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Analysts Offer Insights on Energy Companies: Canadian Natural (CNQ) and Mach Natural Resources LP (MNR)

Tipranks - Tipranks - Sat Aug 8, 1:11PM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Canadian Natural (CNQ) and Mach Natural Resources LP (MNR).

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Canadian Natural (CNQ)

In a report released yesterday, 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 Friday at $45.55.

According to TipRanks.com, Mehta is a 5-star analyst with an average return of 10.0% and a 58.7% success rate. Mehta covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Comstock Resources. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Natural with a $50.80 average price target, representing a 12.8% upside. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$72.00 price target.

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Mach Natural Resources LP (MNR)

In a report released today, Gabriel Daoud from Truist Financial maintained a Hold rating on Mach Natural Resources LP. The company’s shares closed last Friday at $12.93.

According to TipRanks.com, Daoud is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -10.3% and a 36.3% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Occidental Petroleum. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mach Natural Resources LP with a $19.25 average price target, representing a 48.6% upside. In a report released yesterday, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $14.50 price target.

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