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Upgrades & Downgrades

Upgrades & Downgrades

Latest upgrades, downgrades and price target changes on Canadian and US energy stocks from major financial institutions. Ratings and price targets updated daily.

UPGRADES

  • Raging River Exploration (TSX:RRX): Upgraded from Buy to Action List Buy at TD Securities.
  • Royal Dutch Shell (NYSE:RDS/A): Upgraded from Neutral to Outperform at BNP Paribas. The company increased its price target from US$46.57 to US$56.39.

DOWNGRADES

  • Chevron (NYSE:CVX): Downgraded from Neutral to Underperform at BNP Paribas. The company has a price target of US$100.
  • Imperial Oil (TSX:IMO): Downgraded from Outperform to Neutral at CIBC. The company decreased its price target from $50 to $45.
  • Kelt Exploration (TSX:KEL): Downgraded from Action List Buy to Buy at TD Securities.
  • PraireSky Royalty (TSX:PSK): Upgraded from Sector Perform to Outperform at RBC. The company increased its price target from $34 to $38.
  • Statoil (NYSE:STO): Upgraded from Market Perform to Outperform at BMO.
  • Valero Energy Partners (NYSE:VLP): Upgraded from Hold to Buy at ValuEngine.

WEEK ENDING MAY 19, 2017

UPGRADES

  • ConocoPhillips (NYSE:COP): Upgraded from Hold to Buy at Jefferies. The company increased its price target from US$55 to US$59.
  • Royal Dutch Shell (NYSE:RDS/A): Upgraded from Hold to Buy at Societe Generale.
  • Storm Resources (TSX:SRX): Upgraded from Neutral to Outperform at CIBC. The company increased its price target from $5.25 to $5.75.
  • Penn West Petroleum (NYSE:PWE): Upgraded from Sell to Hold at ValuEngine.

DOWNGRADES

  • Marathon Oil (NYSE:MRO): Downgraded from Buy to Hold at Jefferies. The company decreased its price target from US$22 to US$16.
  • Total (NYSE:TOT): Downgraded from Outperform to Sector Perform at Howard Weil.
  • Valero Energy (NYSE:VLO): Downgraded from Buy to Neutral at Goldman Sachs. The company increased its price target from US$65.55 to US$73.

PRICE TARGET CHANGES

  • Advantage Oil & Gas (TSX:AAV): Price target increased from $11.75 to $12.50 at Raymond James.
  • BP (LSE:BP): Price target decreased from GBX500 to GBX480 at Jefferies.
  • Canadian Energy Services & Technology (TSX:CEU): Price target decreased from $10 to $9.50 at Canaccord Genuity and increased from $7.50 to $8.75 at Raymond James.
  • Canacol Energy (TSX:CNE): Price target decreased from $6.50 to $6 at TD Securities.
  • Enerflex (TSX:EFX): Price target increased from $22 to $24 at RBC.Enerplus (TSX:ERF): Price target increased from $13 to $14 at RBC, from $16.50 to $17.50 at Scotiabank and from $14.50 to $15.50 at TD Securities.
  • Pembina Pipeline (TSX:PPL): Price target increased from $50 to $52 at RBC and from $50 to $51 at TD Securities.
  • Painted Pony Petroleum (TSX:PPY): Price target decreased from $9 to $8 at RBC and from $14.50 to $12 at TD Securities.
  • Royal Dutch Shell (LSE:RDS/A): Price target decreased from GBX2700 to GBX2600 at Jefferies Group.
  • Savanna Energy (TSX:SVY): Price target increased to $2.25 at BMO.
  • Secure Energy Services (TSX:SES): Price target increased to $13.50 at BMO.
  • Strad Energy Services (TSX:SDY): Price target decreased from $2.65 to $2.10 at Raymond James Financial.
  • Tamarack Valley Energy (TSX:TVE): Price target decreased from $4 to $3.50 at RBC.
  • TransCanada (TSX:TRP): Price target increased from $72 to $76 at RBC, from $69 to $71 at Scotiabank and from $75 to $77 at TD Securities.

WEEK ENDING MAY 12, 2017

UPGRADES

  • ExxonMobil (NYSE:XOM): Upgraded from Neutral to Buy at Bank of America. The company increased its price target from US$95 to US$100.
  • Imperial Oil (TSX:IMO): Upgraded from Sell to Hold at ValuEngine.
  • Williams Companies (NYSE:WMB): Upgraded from Market Perform to Outperform at Wells Fargo & Co.
  • Parkland Fuel (TSX:PKI): Upgraded from Sector Perform to Outperform at Scotiabank. The company increased its price target from $30 to $34.75.

