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Analysts Offer Insights on Energy Companies: Canadian Natural (CNQ) and Marathon Petroleum (MPC)

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Canadian Natural (CNQResearch Report) and Marathon Petroleum (MPCResearch Report).

Canadian Natural (CNQ)

In a report released yesterday, Lloyd Byrne from Jefferies maintained a Hold rating on Canadian Natural, with a price target of C$86.00. The company’s shares closed last Tuesday at $65.02.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 27.4% and a 52.1% success rate. Byrne covers the NA sector, focusing on stocks such as Occidental Petroleum, Baker Hughes Company, and Chesapeake Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Natural with a $70.25 average price target.

See the top stocks recommended by analysts >>

Marathon Petroleum (MPC)

Scotiabank analyst Paul Cheng assigned a Buy rating to Marathon Petroleum today and set a price target of $163.00. The company’s shares closed last Tuesday at $169.89, close to its 52-week high of $170.18.

According to TipRanks.com, Cheng is a 3-star analyst with an average return of 2.7% and a 47.5% success rate. Cheng covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Clean Energy Fuels.

Marathon Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $167.00, representing a 2.9% upside. In a report issued on January 16, Jefferies also maintained a Buy rating on the stock with a $181.00 price target.

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