Analysts Conflicted on These Utilities Names: AltaGas (OtherATGFF), Emera (OtherEMRAF) and APA (APA)

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on AltaGas (ATGFF – Research Report), Emera (EMRAF – Research Report) and APA (APA – Research Report).

AltaGas (ATGFF)

RBC Capital analyst Robert Kwan maintained a Buy rating on AltaGas on January 26 and set a price target of C$31.00. The company’s shares closed last Thursday at $20.44.

According to TipRanks.com, Kwan is a top 100 analyst with an average return of 15.0% and a 75.4% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Fortis, and Emera.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AltaGas with a $25.03 average price target, a 22.1% upside from current levels. In a report issued on January 11, CIBC also maintained a Buy rating on the stock with a C$34.00 price target.

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Emera (EMRAF)

RBC Capital analyst Maurice Choy maintained a Buy rating on Emera on January 26 and set a price target of C$66.00. The company’s shares closed last Thursday at $47.49.

According to TipRanks.com, Choy is a 4-star analyst with an average return of 22.0% and a 84.4% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, Fortis, and ATCO.

Emera has an analyst consensus of Hold, with a price target consensus of $49.12.

APA (APA)

RBC Capital analyst Scott Hanold maintained a Hold rating on APA on January 25 and set a price target of $38.00. The company’s shares closed last Thursday at $32.95, close to its 52-week high of $34.40.

According to TipRanks.com, Hanold is a 5-star analyst with an average return of 17.8% and a 56.6% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Currently, the analyst consensus on APA is a Moderate Buy with an average price target of $39.87, a 17.7% upside from current levels. In a report issued on January 26, Piper Sandler also maintained a Hold rating on the stock with a $33.00 price target.

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