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Analysts Have Conflicting Sentiments on These Energy Companies: Plains All American (PAA) and Imperial Oil (IMO)

Tipranks - Thu May 14, 3:08AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Plains All American (PAA) and Imperial Oil (IMO).

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Plains All American (PAA)

In a report released yesterday, Michael Blum from Wells Fargo maintained a Hold rating on Plains All American, with a price target of $23.00. The company’s shares closed last Tuesday at $21.94.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 15.6% and a 69.7% success rate. Blum covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Venture Global, Inc. Class A, and Enterprise Products Partners. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plains All American with a $23.38 average price target, a 5.3% upside from current levels. In a report issued on April 27, TipRanks – Anthropic also downgraded the stock to Hold with a $23.50 price target.

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Imperial Oil (IMO)

TD Cowen analyst Menno Hulshof maintained a Sell rating on Imperial Oil yesterday and set a price target of C$156.00. The company’s shares closed last Tuesday at $133.42.

According to TipRanks.com, Hulshof is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Hulshof covers the NA sector, focusing on stocks such as Vermilion Energy, Canadian Natural, and Cenovus Energy. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Imperial Oil with a $106.80 average price target, implying a -18.6% downside from current levels. In a report issued on May 4, J.P. Morgan also maintained a Sell rating on the stock with a C$149.00 price target.

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