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Analysts Offer Insights on Energy Companies: Canadian Natural (CNQ) and PBF Energy (PBF)

Tipranks - Tue Apr 14, 7:22AM CDT

Analysts fell to the sidelines weighing in on Canadian Natural (CNQ) and PBF Energy (PBF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Canadian Natural (CNQ)

Jefferies analyst Lloyd Byrne maintained a Hold rating on Canadian Natural today and set a price target of C$68.00. The company’s shares closed last Friday at $46.35.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 21.0% and a 62.1% success rate. Byrne covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Flowco Holdings Inc Class A, and Baker Hughes Company. ;'>

Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $48.83, implying a 6.9% upside from current levels. In a report issued on April 7, J.P. Morgan also maintained a Hold rating on the stock with a C$70.00 price target.

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PBF Energy (PBF)

In a report released today, Nitin Kumar CFA from Mizuho Securities maintained a Hold rating on PBF Energy, with a price target of $43.00. The company’s shares closed last Friday at $40.67.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 8.6% and a 64.8% success rate. CFA covers the NA sector, focusing on stocks such as California Resources Corp, HF Sinclair Corporation, and Occidental Petroleum. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for PBF Energy with a $40.18 average price target, a -0.2% downside from current levels. In a report issued on April 10, Goldman Sachs also initiated coverage with a Hold rating on the stock with a $49.00 price target.

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