National Bank raises price targets on three Canadian energy producers
National Bank lifted price targets on Cenovus Energy, Ovintiv and Whitecap Resources, according to Dow Jones Newswires citing Baystreet. The changes are modest, at one to three dollars a share.
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what happened
National Bank raised its price target on Cenovus Energy to C$58 a share from C$57. The bank made a similar move on Ovintiv, lifting its target to $94 from $91 a share.
For Whitecap Resources, the target was increased to C$28 from C$27, and the Outperform rating was maintained. Dow Jones Newswires reported the rating actions, citing Baystreet.
why it matters
Target changes on Canadian oil and gas producers reflect analysts' views of their prospects and sentiment across the sector. Such moves are modest on their own, but they show how a major bank assesses Canadian oil and gas output and can serve as a reference point for investors tracking the group.
tags
instruments
sources
- Cenovus Energy Inc. Price Target Raised to C$58.00/Share From C$57.00 by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
- Ovintiv Inc. Price Target Raised to $94.00/Share From $91.00 by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
- Whitecap Resources Inc. Price Target Raised to C$28.00/Share From C$27.00 by National Bank — Dow Jones Newswires, 20 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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