DOWNGRADES

  • ConocoPhilips (NYSE:COP): Downgraded from Buy to Neutral at Bank of America. The company decreased its price target from US$68 to US$67.
  • Ensign Energy Services (TSX:ESI): Downgraded from Sector Perform to Underperform at Scotiabank. The company decreased its price target from $9.50 to $8.50.
  • Marathon Oil (NYSE:MRO): Downgraded from Buy to Neutral at Bank of America. The company decreased its price target from US$25 to US$22.
  • Raging River Exploration (TSX:RRX): Downgraded from Buy to Hold at Canaccord Genuity. The company decreased its price target from $11.50 to $10.
  • Strad Energy Services (TSX:SDY): Downgraded from Strong Buy to Buy at Raymond James Financial. The company decreased its price target from $2.65 to $2.10.
  • TransAtlantic Petroleum (TSX:TNP): Downgraded from Speculative Buy to Hold at TD Securities. The company decreased its price target from $2.75 to $2.50.

PRICE TARGET CHANGES

  • Advantage Oil & Gas (TSX:AAV): Price target increased from $11.75 to $12.50 at Raymond James.
  • Anadarko Petroleum (NYSE:APC): Price target increased from US$77 to US$81 at Stifel Nicolaus.
  • Bellatrix Exploration (TSX:BXE): Price target increased from $1.25 to $1.35 at TD Securities.
  • Birchcliff Energy (TSX:BIR): Price target decreased from $13 to $11 at RBC.
  • Bonterra Energy (TSX:BNE): Price target decreased from $31 to $29 at Raymond James.
  • Crew Energy (TSX:CR): Price target decreased from $9 to $8 at RBC.
  • Enbridge (TSX:ENB): Price target decreased from $64 to $62 at TD Securities.
  • Enerflex (TSX:EFX): Price target increased from $22 to $24 at RBC and from $21.50 to $23 at BMO.
  • Enerplus (TSX:ERF): Price target increased from $14.50 to $15.50 at TD Securities, from $16.50 to $17.50 at Scotiabank, from $14.50 to $15.50 at Raymond James Financial and from $13 to $14 at RBC.
  • Ensign Energy Services (TSX:ESI): Price target increased from $8.50 to $10 at BMO and decreased from $12.50 to $10.50 at CIBC.
  • Essential Energy Services (TSX:ESN): Price target increased from $0.80 to $0.90 at Canaccord Genuity.
  • Gibson Energy (TSX:GEI): Price target decreased from $20 to US$19.50 at TD Securities and from $20 to $19 at CIBC.
  • Kelt Exploration (TSX:KEL): Price target increased from $9 to $9.50 at TD Securities, increased from $7.50 to $8.25 at BMO, increased from $9.50 to $10 at Raymond James Financial, decreased from $10 to $9.50 at Raymond James Financial and decreased from $10 to $9 at RBC.
  • Keyera (TSX:KEY): Price target increased from $48 to $49 at CIBC and to $44 at BMO.
  • Nuvista Energy (TSX:NVA): Price target decreased from $10 to $9 at Raymond James Financial.
  • Painted Pony Petroleum (TSX:PPY): Price target decreased from $8.50 to $7.50 at National Bank Financial.
  • Paramount Resources (TSX:POU): Price target increased from $25 to $29 at Raymond James Financial, from $19 to $22 at BMO, from $22 to $25 at Barclays, from $24 to $26 at Scotiabank and from $14.50 to $16.50 at TD Securities.
  • Parex Resources (TSX:PXT): Price target increased from $21 to $22 at TD Securities.
  • Parkland Fuel (TSX:PKI): Price target increased from $34 to $39 at TD Securities, from $31 to $32 at RBC and from $33 to $35 at CIBC.
  • Pembina Pipeline (TSX:PPL): Price target increased from $50 to $51 at TD Securities and from $50 to $52 at RBC.
  • Perpetual Energy (TSX:PMT): Price target increased from $1.85 to $2 at TD Securities.
  • Peyto Exploration (TSX:PEY): Price target decreased from $37 to $36 at TD Securities and from $45 to $40 at RBC.
  • Teck Resources (TSX:TECK/B): Price target decreased from $39 to $37.50 at Scotiabank.
  • TransCanada (TSX:TRP): Price target increased from $72 to $76 at RBC, from $69 to $71 at Scotiabank, from $75 to $77 at TD Securities and to $72 at BMO.
  • Trilogy Energy (TSX:TET): Price target increased from $5 to $5.50 at TD Securities, from $4.75 to $5 at BMO and from $10 to $10.50 at Raymond James Financial.
  • Trinidad Drilling (TSX:TDG): Price target decreased from $3.75 to $3 at BMO.
  • Whiting Petroleum (NYSE:WLL): Price target decreased from US$13 to US$11 at FBR & Co.

