Analysts' Opinions Are Mixed on These Energy Stocks: MEG Energy (OtherMEGEF), Spartan Delta (OtherDALXF) and Cross Timbers Royalty (CRT)
Analysts have been eager to weigh in on the Energy sector with new ratings on MEG Energy (MEGEF – Research Report), Spartan Delta (DALXF – Research Report) and Cross Timbers Royalty (CRT – Research Report).
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MEG Energy (MEGEF)
BMO Capital analyst Randy Ollenberger maintained a Buy rating on MEG Energy on May 7 and set a price target of C$28.00. The company's shares closed last Friday at $18.00.
According to TipRanks.com, Ollenberger is a 5-star analyst with an average return of 10.9% and a 54.8% success rate. Ollenberger covers the NA sector, focusing on stocks such as ARC Resources, Suncor Energy, and Imperial Oil.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MEG Energy with a $20.13 average price target, implying a 19.8% upside from current levels. In a report issued on May 7, RBC Capital also maintained a Buy rating on the stock with a C$31.00 price target.
Spartan Delta (DALXF)
In a report issued on May 7, Jeremy Mccrea from BMO Capital maintained a Buy rating on Spartan Delta, with a price target of C$5.00. The company's shares closed last Friday at $2.19.
According to TipRanks.com, Mccrea is a 5-star analyst with an average return of 16.3% and a 52.1% success rate. Mccrea covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Headwater Exploration, and Paramount Resources.
Spartan Delta has an analyst consensus of Strong Buy, with a price target consensus of $3.97, representing an 81.0% upside. In a report issued on April 25, National Bank also maintained a Buy rating on the stock with a C$6.00 price target.
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