There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Suncor Energy (SU – Research Report) and Obsidian Energy (OBE – Research Report) with bullish sentiments.
Suncor Energy (SU)
Wells Fargo analyst Roger Read maintained a Buy rating on Suncor Energy yesterday and set a price target of C$60.00. The company’s shares closed last Tuesday at $38.94, close to its 52-week high of $39.73.
According to TipRanks.com, Read is a 5-star analyst with an average return of
Suncor Energy has an analyst consensus of Moderate Buy, with a price target consensus of $41.36, a 6.5% upside from current levels. In a report issued on April 22, CIBC also maintained a Buy rating on the stock with a C$65.00 price target.
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Obsidian Energy (OBE)
In a report released yesterday, Cody Kwong from Stifel Nicolaus maintained a Buy rating on Obsidian Energy, with a price target of C$14.00. The company’s shares closed last Tuesday at $8.01.
According to TipRanks.com, Kwong is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Obsidian Energy with a $11.17 average price target, implying a 39.6% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a C$15.00 price target.
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