Analysts have been eager to weigh in on the Utilities sector with new ratings on Continental Resources (CLR – Research Report), MEG Energy (MEGEF – Research Report) and ARC Resources (AETUF – Research Report).
Continental Resources (CLR)
In a report issued on July 29, Scott Hanold from RBC Capital maintained a Hold rating on Continental Resources, with a price target of $80.00. The company’s shares closed last Monday at $67.93.
According to TipRanks.com, Hanold is a top 25 analyst with an average return of
Currently, the analyst consensus on Continental Resources is a Hold with an average price target of $75.73, which is an 11.9% upside from current levels. In a report released yesterday, Scotiabank also downgraded the stock to Hold with a $90.00 price target.
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MEG Energy (MEGEF)
In a report issued on July 29, Gregory Pardy from RBC Capital maintained a Buy rating on MEG Energy, with a price target of C$24.00. The company’s shares closed last Monday at $13.30.
According to TipRanks.com, Pardy is a top 100 analyst with an average return of
MEG Energy has an analyst consensus of Moderate Buy, with a price target consensus of $19.24, which is a 38.8% upside from current levels. In a report issued on July 18, National Bank also maintained a Buy rating on the stock with a C$30.00 price target.
ARC Resources (AETUF)
In a report issued on July 29, Michael Harvey from RBC Capital maintained a Buy rating on ARC Resources, with a price target of C$26.00. The company’s shares closed last Monday at $13.90.
According to TipRanks.com, Harvey is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ARC Resources with a $19.44 average price target, which is a 52.8% upside from current levels. In a report issued on July 18, National Bank also maintained a Buy rating on the stock with a C$27.00 price target.
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