Canada Research Roundup: Canadian Natural Resources, Freehold Royalties, Tourmaline Oil

Paramount Resources (Pre-Merger)

16/12/2024 07:31

Dec 16 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Canadian Natural Resources, Freehold Royalties and
Tourmaline Oil on Monday.
      
        HIGHLIGHTS
  
    
                 * Canadian Natural Resources Ltd  CNQ.TO : Gerdes Energy Research ups to buy from neutral
 
                 * Freehold Royalties Ltd  FRU.TO : CIBC resumes coverage with neutral rating
 
                 * Tourmaline Oil  TOU.TO : Jefferies raises target price to C$76 from C$73
 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
   
                 * ARC Resources Ltd  ARX.TO : Jefferies raises target price to C$29 from C$27
 
                 * Canadian Natural Resources Ltd  CNQ.TO : Gerdes Energy Research ups to buy from neutral
 
                 * Enghouse Systems Ltd  ENGH.TO : CIBC cuts target price to C$31 from C$37
 
                 * Freehold Royalties Ltd  FRU.TO : CIBC resumes coverage with target price C$16 
 
                 * Freehold Royalties Ltd  FRU.TO : CIBC resumes coverage with neutral rating
 
                 * Nuvista Energy Ltd  NVA.TO : Jefferies raises target price to C$19 from C$14
 
                 * Paramount Resources Ltd  POU.TO : Jefferies raises target price to C$37 from C$36
 
                 * Strathcona Resources Ltd  SCR.TO : Jefferies raises target price to C$32 from C$30
 
                 * Topaz Energy Corp  TPZ.TO : Jefferies raises target price to C$31 from C$30
 
                 * Tourmaline Oil  TOU.TO : Jefferies raises target price to C$76 from C$73
 
                 * Transcontinental Inc  TCLa.TO : CIBC raises target price to C$21 from C$20
 
 

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