There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Pioneer Natural (PXD), ARC Resources (AETUF) and Brookfield Infrastructure (BIP) with bullish sentiments.
Pioneer Natural (PXD)
RBC Capital analyst Scott Hanold maintained a Buy rating on Pioneer Natural on May 11 and set a price target of $106.00. The company’s shares closed last Wednesday at $80.45.
According to TipRanks.com, Hanold has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -15.2% and a 31.1% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Southwestern Energy, and Matador Resources.
Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $97.95, a 16.7% upside from current levels. In a report issued on April 29, Citigroup also maintained a Buy rating on the stock with a $98.00 price target.
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ARC Resources (AETUF)
RBC Capital analyst Michael Harvey maintained a Buy rating on ARC Resources on May 11 and set a price target of C$6.00. The company’s shares closed last Wednesday at $3.61.
According to TipRanks.com, Harvey is a 1-star analyst with an average return of -2.1% and a 42.2% success rate. Harvey covers the Utilities sector, focusing on stocks such as Painted Pony Petroleum, Crescent Point Energy, and Advantage Oil & Gas.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ARC Resources with a $5.54 average price target, a 49.7% upside from current levels. In a report issued on May 7, Canaccord Genuity also maintained a Buy rating on the stock with a price target.
Brookfield Infrastructure (BIP)
RBC Capital analyst Robert Kwan maintained a Buy rating on Brookfield Infrastructure on May 11 and set a price target of $51.00. The company’s shares closed last Wednesday at $38.92.
According to TipRanks.com, Kwan is a 5-star analyst with an average return of 10.2% and a 67.6% success rate. Kwan covers the Utilities sector, focusing on stocks such as AltaGas, Fortis, and Emera.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Infrastructure with a $46.70 average price target, representing a 15.2% upside. In a report issued on May 11, BMO Capital also maintained a Buy rating on the stock with a $46.00 price target.
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