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Analysts Have Conflicting Sentiments on These Energy Companies: NexGen Energy (NXE), Targa Resources (TRGP) and Enbridge (ENB)

Tipranks - Tipranks - Tue May 12, 6:36AM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on NexGen Energy (NXE), Targa Resources (TRGP) and Enbridge (ENB).

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NexGen Energy (NXE)

According to TipRanks.com, CFA is a 5-star analyst with an average return of 12.4% and a 54.1% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Cf Industries Holdings, Aclara Resources, Inc., and Lsb Industries. ;'>

NexGen Energy has an analyst consensus of Strong Buy, with a price target consensus of $17.34, a 38.8% upside from current levels. In a report issued on May 8, Scotiabank also maintained a Buy rating on the stock with a C$22.00 price target.

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Targa Resources (TRGP)

TD Cowen analyst Jason Gabelman maintained a Hold rating on Targa Resources today and set a price target of $245.00. The company’s shares closed last Friday at $248.12.

According to TipRanks.com, Gabelman is a 5-star analyst with an average return of 12.7% and a 63.0% success rate. Gabelman covers the NA sector, focusing on stocks such as Enterprise Products Partners, HF Sinclair Corporation, and Par Pacific Holdings. ;'>

Targa Resources has an analyst consensus of Strong Buy, with a price target consensus of $271.14, a 7.5% upside from current levels. In a report issued on May 4, Seaport Global also downgraded the stock to Hold.

Enbridge (ENB)

The company’s shares closed last Friday at $53.59.

According to TipRanks.com, Choy is a 5-star analyst with an average return of 16.5% and a 80.4% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, TransAlta, and Fortis. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enbridge with a $58.53 average price target, which is a 7.6% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a C$84.00 price target.

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