There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Canadian Natural (CNQ), Baytex Energy Corp (BTE) and Birchcliff Energy Ltd (BIREF) with bullish sentiments.
Canadian Natural (CNQ)
In a report released yesterday, Chris Cox from Raymond James reiterated a Buy rating on Canadian Natural. The company’s shares opened today at $26.61.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
Canadian Natural has an analyst consensus of Strong Buy.
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Baytex Energy Corp (BTE)
In a report released yesterday, Jeremy Mccrea from Raymond James reiterated a Buy rating on Baytex Energy Corp. The company’s shares opened today at $1.67, close to its 52-week low of $1.64.
According to TipRanks.com, Mccrea is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -20.7% and a 21.9% success rate. Mccrea covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The the analyst consensus on Baytex Energy Corp is currently a Strong Buy rating.
Birchcliff Energy Ltd (BIREF)
In a report released yesterday, Kurt Molnar from Raymond James reiterated a Buy rating on Birchcliff Energy Ltd. The company’s shares opened today at $2.45, close to its 52-week low of $2.24.
According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -28.6% and a 10.6% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, NuVista Energy Ltd, and Vermilion Energy.
Birchcliff Energy Ltd has an analyst consensus of Strong Buy.
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