Canada Research Roundup: Cardinal Energy, Entrec, Tervita

Source Energy Services

22/11/2018 08:04

Nov 22 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Cardinal Energy, Entrec and Tervita, on Thursday. 
    
    HIGHLIGHTS    
     * Cardinal Energy Ltd  CJ.TO : CIBC cuts to neutral from outperformer
     * Entrec Corp  ENT.TO : Canaccord Genuity cuts target price to C$0.20 from C$0.25
     * Tervita Corp  TEV.TO : Canaccord Genuity raises target price to C$13.5 from C$12.5
        
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. 

     * Alimentation Couche-Tard Inc  ATDb.TO : Barclays raises target price to C$75 from C$73
     * Bank of Montreal  BMO.TO : Canaccord Genuity cuts target price to C$111 from C$118
     * Bank of Nova Scotia  BNS.TO : Canaccord Genuity cuts target price to C$77 from C$82.50
     * Baytex Energy Corp  BTE.TO : CIBC cuts target price to C$5.75 from C$7
     * Calfrac Well Services Ltd  CFW.TO : Canaccord Genuity cuts target price to C$4 from C$4.75
     * Canadian Imperial Bank of Commerce  CM.TO : Canaccord Genuity cuts TP to C$124 from C$133
     * Canadian Natural Resources Ltd  CNQ.TO : CIBC cuts target price to C$47 from C$55
     * Canadian Western Bank  CWB.TO : Canaccord Genuity cuts target price to C$36 from C$38
     * Cardinal Energy Ltd  CJ.TO : CIBC cuts to neutral from outperformer
     * Cardinal Energy Ltd  CJ.TO : CIBC cuts target price to C$4.50 from C$6.25
     * Cenovus Energy Inc  CVE.TO : CIBC cuts target price to C$14.5 from C$17
     * CES Energy Solutions Corp  CEU.TO : Canaccord Genuity cuts TP to C$4.75 from C$5.50
     * Crescent Point Energy Corp  CPG.TO : CIBC cuts target price to C$9 from C$11
     * Ensign Energy Services Inc  ESI.TO : Canaccord Genuity cuts TP to C$5.75 from C$6.25
     * Entrec Corp  ENT.TO : Canaccord Genuity cuts target price to C$0.20 from C$0.25
     * Essential Energy Services Ltd  ESN.TO : Canaccord Genuity cuts TP to C$0.50 from C$0.60
     * Freehold Royalties Ltd  FRU.TO : CIBC cuts target price to C$12 from C$13
     * Frontera Energy Corp  FEC.TO : CIBC cuts target price to C$25 from C$30
     * Husky Energy Inc  HSE.TO : CIBC cuts target price to C$21.5 from C$24
     * Inovalis REIT  INO_u.TO : Desjardins cuts target price to C$10.50 from C$10.75
     * Kelt Exploration Ltd  KEL.TO : CIBC cuts target price to C$9 from C$10
     * Laurentian Bank of Canada  LB.TO : Canaccord Genuity cuts target price to C$40 from C$44
     * MEG Energy Corp  MEG.TO : CIBC cuts target price to C$9.5 from C$12
     * Metro Inc  MRU.TO : Barclays raises target price to C$48 from C$45
     * Metro Inc  MRU.TO : CIBC raises target price to C$45 from C$42
     * Metro Inc  MRU.TO : National Bank of Canada raises target price to C$46 from C$44
     * Mullen Group Ltd  MTL.TO : Canaccord Genuity cuts target price to C$14.5 from C$17
     * National Bank of Canada  NA.TO : Canaccord Genuity cuts target price to C$64 from C$69
     * Nuvista Energy Ltd  NVA.TO : CIBC cuts target price to C$9 from C$10.5
     * Obsidian Energy Ltd  OBE.TO : CIBC cuts target price to C$1.25 from C$1.5
     * Paramount Resources Ltd  POU.TO : CIBC cuts target price to C$13 from C$15
     * Pengrowth Energy Corp  PGF.TO : CIBC cuts target price to C$0.70 from C$1
     * Prairiesky Royalty Ltd  PSK.TO : CIBC cuts target price to C$25 from C$30
     * Precision Drilling  PD.TO : Canaccord Genuity cuts target price to C$4.50 from C$4.75
     * Prometic Life Sciences  PLI.TO : National Bank of Canada cuts TP to C$0.45 from C$0.75
     * Royal Bank of Canada  RY.TO : Canaccord Genuity cuts target price to C$102 from C$111
     * Seven Generations Energy Ltd  VII.TO : CIBC cuts target price to C$20 from C$22
     * Source Energy Services  SHLE.TO : Canaccord Genuity cuts target price to C$3 from C$4
     * Suncor Energy Inc  SU.TO : CIBC cuts target price to C$56 from C$64
     * Surge Energy Inc  SGY.TO : CIBC cuts target price to C$2.5 from C$3
     * Tamarack Valley Energy Ltd  TVE.TO : CIBC cuts target price to C$5.5 from C$6.5
     * Tervita Corp  TEV.TO : Canaccord Genuity raises target price to C$13.5 from C$12.5
     * Torc Oil & Gas Ltd  TOG.TO : CIBC cuts target price to C$8.50 from C$10.25
     * Toronto-Dominion Bank  TD.TO : Canaccord Genuity cuts target price to C$83 from C$89
     * Total Energy Services Inc  TOT.TO : Canaccord Genuity cuts TP to C$14 from C$15.50
     * Tourmaline Oil Corp  TOU.TO : CIBC cuts target price to C$27.50 from C$30
     * Trican Well Service Ltd  TCW.TO : Canaccord Genuity cuts TP to C$1.50 from C$2.50
     * Western Energy Services Corp  WRG.TO : Canaccord Genuity cuts TP to C$0.55 from C$0.90
     * Whitecap Resources Inc  WCP.TO : CIBC cuts target price to C$10.25 from C$12.50
     * Yangarra Resources Ltd  YGR.TO : CIBC cuts target price to C$6.75 from C$8.25
 
 (Compiled by Bengaluru Newsroom)
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