Analysts have been eager to weigh in on the Utilities sector with new ratings on EQT (EQT), Crescent Point Energy (CPG) and Emera (EMRAF).
EQT (EQT)
In a report issued on May 11, Scott Hanold from RBC Capital maintained a Buy rating on EQT, with a price target of $25.00. The company’s shares closed last Thursday at $20.14, close to its 52-week high of $21.79.
According to TipRanks.com, Hanold is a 3-star analyst with an average return of 2.5% and a 43.9% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $23.62 average price target, which is a 14.9% upside from current levels. In a report issued on May 7, Tudor Pickering also upgraded the stock to Buy with a $24.00 price target.
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Crescent Point Energy (CPG)
RBC Capital analyst Michael Harvey maintained a Hold rating on Crescent Point Energy on May 12 and set a price target of C$6.50. The company’s shares closed last Thursday at $3.88.
According to TipRanks.com, Harvey is a 5-star analyst with an average return of 13.3% and a 51.7% success rate. Harvey covers the Utilities sector, focusing on stocks such as Paramount Resources, Advantage Oil & Gas, and Birchcliff Energy.
Currently, the analyst consensus on Crescent Point Energy is a Moderate Buy with an average price target of $5.71.
Emera (EMRAF)
RBC Capital analyst Maurice Choy maintained a Buy rating on Emera on May 12 and set a price target of C$62.00. The company’s shares closed last Thursday at $46.10, close to its 52-week high of $47.80.
According to TipRanks.com, Choy is a 4-star analyst with an average return of 24.1% and a 87.0% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, ATCO Ltd., and Fortis.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Emera with a $50.10 average price target, representing an 8.5% upside. In a report issued on April 28, Raymond James also maintained a Buy rating on the stock with a C$61.00 price target.
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