WEEK ENDING MAY 5, 2017

UPGRADES

  • Bonavista Energy (TSX:BNP): Upgraded from Sector Perform to Outperform at RBC Capital. The company decreased its price target from $6 to $5.
  • Pembina Pipeline (TSX:PPL): Upgraded from Sector Perform to Outperform at National Bank Financial.
  • Royal Dutch Shell (NYSE:RDS.A): Upgraded from Hold to Buy at Societe Generale.
  • Veresen (TSX:VSN): Upgraded from Outperform to Tender at National Bank Financial. The company increased price target from $18 to $20.50.

DOWNGRADES

  • Anadarko Petroleum (NYSE:APC): Downgraded from Overweight to Equal Weight at Morgan Stanley, from Outperform to Market Perform at Macquarie and from Outperform to Equal Weight at Wells Fargo. Macquarie decreased their price target from US$74 to US$60.

PRICE TARGET CHANGES

  • ARC Resources (TSX:ARX): Price target decreased from $23 to $22 at TD Securities and from $27 to $25 at RBC.
  • Athabasca Oil Corp (TSX:ATH): Price target decreased from $2.50 to $2.25 at TD Securities and increased from $1.80 to $1.90 from Scotiabank.
  • Cardinal Energy (TSX:CJ): Price target decreased from $9 to $8 at National Bank Financial, from $11 to $10 at Scotiabank and from $9 to $8 at TD Securities.
  • Enerflex (TSX:EFX): Price target increased from $17.50 to $21.50 at Raymond James.
  • Encana (NYSE:ECA): Price target increased from US$14 to US$15 at Credit Suisse and from US$11 to US$12 at Scotiabank.
  • Imperial Oil (TSX:IMO): Price target cut from $48 to $47 at RBC Capital.
  • Pembina Pipeline (TSX:PPL): Price target increased from $49 to $50 at Desjardins, from $48 to $50 at TD Securities and decreased from $50 to $49 at Raymond James Financial.
  • Royal Dutch Shell (LSE: RDSA): Price target increased from GBX2450 to GBX2500 at Credit Suisse.
  • Secure Energy Services (TSX:SES): Price target decreased from $14 to $13 at RBC Capital.
  • Seven Generations (TSX:VII): Price target decreased from $36 to $35 at Scotiabank and from $35 to $33 at RBC Capital.
  • Tourmaline Oil Corp (TSX:TOU): Price target increased from $41 to $42 at TD Securities and decreased from $42 to $40 at RBC Capital.
  • Trilogy Energy Corp (TSX:TET): Price target decreased from $8 to $7 at RBC.
  • Trinidad Drilling (TSX:TDG): Price target decreased from $4.50 to $4 at RBC and increased from $4.25 to $4.50 at Scotiabank.
  • Veresen (TSX:VSN): Price target increased from $14 to $18.65 at BMO Capital, from $16 to $18.65 at RBC and $16 to $20 at Raymond James Financial.
  • Vermilion Energy (TSX:VET): Price target decreased from $60 to $59 at TD Securities.
  • Whiting Petroleum (NYSE:WLL): Price target increased from US$14 to US$16 at KLR Group.

WEEK ENDING APRIL 28, 2017

UPGRADES

  • Pengrowth Energy (TSX:PGF): Upgraded from Reduce to Hold at TD Securities. The company raised its price target from $1.20 to $1.55 a share.
  • Precision Drilling (TSX:PDS): Upgraded from Market Perform to Outperform at Raymond James. The company lowered its price target from $7.40 to $7.20 a share.
  • Sunoco (NYSE:SUN): Upgraded from Sell to Neutral at Citigroup. The company raised its price target from US$22 to US$29 a share.
  • Western Energy Services (TSX:WRG): Upgraded from Market Perform to Outperform at Raymond James and from Sector Perform to Outperform at Scotiabank. Scotiabank raised its price target from $3 to $4.

