Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Whitecap Resources (SPGYF), Canadian Natural (CNQ) and Crew Energy Inc (CWEGF).
Whitecap Resources (SPGYF)
In a report released today, Luke Davis from RBC Capital maintained a Buy rating on Whitecap Resources, with a price target of C$6.00. The company’s shares closed last Monday at $2.80, close to its 52-week low of $2.57.
According to TipRanks.com, Davis is ranked #336 out of 5556 analysts.
Whitecap Resources has an analyst consensus of Strong Buy, with a price target consensus of $5.20.
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Canadian Natural (CNQ)
RBC Capital analyst Gregory Pardy maintained a Buy rating on Canadian Natural today and set a price target of C$42.00. The company’s shares closed last Monday at $25.26.
According to TipRanks.com, Pardy is a 2-star analyst with an average return of -0.1% and a 44.9% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Baytex Energy Corp, and Cenovus Energy Inc.
Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $33.16, implying a 29.4% upside from current levels. In a report issued on October 15, CIBC also maintained a Buy rating on the stock with a C$46.00 price target.
Crew Energy Inc (CWEGF)
RBC Capital analyst Michael Harvey maintained a Hold rating on Crew Energy Inc today and set a price target of C$0.75. The company’s shares closed last Monday at $0.40, equals to its 52-week low of $0.40.
Harvey has an average return of 46.9% when recommending Crew Energy Inc.
According to TipRanks.com, Harvey is ranked #2773 out of 5556 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Crew Energy Inc with a $0.92 average price target.
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