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Analysts’ Top Energy Picks: Obsidian Energy (OBE), Expand Energy (EXE)

Tipranks - Tipranks - Sat Apr 11, 6:34AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Obsidian Energy (OBE), Expand Energy (EXE) and Canadian Natural (CNQ) with bullish sentiments.

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Obsidian Energy (OBE)

BMO Capital analyst Jeremy Mccrea maintained a Buy rating on Obsidian Energy on April 8 and set a price target of C$14.50. The company’s shares closed last Thursday at $8.81, close to its 52-week high of $9.07.

According to TipRanks.com, Mccrea is a top 100 analyst with an average return of 29.1% and a 65.4% success rate. Mccrea covers the NA sector, focusing on stocks such as Headwater Exploration, Paramount Resources, and PrairieSky Royalty. ;'>

Currently, the analyst consensus on Obsidian Energy is a Moderate Buy with an average price target of $10.49, representing a 15.4% upside. In a report issued on March 30, Raymond James also upgraded the stock to Buy with a C$15.00 price target.

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Expand Energy (EXE)

Piper Sandler analyst Mark Lear maintained a Buy rating on Expand Energy today and set a price target of $138.00. The company’s shares closed last Thursday at $99.50.

According to TipRanks.com, Lear is a 4-star analyst with an average return of 5.6% and a 58.1% success rate. Lear covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Tamboran Resources Corporation, and LandBridge Company LLC Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Expand Energy with a $133.80 average price target, implying a 34.7% upside from current levels. In a report issued on April 7, TipRanks – xAI also upgraded the stock to Buy with a $116.00 price target.

Canadian Natural (CNQ)

In a report issued on April 8, Randy Ollenberger from BMO Capital maintained a Buy rating on Canadian Natural, with a price target of C$75.00. The company’s shares closed last Thursday at $45.70.

According to TipRanks.com, Ollenberger is a 5-star analyst with an average return of 13.2% and a 58.7% success rate. Ollenberger covers the NA sector, focusing on stocks such as Birchcliff Energy, Cenovus Energy, and Suncor Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Natural with a $48.46 average price target, a 3.3% upside from current levels. In a report issued on April 8, RBC Capital also maintained a Buy rating on the stock with a C$80.00 price target.

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