DOWNGRADES

  • Baker Hughes (NYSE:BHI): Downgraded from Outperform to Market Perform at BMO Capital. The company lowered its price target from US$69 to US$65 a share.
  • Mullen Group (TSX:MTL): Downgraded from Outperform to Market perform at Raymond James. The company lowered its target price from $18.50 to $16.25.
  • PetroChina (NYSE:PTR): Downgraded from Equal Weight to Underweight at Morgan Stanley.

PRICE TARGET CHANGES

  • Baker Hughes (NYSE:BHI): Price target cut from US$72 to US$43 at Jefferies.
  • Cenovus Energy (TSX:CVE): Price target cut from $20 to $18.50 at TD Securities.
  • Crescent Point Energy (TSX:CPG): Price target lowered from $21 to $18 at RBC Capital.
  • Halliburton (NYSE:HAL): Price target lowered from US$59 to US$54 at Cowen and Company.
  • Schlumberger (NYSE:SLB): Price target lowered from US$96 to US$92 at Jefferies and from US$100 to US$90 at Deutsche Bank.
  • Suncor Energy (TSX:SU): Price target increased from $49 to $50 at RBC Capital.
  • Vermilion Energy (TSX:VET): Price target cut from $66 to $64 at Barclays.
  • Western Energy Services (TSX:WRG): Price target lowered from $4 to $3.50 at RBC Capital.
  • Whiting Petroleum (NYSE:WLL): Price target increased from US$14 to US$15 at R.F. Lafferty.

WEEK ENDING APRIL 21, 2017

UPGRADES

  • Ensign Energy Services (TSX:ESI): Upgraded from Market Perform to Outperform at Raymond James Financial.
  • Total Energy Services (TSX:TOT): Upgraded from Neutral to Outperform at CIBC.
  • Trican Well Services (TSX:TCW). Upgraded from Neutral to Outperform at CIBC.

DOWNGRADES

  • BP (NYSE:BP): Downgraded from Buy to Neutral at Citigroup.
  • Mullen Group (TSX:MTL): Downgraded from Outperform to Sector Perform at National Bank Financial.
  • Royal Dutch Shell (NYSE:RDS.A): Downgraded from Neutral to Sell at Citigroup.

PRICE TARGET CHANGES

  • BP (NYSE:BP): Price target increased from US$34 to US$35 at Simmons.
  • Chevron (NYSE:CVX): Price target decreased from US$129 to US$124 at Simmons.
  • Canadian Natural Resources (TSX:CNQ): Price target decreased from $52 to $50 at Barclays.
  • ExxonMobil (NYSE:XOM): Price target increased US$76 to US$81 at Simmons.
  • Kelt Exploration (TSX:KEL): Price target increased from $9 to $10 at RBC.
  • Mullen Group (TSX:MTL): Price target decreased from $21 to $19 at BMO, from $19.25 to $18 at Scotiabank and from $20 to $17 at RBC.
  • Murphy Oil (NYSE:MUR): Price target increased from US$46 to US$52 at Barclays and from $31 to $33 at Simmons.
  • Royal Dutch Shell (NYSE:RDS.A): Price target decreased from US$61 to US$60 at Simmons.
  • Statoil (NYSE:STO): Price target increased from US$19 to US$20 at Simmons.
  • Suncor Energy (NYSE:SU): Price target decreased from US$43 to US$41 at Simmons.
  • Surge Energy (TSX:SGY): Price target increased from $3 to $3.25 at BMO and from $3.15 to $3.25 at Scotiabank.
  • Teck Resources (TSX:TECK/B): Price target increased from $37 to $39 at Scotiabank.
  • Total (NYSE:TOT): Price target increased from US$53 to US$55 at Simmons.

WEEK ENDING APRIL 14, 2017

UPGRADES

  • Sunoco (NYSE:SUN): Upgraded from Underperform to Hold at Jefferies and from Neutral to outperform at Baird. Price target increased from US$20 to US$29 at Jefferies.
  • Precision Drilling (NYSE:PDS): Upgraded from Hold to Buy at Jefferies.
  • Imperial Oil (TSX:IMO) Upgraded from Market Perform to Outperform at Raymond James Financial.
  • NuStar Energy (NYSE:NS): Upgraded from Underperform to Neutral at Credit Suisse Group.

