ATB Capital Stock Recommendations and Price Targets

This is a list of recent ratings by ATB Capital.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/23/2024	PSK PrairieSky Royalty	Boost Price Target	C$27.00	C$27.00 ➝ C$28.50		N/A
4/22/2024	CPG Crescent Point Energy	Boost Price Target	C$12.00	C$12.00 ➝ C$13.00		N/A
4/22/2024	IPCO International Petroleum	Boost Price Target	C$18.00	C$16.50 ➝ C$19.00		N/A
4/19/2024	HME Hemisphere Energy	Boost Price Target	C$2.00	C$1.80 ➝ C$1.90		N/A
4/10/2024	CP Canadian Pacific Kansas City	Boost Price Target	C$112.00	C$120.00 ➝ C$130.00	Outperform	N/A
4/8/2024	STEP STEP Energy Services	Lower Price Target	C$4.00	C$7.00 ➝ C$6.50		N/A
4/8/2024	PD Precision Drilling	Boost Price Target	C$94.00	C$125.00 ➝ C$126.00		N/A
4/5/2024	PPL Pembina Pipeline	Boost Price Target	C$49.00	C$55.00 ➝ C$56.00		N/A
4/3/2024	OGI Organigram	Set Price Target	C$3.00	C$5.25	Outperform	N/A
4/3/2024	CEU CES Energy Solutions	Boost Price Target	C$5.00	C$5.25 ➝ C$6.50		N/A
4/1/2024	BITF Bitfarms	Set Price Target	C$3.00	C$6.50	Outperform	N/A
4/1/2024	RIOT Riot Platforms	Initiated Coverage	$12.00	$20.00	Outperform	N/A
3/25/2024	SES Secure Energy Services	Set Price Target	C$12.00	C$13.00	Outperform	N/A
3/22/2024	AKT.A AKITA Drilling	Lower Price Target	C$2.00	C$3.30 ➝ C$2.80		N/A
3/20/2024	CR Crew Energy	Lower Price Target	C$5.00	C$7.25 ➝ C$6.50	Strong-Buy	N/A
3/20/2024	ATH Athabasca Oil	Boost Price Target	C$5.00	C$5.50 ➝ C$6.00	Outperform	N/A
3/20/2024	KEL Kelt Exploration	Lower Price Target	C$6.00	C$9.00 ➝ C$8.50	Outperform	N/A
3/20/2024	PSK PrairieSky Royalty	Boost Price Target	C$27.00	C$26.50 ➝ C$27.00	Sector Perform	N/A
3/20/2024	MEG MEG Energy	Boost Price Target	C$32.00	C$32.00 ➝ C$35.00	Outperform	N/A
3/20/2024	TOU Tourmaline Oil	Lower Price Target	C$68.00	C$85.00 ➝ C$80.00	Outperform	N/A
3/20/2024	IMO Imperial Oil	Boost Price Target	C$97.00	C$85.00 ➝ C$90.00	Sector Perform	N/A
3/20/2024	CNQ Canadian Natural Resources	Boost Price Target	C$106.00	C$100.00 ➝ C$107.00	Outperform	N/A
3/15/2024	CFW Calfrac Well Services	Downgrade	C$5.00	C$10.00 ➝ C$6.00	Outperform ➝ Sector Perform	N/A
3/14/2024	NOA North American Construction Group	Lower Price Target	C$30.00	C$46.00 ➝ C$45.00		N/A
3/13/2024	STEP STEP Energy Services	Lower Price Target	C$4.00	C$7.50 ➝ C$7.00		N/A
3/12/2024	GLXY Galaxy Digital	Boost Price Target	C$12.00	C$13.00 ➝ C$17.00	Outperform	N/A
3/12/2024	BYD Boyd Group Services	Boost Price Target	C$259.00	C$300.00 ➝ C$350.00	Outperform	N/A
3/11/2024	DXT Dexterra Group	Lower Price Target	C$6.00	C$9.00 ➝ C$8.25		N/A
3/11/2024	TOT Total Energy Services	Boost Price Target	C$10.00	C$16.75 ➝ C$17.00		N/A
3/8/2024	YGR Yangarra Resources	Lower Price Target	C$1.00	C$2.00 ➝ C$1.60	Buy	N/A
3/8/2024	ZZZ Sleep Country Canada	Boost Price Target	C$28.00	C$26.50 ➝ C$33.50	Buy	N/A
3/7/2024	ARE Aecon Group	Boost Price Target	C$17.00	C$15.25 ➝ C$19.50	Outperform	N/A
