Analysts have been eager to weigh in on the Utilities sector with new ratings on Cimarex Energy (XEC) and NuVista Energy (NUVSF).
Cimarex Energy (XEC)
Barclays analyst Jeanine Wai maintained a Buy rating on Cimarex Energy on December 7 and set a price target of $48.00. The company’s shares closed last Tuesday at $37.89.
According to TipRanks.com, Wai is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.0% and a 34.2% success rate. Wai covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Marathon Oil, and Diamondback.
Cimarex Energy has an analyst consensus of Strong Buy, with a price target consensus of $41.42, an 11.3% upside from current levels. In a report issued on December 1, MKM Partners also maintained a Buy rating on the stock with a $44.00 price target.
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NuVista Energy (NUVSF)
RBC Capital analyst Michael Harvey maintained a Hold rating on NuVista Energy on December 7 and set a price target of C$1.50. The company’s shares closed last Tuesday at $0.79.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of 4.3% and a 46.5% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Advantage Oil & Gas.
Currently, the analyst consensus on NuVista Energy is a Hold with an average price target of $0.92.
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