DOWNGRADES

  • PetroChina (NYSE:PTR): Downgraded from Neutral to Outperform at Credit Suisse.
  • Painted Pony Petroleum (TSX:PPY): Downgraded from Outperform to Sector Perform at Scotiabank. Price target decrease from $10 to $7.25.
  • Penn West Petroleum (TSX:PWT): Downgraded from Outperform to Market Perform at Raymond James Financial.

PRICE TARGET CHANGES

  • Cenovus Energy (TSX:CVE): Price target decreased from $24 to $22 at Barclays.
  • Imperial Oil (TSX:IMO): Price target decreased from $50 to $48 at Barclays.
  • Parex Resources (TSX:PXT): Price target increased from $23 to $24 at Scotiabank.
  • Tourmaline Oil (TSX:TOU): Price target decreased from $51.50 to $50 at GMP Securities.

WEEK ENDING APRIL 7, 2017

UPGRADES

  • BP (NYSE:BP): Upgraded from Hold to Buy at Deutsche Bank.
  • Suncor Energy (TSX:SU): Upgraded from Buy to Conviction Buy at Goldman Sachs. The company has a price target of US$38.
  • Sunoco (NYSE:SUN): Upgraded at Barclays from Equal Weight to Overweight. The company raised its price target from US$26 to US$35 a share.
  • Williams Companies (NYSE:WMB): Upgraded from Neutral to Buy at Citigroup.

DOWNGRADES

  • Imperial Oil (TSX:IMO): Downgraded from Neutral to Sell at Goldman Sachs.
  • Eni (NYSE:E): Downgraded from Buy to Hold at Deutsche Bank.
  • Savanna Energy Services (TSX:SVY): Downgraded from Outperform to Neutral at CIBC.

PRICE TARGET CHANGES

  • Cenovus Energy (TSX:CVE): Price target cut from $20 to $17 at BMO Capital, from $25 to $23 at RBC and from $24 to $19 at CIBC.
  • Royal Dutch Shell (LSE:RDS/B): Price target increased from GBX2400 to GBX2440 at Goldman Sachs.
  • Pembina Pipeline (TSX:PPL): Price target increased from $48 to $49 at Scotiabank.
  • Painted Pony Petroleum (TSX:PPY): Price target decreased from $12 to $10 at Raymond James Financial and increased from $9 to $10 at RBC.

WEEK ENDING MARCH 31, 2017

UPGRADES

  • Basic Energy Services (NYSE:BAS): Upgraded from Neutral to Buy at Seaport Global Securities.
  • ConocoPhillips (NYSE:COP): Upgraded from Neutral to Buy at UBS.
  • Key Energy Services (NYSE:KEG): Upgraded from Neutral to Overweight at Piper Jaffray.
  • PetroBras (NYSE:PBR): Upgraded from Hold to Buy at HSBC.

DOWNGRADES

  • Painted Pony Petroleum (TSX:PPY): Downgraded from Buy to Neutral at Credit Suisse.

PRICE TARGET CHANGES

  • ConocoPhillips (NYSE:COP): Price target increased from US$51 to US$55 at UBS.
  • Halliburton (NYSE:HAL): Price target cut from US$71 to US$66 from $71 by Goldman Sachs.

WEEK ENDING MARCH 23, 2017

UPGRADES

  • Cenovus Energy (TSX:CVE): Upgraded from Hold to Buy at TD Securities.
  • CNOOC (NYSE:CEO): Upgraded from Neutral to Buy at Citigroup, from Underweight to Neutral at JP Morgan, from Reduce to Hold at HSBC and from Neutral to Outperform at Macquarie.
  • Encana (TSX:ECA): Upgraded from Neutral to Buy at UBS.
  • Pengrowth Energy (TSX:PGF): Upgraded from Underperform to Sector Perform at RBC and from Hold to Buy at Canaccord Genuity.
  • PetroBras (NYSE:PBR): Upgraded from Neutral to Outperform at Credit Suisse.
  • Teck Resources (TSX:TECK/B): Upgraded from Hold to Buy at Berenberg Bank and from Hold to Buy at Deutsche Bank. Berenberg increased its price target from $34.50 to $36.
  • Tullow Oil (NYSE:TLW): Upgraded from Hold to Buy at Deutche Bank.

