Canada Research Roundup: ARC Resources, Pason Systems, Tourmaline Oil

Paramount Resources (Pre-Merger)

14/04/2023 08:29

April 14 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including ARC Resources, Pason Systems and Tourmaline Oil, on Friday.
    
    HIGHLIGHTS 
       
     * ARC Resources Ltd  ARX.TO : CIBC cuts target price to C$22 from C$25
     * Pason Systems Inc  PSI.TO : RBC cuts target price to C$20 from C$21
     * Tourmaline Oil Corp  TOU.TO : CIBC cuts target price to C$70 from C$80
        
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 
      
     * Advantage Energy Ltd  AAV.TO : CIBC cuts target price to C$10 from C$12
     * ARC Resources Ltd  ARX.TO : CIBC cuts target price to C$22 from C$25
     * Birchcliff Energy Ltd  BIR.TO : CIBC cuts target price to C$8 from C$9
     * Calfrac Well Services Ltd  CFW.TO : RBC cuts target price to C$7 from C$8
     * Carbon Streaming Corp  NETZ.NLB : Scotiabank cuts target price to C$3.75 from C$5.75
     * Corus Entertainment Inc  CJRb.TO : CIBC cuts target price to C$2.25 from C$2.50
     * Corus Entertainment Inc  CJRb.TO : Scotiabank cuts target price to C$2.3 from C$2.75
     * Enerflex Ltd  EFX.TO : CIBC raises target price to C$12 from C$11
     * Ensign Energy Services Inc  ESI.TO : RBC cuts target price to C$4.5 from C$5
     * Freehold Royalties Ltd  FRU.TO : CIBC cuts target price to C$18 from C$19
     * Kelt Exploration Ltd  KEL.TO : CIBC cuts target price to C$6.5 from C$7
     * Lucero Energy Corp  LOU.V : CIBC cuts target price to C$0.70 from C$0.75
     * Paramount Resources Ltd  POU.TO : CIBC cuts target price to C$37.5 from C$40
     * Pason Systems Inc  PSI.TO : RBC cuts target price to C$20 from C$21
     * Precision Drilling Corp  PD.TO : CIBC cuts target price to C$135 from C$150
     * Precision Drilling Corp  PD.TO : RBC cuts target price to C$130 from C$145
     * SNC-Lavalin Group Inc  SNC.TO : Atb Capital Markets raises target price to C$38 from C$37
     * Step Energy Services Ltd  STEP.TO : RBC cuts target price to C$6 from C$7
     * Tamarack Valley Energy Ltd  TVE.TO : CIBC cuts target price to C$5.50 from C$6.00
     * Topaz Energy Corp  TPZ.TO : CIBC cuts target price to C$25 from C$27
     * Tourmaline Oil Corp  TOU.TO : CIBC cuts target price to C$70 from C$80
     * Triple Flag Precious Metals Corp  TFPM.TO : CIBC raises target price to C$28 from C$22.5
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))