline (PBA)
In a report released today, Benjamin Pham from BMO Capital maintained a Buy rating on Pembina Pipeline, with a price target of C$53.00. The company’s shares closed last Thursday at $36.64, close to its 52-week high of $36.77.
According to TipRanks.com, Pham is a 5-star analyst with an average return of
Currently, the analyst consensus on Pembina Pipeline is a Strong Buy with an average price target of $39.61, implying an 8.2% upside from current levels. In a report issued on April 25, RBC Capital also maintained a Buy rating on the stock with a C$58.00 price target.
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