Analysts Have Conflicting Sentiments on These Energy Companies: BKV Corporation (BKV), Enbridge (ENB) and Western Midstream Partners (WES)
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BKV Corporation (BKV)
In a report issued on May 9, Betty Jiang from Barclays maintained a Buy rating on BKV Corporation, with a price target of $29.00. The company's shares closed last Friday at $20.47.
According to TipRanks.com, Jiang is a 1-star analyst with an average return of -3.6% and a 34.2% success rate. Jiang covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Antero Resources.
BKV Corporation has an analyst consensus of Strong Buy, with a price target consensus of $28.00.
Enbridge (ENB)
In a report issued on May 9, Praneeth Satish from Wells Fargo maintained a Hold rating on Enbridge, with a price target of C$60.00. The company's shares closed last Friday at $46.10.
According to TipRanks.com, Satish is ranked #1186 out of 9504 analysts.
Currently, the analyst consensus on Enbridge is a Moderate Buy with an average price target of $47.92, which is a 3.2% upside from current levels. In a report issued on April 29, Jefferies also maintained a Hold rating on the stock with a C$65.00 price target.
Western Midstream Partners (WES)
Wells Fargo analyst Ned Baramov maintained a Hold rating on Western Midstream Partners on May 9 and set a price target of $38.00. The company's shares closed last Friday at $37.11.
Baramov has an average return of
According to TipRanks.com, Baramov is ranked #8418 out of 9504 analysts.
Currently, the analyst consensus on Western Midstream Partners is a Hold with an average price target of $41.14, an 11.5% upside from current levels. In a report issued on May 8, Stifel Nicolaus also maintained a Hold rating on the stock with a $41.00 price target.
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Hamilton Spectator
2 hours ago
- Hamilton Spectator
Enbridge says federal support for oil and gas not yet clear
The head of Enbridge Inc. says he's encouraged by conversations in both Canada and the U.S. on building more energy infrastructure, but that it remains to be seen what concrete action will result at home. 'I'm optimistic about our ongoing conversations and the alignment we're seeing today on both sides of the border to advance projects and legislation,' said Greg Ebel, chief executive of Calgary-based Enbridge on a Friday call to discuss second-quarter results But while both governments are talking, project plans and customer demand is being drawn more to the U.S., he said. 'Our customers at this point in time really want to go south,' said Ebel. 'That's the premium market.' The company reported earnings of $2.18 billion for the quarter ending June 30, up from $1.85 billion in the same quarter last year, as Ebel touted its stable returns and wide array of potential projects to take on. As Enbridge completes capacity expansions to the U.S. Gulf Coast, it could look to projects to serve the Canadian West Coast, but it's still not clear how much government support there is for such projects. 'The issue is one of government policy setting the conditions for that to get investment to occur. Let's be honest, the government has not done that yet, and it's not clear they intend to, at least from our perspective.' He pointed to both the oilsands emissions cap and the West Coast tanker ban as barriers to building a new oil pipeline. A natural gas pipeline would have been slightly easier, but the issue is also that any Canadian project will have to compete on returns with projects in the U.S., he said. 'Only those projects and those jurisdictions that provide better returns, i.e., lower build multiples, are going to get serviced, right? So I would tell you right now, that's a challenge to do more in a place like British Columbia or even Ontario relative to Ohio or, say, Texas.' The U.S. both has more export capacity to global markets, while the Trump administration is also working to strip environmental reviews and open up protected land to boost oil and gas production. The U.S. government is also actively cutting funding and permits for renewable projects, but Ebel said the actions aren't expected to affect Enbridge's already sanctioned projects. 'The One Big Beautiful Bill Act is not expected to impact any of our sanctioned projects, but we'll continue to monitor future developments in this fast moving policy environment.' Enbridge said its adjusted earnings worked out to $1.42 billion for the quarter, up from $1.25 billion last year. Adjusted earnings was 65 cents per common share, compared to 58 cents per share last year. The mean analyst estimate had been for earnings of 57 cents per share, according to LSEG Data & Analytics. Ebel said steady demand and low-risk commercial frameworks have led to predictable results despite geopolitical and macroeconomic volatility. This report by The Canadian Press was first published Aug. 1, 2025. Companies in this story: (TSX:ENB)
Yahoo
3 hours ago
- Yahoo
Canada earnings: Top firms report, deliver mixed verdicts
-- The second-quarter earnings season for major Canadian companies revealed a mixed financial landscape, with firms like Telus (NYSE:TU) Corp, Enbridge Inc. (NYSE:ENB), Fortis Inc , Imperial Oil (NYSE:IMO), and Brookfield Business Partners (NYSE:BBU) (Brookfield Business Corp) delivering diverging performances shaped by industry-specific pressures and opportunities. Telus Corp (TSX:T): Revenue Growth Overshadowed by Earnings Miss Telus Corp, one of Canada's leading telecom operators, reported a mixed Q2 2025 performance. While the company showed a modest 2% revenue growth year-over-year to C$5.03 billion—slightly beating analyst expectations—its adjusted earnings per share (EPS) of C$0.22 fell short of the projected C$0.23. This earnings miss and market competition led to a 2% drop in its stock Friday. Customer acquisition also slowed, with 198,000 net additions, a drop of 134,000 from the year before, largely due to softer immigration patterns and heightened price competition. 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Bloomberg
3 hours ago
- Bloomberg
Game On for Energy Infrastructure, Says Enbridge CEO
Greg Ebel, CEO of Enbridge, whose company transports oil and gas out of Canada says President Trump's tariffs will not impact their business. He tells Open Interest that the strong demand for energy from AI and data centers will offset any tariff costs. (Source: Bloomberg)
