There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Crescent Point Energy (CPG – Research Report), Parex Resources (PARXF – Research Report) and MPLX (MPLX – Research Report) with bullish sentiments.
Crescent Point Energy (CPG)
RBC Capital analyst Michael Harvey maintained a Buy rating on Crescent Point Energy on May 10 and set a price target of C$13.00. The company’s shares closed last Tuesday at $8.59.
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 Crescent Point Energy with a $10.89 average price target, which is a 27.1% upside from current levels. In a report issued on May 7, Canaccord Genuity also maintained a Buy rating on the stock with a C$14.50 price target.
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Parex Resources (PARXF)
RBC Capital analyst Gregory Pardy maintained a Buy rating on Parex Resources on May 13 and set a price target of C$28.00. The company’s shares closed last Tuesday at $17.44.
According to TipRanks.com, Pardy is a top 100 analyst with an average return of
Currently, the analyst consensus on Parex Resources is a Strong Buy with an average price target of $21.57, representing a 20.9% upside. In a report issued on May 9, Haywood also maintained a Buy rating on the stock with a C$33.00 price target.
MPLX (MPLX)
In a report issued on May 10, Elvira Scotto from RBC Capital maintained a Buy rating on MPLX, with a price target of $47.00. The company’s shares closed last Tuesday at $40.45.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of
MPLX has an analyst consensus of Strong Buy, with a price target consensus of $46.71, representing a 13.4% upside. In a report issued on May 2, Truist Financial also maintained a Buy rating on the stock with a $48.00 price target.
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