3/7/2024	BDT Bird Construction	Boost Price Target	C$19.00	C$16.50 ➝ C$23.00	Outperform	N/A
3/7/2024	POU Paramount Resources	Lower Price Target	C$32.00	C$37.00 ➝ C$36.00	Outperform	N/A
3/7/2024	AFN Ag Growth International	Boost Price Target	C$61.00	C$81.00 ➝ C$85.00	Outperform	N/A
3/1/2024	CEU CES Energy Solutions	Boost Price Target	C$5.00	C$5.00 ➝ C$5.25	Outperform	N/A
3/1/2024	EFX Enerflex	Boost Price Target	C$8.00	C$12.00 ➝ C$13.50	Outperform	N/A
3/1/2024	STN Stantec	Downgrade	C$111.00	C$115.00 ➝ C$120.00	Outperform ➝ Sector Perform	N/A
3/1/2024	WSP WSP Global	Boost Price Target	C$214.00	C$210.00 ➝ C$220.00	Sector Perform	N/A
2/29/2024	TVE Tamarack Valley Energy	Lower Price Target	C$4.00	C$6.00 ➝ C$5.50	Outperform	N/A
2/29/2024	BTE Baytex Energy	Lower Price Target	C$5.00	C$6.50 ➝ C$6.00	Outperform	N/A
2/27/2024	SDE Spartan Delta	Lower Price Target	C$4.00	C$4.50 ➝ C$4.25	Sector Perform	N/A
2/27/2024	SES Secure Energy Services	Boost Price Target	C$12.00	C$12.00 ➝ C$13.00	Outperform	N/A
2/27/2024	CJT Cargojet	Boost Price Target	C$117.00	C$155.00 ➝ C$160.00	Outperform	N/A
2/26/2024	PPL Pembina Pipeline	Boost Price Target	C$49.00	C$53.00 ➝ C$55.00	Outperform	N/A
2/26/2024	EIF Exchange Income	Boost Price Target	C$47.00	C$60.00 ➝ C$63.00	Outperform	N/A
2/26/2024	DCBO Docebo	Boost Price Target	C$60.00	C$95.00 ➝ C$100.00	Outperform	N/A
2/22/2024	WCP Whitecap Resources	Lower Price Target	C$11.00	C$15.50 ➝ C$15.00		N/A
2/20/2024	AC Air Canada	Lower Price Target	C$20.00	C$33.00 ➝ C$32.00	Outperform	N/A
2/16/2024	PEY Peyto Exploration & Development	Set Price Target	C$15.00	C$15.00	Outperform	N/A
2/15/2024	BIR Birchcliff Energy	Lower Price Target	C$6.00	C$8.00 ➝ C$7.50		N/A
2/15/2024	WCN Waste Connections	Downgrade	C$226.00	C$200.00 ➝ C$235.00	Outperform ➝ Sector Perform	N/A
2/14/2024	SHOP Shopify	Boost Price Target	$71.00	$105.00 ➝ $110.00	Sector Perform	Low
2/9/2024	LSPD Lightspeed Commerce	Lower Price Target	C$18.00	C$35.00 ➝ C$30.00	Outperform	N/A
2/7/2024	PD Precision Drilling	Lower Price Target	C$94.00	C$126.00 ➝ C$125.00	Outperform	N/A
2/6/2024	TOT Total Energy Services	Lower Price Target	C$10.00	C$17.00 ➝ C$16.75		N/A
2/5/2024	QST Questor Technology	Lower Price Target	C$1.00	C$1.10 ➝ C$1.00	Sector Perform	N/A
2/5/2024	AKT.A AKITA Drilling	Boost Price Target	C$2.00	C$3.25 ➝ C$3.30	Outperform	N/A
2/5/2024	CEU CES Energy Solutions	Boost Price Target	C$5.00	C$4.75 ➝ C$5.00	Outperform	N/A
2/5/2024	EFX Enerflex	Boost Price Target	C$8.00	C$11.00 ➝ C$12.00	Outperform	N/A
2/5/2024	PHX PHX Energy Services	Boost Price Target	C$9.00	C$11.00 ➝ C$12.00	Outperform	N/A
2/5/2024	TOT Total Energy Services	Boost Price Target	C$10.00	C$15.75 ➝ C$17.00	Outperform	N/A
2/5/2024	NOA North American Construction Group	Boost Price Target	C$30.00	C$44.00 ➝ C$46.00	Outperform	N/A
2/2/2024	REAL Real Matters	Boost Price Target	C$5.00	C$9.00 ➝ C$10.00	Outperform	N/A
2/1/2024	SCR Strathcona Resources	Set Price Target	C$33.00	C$31.00	Outperform	N/A
