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Wall Street Analysts Are Neutral on Top Energy Picks

Tipranks - Wed Mar 18, 7:34AM CDT

Analysts fell to the sidelines weighing in on Hess Midstream Partners (HESMResearch Report) and Canadian Natural (CNQResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Hess Midstream Partners (HESM)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Hess Midstream Partners today and set a price target of $40.00. The company’s shares closed last Monday at $39.34.

According to TipRanks.com, Tonet is a 5-star analyst with an average return of 8.9% and a 60.9% success rate. Tonet covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Consolidated Edison. ;'>

Currently, the analyst consensus on Hess Midstream Partners is a Hold with an average price target of $39.00.

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Canadian Natural (CNQ)

Jefferies analyst Lloyd Byrne maintained a Hold rating on Canadian Natural yesterday and set a price target of C$59.00. The company’s shares closed last Monday at $48.79.

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 Tsakos Energy Navigation. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Natural with a $42.98 average price target, implying a -10.3% downside from current levels. In a report issued on March 9, Desjardins also maintained a Hold rating on the stock with a C$56.00 price target.

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