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Analysts Offer Insights on Energy Companies: Cenovus Energy (CVE) and Obsidian Energy (OBE)

Tipranks - Tipranks - Sat Feb 21, 4:21PM CST

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Cenovus Energy (CVE – Research Report) and Obsidian Energy (OBE – Research Report) with bullish sentiments.

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Cenovus Energy (CVE)

In a report released today, Chris MacCulloch from Desjardins maintained a Buy rating on Cenovus Energy, with a price target of C$36.00. The company’s shares closed last Friday at $22.57.

According to TipRanks.com, MacCulloch is a 5-star analyst with an average return of 25.1% and a 53.2% success rate. MacCulloch covers the NA sector, focusing on stocks such as Whitecap Resources, Canadian Natural, and Spartan Delta. ;'>

Currently, the analyst consensus on Cenovus Energy is a Strong Buy with an average price target of $24.01, implying a 4.3% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a C$30.00 price target.

See today’s best-performing stocks on TipRanks >>

Obsidian Energy (OBE)

In a report released today, Jeremy Mccrea from BMO Capital maintained a Buy rating on Obsidian Energy, with a price target of C$12.00. The company’s shares closed last Friday at $7.92.

According to TipRanks.com, Mccrea is a top 100 analyst with an average return of 27.0% and a 64.2% success rate. Mccrea covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Headwater Exploration, and PrairieSky Royalty. ;'>

Obsidian Energy has an analyst consensus of Moderate Buy, with a price target consensus of $9.41.

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