1/31/2024	CP Canadian Pacific Kansas City	Boost Price Target	C$112.00	C$117.00 ➝ C$120.00	Outperform	N/A
1/24/2024	CNR Canadian National Railway	Boost Price Target	C$170.00	C$165.00 ➝ C$180.00	Sector Perform	N/A
1/18/2024	GXE Gear Energy	Lower Price Target	C$1.00	C$1.25 ➝ C$1.00	Outperform	N/A
1/18/2024	YGR Yangarra Resources	Downgrade	C$1.00	C$2.50 ➝ C$2.00	Outperform ➝ Sector Perform	N/A
1/18/2024	HME Hemisphere Energy	Lower Price Target	C$2.00	C$2.00 ➝ C$1.80	Outperform	N/A
1/18/2024	IPO InPlay Oil	Lower Price Target	C$2.00	C$4.25 ➝ C$3.75	Outperform	N/A
1/18/2024	BTE Baytex Energy	Lower Price Target	C$5.00	C$7.00 ➝ C$6.50	Outperform	N/A
1/18/2024	SGY Surge Energy	Lower Price Target	C$8.00	C$13.00 ➝ C$10.50	Outperform	N/A
1/18/2024	CJ Cardinal Energy	Lower Price Target	C$7.00	C$9.50 ➝ C$8.50	Outperform	N/A
1/18/2024	CPG Crescent Point Energy	Lower Price Target	C$12.00	C$13.00 ➝ C$12.00	Outperform	N/A
1/18/2024	TOT Total Energy Services	Boost Price Target	C$10.00	C$15.50 ➝ C$15.75	Outperform	N/A
1/18/2024	KEC Kiwetinohk Energy	Lower Price Target	C$12.00	C$24.00 ➝ C$22.00	Outperform	N/A
1/18/2024	VET Vermilion Energy	Lower Price Target	C$16.00	C$27.00 ➝ C$23.00	Outperform	N/A
1/17/2024	EFX Enerflex	Boost Price Target	C$8.00	C$10.50 ➝ C$11.00	Outperform	N/A
1/17/2024	CPX Capital Power	Lower Price Target	C$35.00	C$42.00 ➝ C$41.00	Sector Perform	N/A
1/16/2024	CJT Cargojet	Boost Price Target	C$117.00	C$125.00 ➝ C$155.00	Outperform	N/A
1/15/2024	PPL Pembina Pipeline	Set Price Target	C$49.00	C$53.00	Outperform	N/A
1/8/2024	PD Precision Drilling	Lower Price Target	C$94.00	C$140.00 ➝ C$126.00	Outperform	N/A
1/5/2024	ENB Enbridge	Set Price Target	C$50.00	C$56.00	Outperform	N/A
1/5/2024	TRP TC Energy	Set Price Target	C$49.00	C$54.00	Sector Perform	N/A
1/2/2024	SDE Spartan Delta	Lower Price Target	C$4.00	C$5.00 ➝ C$4.50		N/A
1/2/2024	CR Crew Energy	Lower Price Target	C$5.00	C$8.00 ➝ C$7.25		N/A
1/2/2024	KEL Kelt Exploration	Lower Price Target	C$6.00	C$9.25 ➝ C$9.00		N/A
1/2/2024	BIR Birchcliff Energy	Lower Price Target	C$6.00	C$10.00 ➝ C$8.00		N/A
1/2/2024	WCP Whitecap Resources	Lower Price Target	C$11.00	C$16.00 ➝ C$15.50		N/A
1/2/2024	FRU Freehold Royalties	Lower Price Target	C$14.00	C$19.50 ➝ C$19.00		N/A
1/2/2024	TPZ Topaz Energy	Lower Price Target	C$22.00	C$32.00 ➝ C$30.00		N/A
1/2/2024	ARX ARC Resources	Lower Price Target	C$26.00	C$27.00 ➝ C$26.00		N/A
1/2/2024	ERF Enerplus	Lower Price Target	C$28.00	C$27.00 ➝ C$26.50		N/A
1/2/2024	POU Paramount Resources	Lower Price Target	C$32.00	C$38.00 ➝ C$37.00		N/A
1/2/2024	TOU Tourmaline Oil	Lower Price Target	C$68.00	C$92.00 ➝ C$85.00		N/A
12/22/2023	CET Cathedral Energy Services	Lower Price Target	C$1.00	C$1.40 ➝ C$1.30	Outperform	N/A
12/22/2023	AKT.A AKITA Drilling	Lower Price Target	C$2.00	C$3.50 ➝ C$3.25	Outperform	N/A
12/22/2023	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$7.00 ➝ C$5.00	Outperform	N/A
12/22/2023	TCW Trican Well Service	Set Price Target	C$4.00	C$6.00	Outperform	N/A