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Analysts Have Conflicting Sentiments on These Energy Companies: Scorpio Tankers (STNG) and TC Energy (TRP)

Tipranks - Wed Apr 1, 5:52AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Scorpio Tankers (STNG) and TC Energy (TRP).

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Scorpio Tankers (STNG)

Bank of America Securities analyst Ken Hoexter maintained a Sell rating on Scorpio Tankers today and set a price target of $72.00. The company’s shares closed last Monday at $73.66.

According to TipRanks.com, Hoexter is a 3-star analyst with an average return of 0.6% and a 48.4% success rate. Hoexter covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Canadian Pacific Kansas City, and Canadian National Railway. ;'>

Scorpio Tankers has an analyst consensus of Moderate Buy, with a price target consensus of $81.50.

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TC Energy (TRP)

Citi analyst Spiro M. Dounis assigned a Hold rating to TC Energy yesterday and set a price target of C$95.00. The company’s shares closed last Monday at $63.02.

According to TipRanks.com, Dounis is a 5-star analyst with an average return of 9.1% and a 66.2% success rate. Dounis covers the NA sector, focusing on stocks such as Enterprise Products Partners, Venture Global, Inc. Class A, and Cheniere Energy Partners. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TC Energy with a $63.33 average price target, implying a -0.5% downside from current levels. In a report issued on March 26, TipRanks – OpenAI also downgraded the stock to Hold with a C$97.00 price target.

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