Analysts have been eager to weigh in on the Energy sector with new ratings on Enbridge (ENB – Research Report) and ARC Resources (AETUF – Research Report).
Enbridge (ENB)
In a report released today, Cole Pereira from Stifel Nicolaus reiterated a Hold rating on Enbridge, with a price target of C$52.00. The company’s shares closed last Friday at $34.23.
According to TipRanks.com, Pereira is a 5-star analyst with an average return of
Enbridge has an analyst consensus of Hold, with a price target consensus of $38.22, which is a 10.7% upside from current levels. In a report issued on January 30, National Bank also maintained a Hold rating on the stock with a C$52.00 price target.
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ARC Resources (AETUF)
In a report released today, Michael Dunn from Stifel Nicolaus maintained a Buy rating on ARC Resources, with a price target of C$25.00. The company’s shares closed last Friday at $15.69.
According to TipRanks.com, Dunn has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on ARC Resources is a Strong Buy with an average price target of $19.40, representing a 22.2% upside. In a report issued on February 8, BMO Capital also upgraded the stock to Buy with a C$25.00 price target.
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Read More on ENB:
- Enbridge (TSE:ENB) Slips after Posting Earnings Results
- Enbridge reaffirms FY24 EBITDA and DCF guidance
- Options Volatility and Implied Earnings Moves Today, February 09, 2024
- Enbridge Reports Record 2023 Financial Results, Reaffirms 2024 Financial Guidance and Advances Strategic Priorities
- Enbridge reports Q4 adjusted EPS C$0.64 vs. C$0.63 last year
