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Analysts’ Top Energy Picks: Canadian Natural (CNQ), Tamarack Valley Energy (TNEYF)

Tipranks - Tipranks - Thu Jul 30, 9:58AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Canadian Natural (CNQ) and Tamarack Valley Energy (TNEYF) with bullish sentiments.

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Canadian Natural (CNQ)

In a report released today, Neil Mehta from Goldman Sachs maintained a Buy rating on Canadian Natural, with a price target of $55.00. The company’s shares closed last Wednesday at $46.06.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 10.4% and a 59.1% success rate. Mehta covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Comstock Resources. ;'>

Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $49.83, which is an 8.6% upside from current levels. In a report issued on July 15, RBC Capital also maintained a Buy rating on the stock with a C$79.00 price target.

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Tamarack Valley Energy (TNEYF)

In a report released yesterday, Jeremy Mccrea from BMO Capital maintained a Buy rating on Tamarack Valley Energy, with a price target of C$16.00. The company’s shares closed last Tuesday at $9.23.

According to TipRanks.com, Mccrea is a top 100 analyst with an average return of 31.8% and a 65.4% success rate. Mccrea covers the NA sector, focusing on stocks such as Headwater Exploration, Paramount Resources, and Whitecap Resources. ;'>

Tamarack Valley Energy has an analyst consensus of Strong Buy, with a price target consensus of $10.99, which is a 21.1% upside from current levels. In a report released today, TipRanks – Google also upgraded the stock to Buy with a C$14.50 price target.

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