DOWNGRADES

  • Sunoco (NYSE:SUN): Downgraded from Overweight to Equal Weight at Stephens.
  • Tesoro (NYSE:TSO): Downgraded from Outperform to Neutral at Credit Suisse.
  • Tullow Oil (NYSE:TLW): Downgraded from Outperform to Sector Perform at RBC Capital.
  • Western Refining (NYSE:WNR): Downgraded from Outperform to Neutral at Credit Suisse
  • Whiting Petroleum (NYSE:WLL): Downgraded from Neutral to Sell at UBS.

PRICE TARGET CHANGES

  • Pengrowth Energy (TSX:PGF): Price target decreased from $2 to $1.75 at Raymond James Financial and from $1.60 to $1.40 at TD Securities.
  • Royal Dutch Shell (LSE:RDS/B): Price target decreased from GBX2800 to GBX2750 at Barclays.

WEEK ENDING MARCH 17, 2017

UPGRADES

  • Bonterra Energy (TSX:BNE): Upgraded from Sector Perform to Outperform at AltaCorp Capital.
  • Clean Harbors (NYSE:CLH): Upgraded from Market Perform to Outperform at CIBC and Oppenheimer Holdings.
  • Kinder Morgan (NYSE:KMI): Upgraded from Hold to Overweight at US Capital Advisors.
  • Occidental Petroleum (NYSE:OXY): Upgraded from Neutral to Buy at Bank of America.
  • Penn West Petroleum (TSX:PWT): Upgraded from Hold to Buy at TD Securities. The company increased its price target from $2.75 to $3.
  • Trinidad Drilling (TSX:TDG): Upgraded from Sector Perform to Outperform at Scotiabank. The company increased its price target from $3.25 to $3.75.

PRICE TARGET CHANGES

  • Bellatrix Exploration (TSX:BXE): Price target decreased from $1.50 to $1.45 at TD Securities.
  • Bonterra Energy (TSX:BNE): Price target decreased from $32 to $26 at BMO.
  • Canadian Natural Resources (TSX:CNQ): Price target increased from $49 to $52 at Barclays.
  • Cardinal Energy (TSX:CJ): Price target decreased from $13 to $11 at BMO, from $12 to $11.50 at Scotiabank and from $12 to $11 at RBC.
  • Parex Resources (TSX:PXT): Price target increased from $20 to $21 at RBC.
  • Penn West Petroleum (TSX:PWT): Price target decreased from $3 to $2.75 at Raymond James Financial.
  • Perpetual Energy (TSX:PMT): Price target decreased from $2.50 to $2 at TD Securities.
  • Pine Cliff Energy (TSX:PNE): Price target decreased from $1.75 to $1.50 at Canaccord Genuity.
  • Royal Dutch Shell (LSE:RDS/B): Price target increased from GBX2500 to GBX2600 at RBC.
  • TransCanada (TSX:TRP): Price target decreased from $70 to $68 at GMP Securities.

WEEK ENDING MARCH 10, 2017

UPGRADES

  • Bellatrix Exploration (TSX:BXE): Upgraded from Hold to Speculate Buy at Canaccord Genuity.
  • Bonavista Energy (TSX:BNP): Upgraded from Hold to Buy at GMP Securities.
  • Petrus Resources (TSX:PRQ): Upgraded from Sector Perform to Outperform at RBC.
  • Marathon Oil (NYSE:MRO): Upgraded from Neutral to Positive at Susquehanna.

DOWNGRADES

  • Valero Energy Partners (NYSE:VLP): Downgraded from Buy to Hold at Jefferies.

PRICE TARGET CHANGES

  • Baytex Energy (TSX:BTE): Price target decreased from $6.50 to $6 at TD Securities, from $8 to $7 at RBC and from $6 to $5.75 at CIBC.
  • Bellatrix Exploration (TSX:BXE): Price target increased from $1.35 to $1.50 at TD Securities.
  • Canadian Natural Resources (TSX:CNQ): Price target increased from $45 to $50 at Scotiabank, from $51 to $53 at Raymond James, from $52 to $57 and form $ 55 to $60 at RBC.
  • Cenovus Energy (NYSE:CVE): Price target decreased from US$13 to US$12 at Goldman Sachs.
  • Gibson Energy (TSX:GEI): Price target increased from $19 to $20 at TD Securities.
  • Marathon Oil (NYSE:MRO): Price target decreased from US$20 to US$21 at RBC.
  • ExxonMobil (NYSE:XOM): Price target decreased from US$90 to US$85 at HSBC.
  • Painted Pony (TSX:PPY): Price target decreased from $16 to $14.50 at TD Securities, from $10 to $9 at Desjardins, from $11.50 to $10 at Scotiabank, from $11 to $10 at RBC and from $10 to $8.50 at CIBC.
  • Seven Generations (TSX:VII): Price target decreased from $38 to $35 at RBC.
  • Trilogy Energy (TSX:TET): Price target increased from $7.75 to $7.25 at GMP Securities.

