Canada Research Roundup: ARC Resources, MEG Energy, Tourmaline Oil

Paramount Resources (Pre-Merger)

16/09/2024 09:08

Sept 16 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including ARC Resources, MEG Energy and Tourmaline Oil on Monday.

        HIGHLIGHTS    
                 * ARC Resources Ltd  ARX.TO : Jefferies cuts target price to C$27 from C$30
 
                 * Canadian Natural Resources Ltd  CNQ.TO : Jefferies cuts target price to C$49 from C$52
 
                 * Exro Technologies Inc  EXRO.TO : National Bank of Canada resumes coverage with sector
 perform 
 
                 * MEG Energy Corp  MEG.TO : Jefferies cuts target price to C$26 from C$32
 
                 * Tourmaline Oil  TOU.TO : Jefferies cuts target price to C$67 from C$75
 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
    
                 * Aecon Group Inc  ARE.TO : ATB Capital Markets raises target price to C$29 from C$21
 
                 * Alamos Gold Inc  AGI.TO : National Bank of Canada raises target price to C$30 from C$28
 
                 * ARC Resources Ltd  ARX.TO : Jefferies cuts target price to C$27 from C$30
 
                 * Canadian Natural Resources Ltd  CNQ.TO : Jefferies cuts target price to C$49 from C$52
 
                 * Cenovus Energy Inc  CVE.TO : Jefferies cuts target price to C$33 from C$36
 
                 * Exro Technologies Inc  EXRO.TO : National Bank of Canada resumes coverage with sector perform rating
 
                 * Exro Technologies Inc  EXRO.TO : National Bank of Canada resumes coverage with target price C$0.6
 
                 * MEG Energy Corp  MEG.TO : Jefferies cuts target price to C$26 from C$32
 
                 * Nuvista Energy Ltd  NVA.TO : Jefferies cuts target price to C$14 from C$17
 
                 * Paramount Resources Ltd  POU.TO : Jefferies cuts target price to C$29 from C$36
 
                 * Strathcona Resources Ltd  SCR.TO : Jefferies cuts target price to C$30 from C$35
 
                 * Suncor Energy Inc  SU.TO : Jefferies cuts target price to C$55 from C$62
 
                 * Tourmaline Oil  TOU.TO : Jefferies cuts target price to C$67 from C$75
 
                 * Transcontinental Inc  TCLa.TO : CIBC raises target price to C$19 from C$18
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))