Analysts Conflicted on These Materials Names: Surge Energy (Other OTC: ZPTAF), Teck Resources Limited (NYSE: TECK) and Husky Energy (Other OTC: HUSKF)

By Carrie Williams

Analysts have been eager to weigh in on the Materials sector with new ratings on Surge Energy (ZPTAFResearch Report), Teck Resources Limited (TECKResearch Report) and Husky Energy (HUSKFResearch Report).

Surge Energy (ZPTAF)

In a report released today, David Popowich from CIBC maintained a Hold rating on Surge Energy, with a price target of C$1.50. The company’s shares closed last Monday at $0.80, close to its 52-week low of $0.79.

According to TipRanks.com, Popowich is ranked 0 out of 5 stars with an average return of -6.0% and a 39.5% success rate. Popowich covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Tamarack Valley Energy Ltd, and Crescent Point Energy.

Surge Energy has an analyst consensus of Moderate Buy, with a price target consensus of $1.32.

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Teck Resources Limited (TECK)

Barclays analyst Matt Murphy maintained a Buy rating on Teck Resources Limited today and set a price target of C$33.00. The company’s shares closed last Monday at $16.19, close to its 52-week low of $14.51.

According to TipRanks.com, Murphy is a 3-star analyst with an average return of 3.2% and a 57.4% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and First Quantum Minerals Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teck Resources Limited with a $30.25 average price target, representing an 86.0% upside. In a report issued on October 9, B.Riley FBR also reiterated a Buy rating on the stock with a C$39.00 price target.

Husky Energy (HUSKF)

In a report released today, Jon Morrison from CIBC maintained a Hold rating on Husky Energy, with a price target of C$10.50. The company’s shares closed last Monday at $6.85, close to its 52-week low of $6.38.

According to TipRanks.com, Morrison is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -17.2% and a 30.5% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Trican Well Service Ltd, and Imperial Oil Limited.

The word on The Street in general, suggests a Hold analyst consensus rating for Husky Energy with a $10.40 average price target.

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