WEEK ENDING MARCH 3, 2017

UPGRADES

  • ExxonMobil (NYSE:XOM): Upgraded from Underperform to Neutral at Credit Suisse. The company increased its price target from US$78 to US$83.
  • Williams Co (NYSE:WMB): Upgraded from Buy to Conviction Buy at Goldman Sachs.

PRICE TARGET CHANGES

  • BP (LSE:BP): Price target increased from GBX460 to GBX480 at Goldman Sachs and from GBX505 to GBX510 at Kepler Capital Markets.
  • Canadian Natural Resources (TSX:CNQ): Price target increased from $52 to $55 at RBC.
  • Husky Energy (TSX:HSE): Price target decreased from $23 to $21 at Barclays and from $22 to $20 at TD Securities.
  • Pembina Pipeline (TSX:PPL): Price target increased from $46 to $48 at TD Securities.
  • PraireSky Royalty (TSX:PSK): Price target increased from $33 to $35 at TD Securities.
  • Tamarack Valley Energy (TSX:TVE): Price target decreased from $5 to $4.50 at Canaccord Genuity.
  • Trinidad Drilling (TSX:TDG): Price target decreased from $5 to $4.50 at RBC.
  • Veresen (TSX:VSN): Price target increased from $13 to $14 at BMO.

WEEK ENDING FEBRUARY 24, 2017

UPGRADES

  • PrairieSky Royalty (TSX:PSK): Upgraded from Hold to Buy at TD Securities.
  • PetroChina (NYSE:PTR): Upgraded from Underperform to Buy at Jefferies Group.
  • Precision Drilling (TSX:PD): Upgraded from Underperform to Sector Perform at Scotiabank.
  • Total (NYSE:TOT): Upgraded from Buy to Conviction Buy at Goldman Sachs Group.

DOWNGRADES

  • Encana (TSX:ECA): Downgraded from Buy to Hold at GMP Securities.

PRICE TARGET CHANGES

  • Baker Hughes (NYSE:BHI): Price target increased from US$62 to US$65 at FBR & Co.
  • BlackPearl Resources (TSX:PXX): Price target increased from $1.75 to $2 at TD Securities.
  • Calfrac Well Services (TSX:CFW): Price target decreased from $6.25 to $5.75 at CIBC and from $5.25 to $4.75 at Canaccord Genuity.
  • Clean Harbors (NYSE:CLH): Price target increased from US$60 to US$65 at Stifel Nicolaus and from US$55 to US$61 at Needham & Co.
  • Enbridge (TSX:ENB): Price target decreased from $69 to $67 at RBC, increased from $62 to $64 at TD Securities, from $61 to $62 at Scotiabank and from $64 to $66 at GMP Securities.
  • Enerplus Corp (TSX:ERF): Price target increased from $15.50 to $16 at Raymond James Financial.
  • Granite Oil Corp (TSX:GXO): Price target increased from $7.50 to $8 at TD Securities and from $10 to $10.50 at Raymond James Financial.
  • Halliburton (NYSE:HAL): Price target increased from US$69 to US$70 at FBR & Co.
  • Imperial Oil (TSX:IMO): Price target decreased from $51 to $50 at TD Securities.
  • Inter Pipeline (TSX:IPL): Price target increased from $31 to $32 at RBC, from $31 to $33 at TD Securities.
  • Schlumberger (NYSE:SLB): Price target increased from US$105 to US$107 at FBR & Co.
  • Teck Resources (TSX:TECK/B): Price target decreased from $36 to $34 at Barclays.
  • Trican Well Services (TSX:TCW): Price target increased from $5.75 to $6.75 at CIBC.
  • Western Energy Services (TSX:WRG): Price target decreased from $3.50 to $3.25 at Canaccord Genuity.
  • Veresen (TSX:VSN): Price target increased from $17 to $18 at National Bank Financial, from $13 to $14 at Desjardins and from $15 to $16 at RBC.
Real-Time Oil Prices & Stock Tickers

Real-Time Oil Prices & Stock Tickers

Analyst Ratings

Analyst Ratings

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