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Analysts Have Conflicting Sentiments on These Utilities Companies: Canadian Natural (CNQ), Centennial Resource Development (CDEV) and Kelt Exploration (OtherKELTF)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Canadian Natural (CNQResearch Report), Centennial Resource Development (CDEVResearch Report) and Kelt Exploration (KELTFResearch Report).

Canadian Natural (CNQ)

In a report issued on May 5, Gregory Pardy from RBC Capital maintained a Buy rating on Canadian Natural, with a price target of C$85.00. The company’s shares closed last Friday at $63.71.

According to TipRanks.com, Pardy is a top 100 analyst with an average return of 27.7% and a 60.8% success rate. Pardy covers the Utilities sector, focusing on stocks such as Vermilion Energy, Cenovus Energy, and Suncor Energy.

Currently, the analyst consensus on Canadian Natural is a Moderate Buy with an average price target of $66.26, representing a 2.9% upside. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$95.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Centennial Resource Development (CDEV)

RBC Capital analyst Scott Hanold maintained a Hold rating on Centennial Resource Development on May 5 and set a price target of $11.00. The company’s shares closed last Friday at $8.10.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 28.3% and a 64.9% success rate. Hanold covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, California Resources Corp, and Continental Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centennial Resource Development with a $11.15 average price target, a 38.9% upside from current levels. In a report issued on April 21, Truist Financial also maintained a Hold rating on the stock with a $10.00 price target.

Kelt Exploration (KELTF)

RBC Capital analyst Michael Harvey maintained a Buy rating on Kelt Exploration on May 5 and set a price target of C$9.00. The company’s shares closed last Friday at $5.31, close to its 52-week high of $5.86.

According to TipRanks.com, Harvey is a 5-star analyst with an average return of 26.0% and a 53.5% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Birchcliff Energy.

Kelt Exploration has an analyst consensus of Strong Buy, with a price target consensus of $7.07, which is a 34.7% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$10.00 price target.

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