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Analysts’ Opinions Are Mixed on These Energy Stocks: Paladin Energy Ltd (OtherPALAF), Parex Resources (OtherPARXF) and Suncor Energy (SU)

Tipranks - Tue Apr 21, 7:22AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Paladin Energy Ltd (PALAF), Parex Resources (PARXF) and Suncor Energy (SU).

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Paladin Energy Ltd (PALAF)

Paladin Energy Ltd received a Hold rating and a A$14.00 price target from Jefferies analyst Daniel Roden today. The company’s shares closed last Friday at $10.34.

According to TipRanks.com, Roden is a 4-star analyst with an average return of 16.1% and a 51.2% success rate. Roden covers the NA sector, focusing on stocks such as New Hope Corporation Limited, Whitehaven Coal Limited, and Deep Yellow Limited. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Paladin Energy Ltd with a $9.56 average price target, a -4.6% downside from current levels. In a report released today, Macquarie also downgraded the stock to Hold with a A$13.55 price target.

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Parex Resources (PARXF)

Roth MKM analyst Jamie Somerville maintained a Buy rating on Parex Resources today and set a price target of C$39.00. The company’s shares closed last Friday at $17.91, close to its 52-week high of $18.15.

According to TipRanks.com, Somerville is a 4-star analyst with an average return of 35.4% and a 84.2% success rate. Somerville covers the NA sector, focusing on stocks such as Gran Tierra Energy, Saturn Oil & Gas, and Surge Energy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Parex Resources with a $23.28 average price target.

Suncor Energy (SU)

In a report released today, Lloyd Byrne from Jefferies maintained a Hold rating on Suncor Energy, with a price target of C$93.00. The company’s shares closed last Friday at $61.16.

According to TipRanks.com, Byrne is a 5-star analyst with an average return of 20.6% and a 60.4% success rate. Byrne covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Flowco Holdings Inc Class A, and Baker Hughes Company. ;'>

Currently, the analyst consensus on Suncor Energy is a Moderate Buy with an average price target of $68.29, which is an 11.6% upside from current levels. In a report issued on April 5, Morgan Stanley also maintained a Hold rating on the stock with a C$92.00 price target.

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