Canada Research Roundup: MEG Energy, Imperial Oil, Vermilion Energy

Gear Energy

08/04/2019 10:19

April 8 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including MEG Energy, Imperial Oil and Vermilion Energy, on Monday. 
    
  HIGHLIGHTS        
     * MEG Energy  MEG.TO : National Bank of Canada raises to outperform from sector perform
     * Imperial Oil Ltd  IMO.TO : National Bank of Canada raises target price to C$48 from C$42
     * Vermilion Energy Inc  VET.TO : National Bank of Canada cuts target to C$40 from C$41
        
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 
       
     * Alacer Gold Corp  ASR.TO : CIBC raises price target to C$4.50 from C$4
     * Arc Resources Ltd  ARX.TO : National Bank of Canada raises target to C$12 from C$11
     * Athabasca Oil Corp  ATH.TO : National Bank of Canada raises target to C$1.6 from C$1.55
     * Bonavista Energy  BNP.TO : National Bank of Canada raises target to C$1.40 from C$1.30
     * Canadian Natural Resources  CNQ.TO : National Bank of Canada raises TP to C$49 from C$42
     * Cenovus Energy Inc  CVE.TO : National Bank of Canada raises target to C$17.5 from C$14.5
     * Centerra Gold Inc  CG.TO : CIBC raises price target to C$9 from C$8.50
     * Corus Entertainment Inc  CJRb.TO : CIBC raises price target to C$9 from C$8
     * Corus Entertainment Inc  CJRb.TO : RBC raises target price to C$8 from C$7.50
     * Crescent Point Energy  CPG.TO : National Bank of Canada raises TP to C$8.5 from C$6.5
     * Encana Corp  ECA.TO : National Bank of Canada raises target price to C$11 from C$10.5
     * Enerplus Corp  ERF.TO : National Bank of Canada raises target to C$17.5 from C$16.5
     * Equinox Gold Corp  EQX.V : CIBC raises price target to C$1.60 from C$1.50
     * Freehold Royalties  FRU.TO : National Bank of Canada raises target to C$11 from C$10
     * Gear Energy Ltd  GXE.TO : National Bank of Canada raises target to C$1.15 from C$1.10
     * George Weston Ltd  WN.TO : CIBC raises price target to C$113 from C$109
     * Granite Oil Corp  GXO.TO : National Bank of Canada cuts target price to C$0.90 from C$1
     * Imperial Oil Ltd  IMO.TO : National Bank of Canada raises target price to C$48 from C$42
     * MEG Energy Corp  MEG.TO : National Bank of Canada raises target to C$8.5 from C$6.5
     * MEG Energy  MEG.TO : National Bank of Canada raises to outperform from sector perform
     * Painted Pony Energy  PONY.TO : National Bank of Canada raises TP to C$2.25 from C$1.75
     * Pengrowth Energy  PGF.TO : National Bank of Canada cuts target to C$0.50 from C$0.55
     * Petroshale Inc  PSH.V : National Bank of Canada cuts target price to C$2.50 from C$2.75
     * Petrus Resources Ltd  PRQ.TO : National Bank of Canada cuts target to C$0.80 from C$0.85
     * Peyto Exploration & Development  PEY.TO : National Bank of Canada raises TP to C$10.5 
     * Prairiesky Royalty Ltd  PSK.TO : National Bank of Canada raises target to C$21 from C$20
     * Seven Generations Energy  VII.TO : National Bank of Canada raises TP to C$15.5 from C$14
     * Snc-Lavalin Group Inc  SNC.TO : National Bank of Canada cuts target to C$50 from C$52
     * Suncor Energy Inc  SU.TO : National Bank of Canada raises target price to C$65 from C$56
     * TMAC Resources Inc  TMR.TO : CIBC cuts price target to C$5.50 from C$6.50
     * Vermilion Energy Inc  VET.TO : National Bank of Canada cuts target to C$40 from C$41
     * Whitecap Resources Inc  WCP.TO : National Bank of Canada raises target to C$9.5 from C$8
   

 (Compiled by Bengaluru Newsroom)
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