Analysts’ Opinions Are Mixed on These Utilities Stocks: Imperial Oil (IMO), Vermilion Energy (VET) and Parex Resources (OtherPARXF)

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Imperial Oil (IMOResearch Report), Vermilion Energy (VETResearch Report) and Parex Resources (PARXFResearch Report).

Imperial Oil (IMO)

Raymond James analyst George Huang maintained a Hold rating on Imperial Oil today and set a price target of C$70.00. The company’s shares closed last Friday at $49.16.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 27.1% and a 77.1% success rate. Huang covers the Utilities sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Suncor Energy.

Imperial Oil has an analyst consensus of Moderate Buy, with a price target consensus of $60.99, implying a 26.4% upside from current levels. In a report issued on January 11, National Bank also maintained a Hold rating on the stock with a C$85.00 price target.

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Vermilion Energy (VET)

In a report released today, Jeremy Mccrea from Raymond James maintained a Buy rating on Vermilion Energy, with a price target of C$31.00. The company’s shares closed last Friday at $15.54, close to its 52-week low of $13.44.

According to TipRanks.com, Mccrea is a 5-star analyst with an average return of 20.0% and a 56.1% success rate. Mccrea covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Headwater Exploration.

Currently, the analyst consensus on Vermilion Energy is a Moderate Buy with an average price target of $24.03, a 55.1% upside from current levels. In a report issued on January 9, TD Securities also maintained a Buy rating on the stock with a C$35.00 price target.

Parex Resources (PARXF)

In a report released today, Cody Kwong from Stifel Nicolaus maintained a Buy rating on Parex Resources, with a price target of C$31.00. The company’s shares closed last Friday at $16.04.

According to TipRanks.com, Kwong is a top 100 analyst with an average return of 34.7% and a 55.5% success rate. Kwong covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Headwater Exploration, and Crescent Point Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parex Resources with a $21.51 average price target, which is a 35.9% upside from current levels. In a report issued on January 3, RBC Capital also maintained a Buy rating on the stock with a C$28.00 price target.

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