Canada Research Roundup: Birchcliff Energy, Surge Energy, Yangarra Resources

Kiwetinohk Energy

18/01/2024 06:44

Jan 18 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Birchcliff Energy, Surge Energy and Yangarra Resources, on Thursday. 
    
    HIGHLIGHTS    
                 * Birchcliff Energy Ltd  BIR.TO : Stifel cuts target price to C$5 from C$6.5
 
                 * Surge Energy Inc  SGY.TO : Atb Capital Markets cuts target price to C$10.5 from
 C$13
 
                 * Yangarra Resources  YGR.TO : Atb Capital Markets cuts to sector perform from
 outperform 
 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Thursday.
Stock entries are in alphabetical order. 
     
                 * Baytex Energy Corp  BTE.TO : Atb Capital Markets cuts target price to C$6.5 from
 C$7
 
                 * Birchcliff Energy Ltd  BIR.TO : CIBC cuts target price to C$5 from C$6.50
 
                 * Birchcliff Energy Ltd  BIR.TO : Stifel cuts target price to C$5 from C$6.5
 
                 * Cardinal Energy Ltd (Alberta)  CJ.TO : Atb Capital Markets cuts PT to C$8.5 from
 C$9.5
 
                 * Crescent Point Energy Corp  CPG.TO : Atb Capital Markets cuts PT to C$12 from
 C$13
 
                 * Enbridge Inc  ENB.TO : Stifel initiates coverage with hold rating; price target
 C$52
 
                 * Enerflex Ltd  EFX.TO : Stifel raises target price to C$13 from C$11
 
                 * First Majestic Silver Corp  FR.TO : TD Securities cuts target price to C$7.5
 from C$8
 
                 * Gear Energy Ltd  GXE.TO : Atb Capital Markets cuts target price to C$1 from
 C$1.25
 
                 * Hemisphere Energy Corp  HME.V : Atb Capital Markets cuts target price to C$1.8
 from C$2
 
                 * Inplay Oil Corp  IPO.TO : Atb Capital Markets cuts target price to C$3.75 from
 C$4.25
 
                 * Kiwetinohk Energy Corp  KEC.TO : Atb Capital Markets cuts target price to C$22
 from C$24
 
                 * Pembina Pipeline Corp  PPL.TO : JP Morgan raises target price to C$51 from C$50
 
                 * Surge Energy Inc  SGY.TO : Atb Capital Markets cuts target price to C$10.5 from
 C$13
 
                 * TCP Energy Corp  TRP.TO : Stifel initiates coverage with buy rating; price
 target C$61
 
                 * Total Energy Services Inc  TOT.TO : Atb Capital Markets raises PT to C$15.75
 from C$15.5
 
                 * Total Energy Services Inc  TOT.TO : Stifel raises target price to C$15 from C$14
 
                 * Vermilion Energy Inc  VET.TO : Atb Capital Markets cuts target price to C$23
 from C$27
 
                 * Yangarra Resources  YGR.TO : Atb Capital Markets cuts target price to C$2 from
 C$2.5
 
                 * Yangarra Resources  YGR.TO : Atb Capital Markets cuts to sector perform from
 outperform
 
    


 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))