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Resource Investing News is introducing a new feature today: a list of resource stocks identified as receiving analyst upgrades or downgrades.
- Canadian Energy Services & Technology (TSX:CEU) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating. They now have a C$20 price target on the stock, up previously from C$15.50. 9.9-percent upside.
- EOG Resources (NYSE:EOG) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $200 price target on the stock. They noted that the move was a valuation call. 23.7-percent upside.
- MEG Energy (OTCMKTS:MEGEF) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. They now have a C$44 price target on the stock, up previously from C$39. 33.7-percent upside.
- Polymetal International (LSE:POLY) was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating. They now have a GBX 850 ($13.29) price target on the stock.
- Range Resources (NYSE:RRC) was upgraded by analysts at SunTrust from a “neutral” rating to a “buy” rating. They now have a $90 price target on the stock. 17.6-percent upside.
- Cimarex Energy (NYSE:XEC) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating.
- Cimarex Energy (NYSE:XEC) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $105 price target on the stock, up previously from $79. 22.3-percent upside.
- Gabriel Resources (TSX:GBU) was downgraded by analysts at Cormark from a “buy” rating to a “market perform” rating.
- Phillips 66 (NYSE:PSX) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They now have a $6.89 price target on the stock, down previously from $7.25. They noted that the move was a valuation call. 88-percent downside.
- Calfrac Well Services (TSX:CFW) is now covered by analysts at Barclays Capital. They set an “overweight” rating and a C$45 price target on the stock. 26.2-percent upside.
- Ensign Energy Services (TSX:ESI) is now covered by analysts at Barclays Capital. They set an “equal weight” rating and a C$20 price target on the stock. 10.4-percent upside.
- LGX Oil + Gas (TSXV:OIL) is now covered by analysts at Paradigm Capital. They set a “speculative buy” rating and a C$0.80 price target on the stock. 60-percent upside.
- Teck Resources (NYSE:TCK) is now covered by analysts at Scotiabank. They set an “outperform” rating and a C$29 price target on the stock. 8.3-percent upside.
Securities Disclosure: I, Andrew Topf, hold no direct investment interest in any company mentioned in this article.
