Best Energy Stocks this February 2026 in Canada

Cameco stands out as a compelling investment in the uranium sector, bolstered by solid contracts for over 28 million pounds annually tied to the increasing demand for nuclear energy, alongside a strategic partnership with Westinghouse. With a remarkable 1-year return of 150.51% and a stellar 5-year return of 962.11%, investors are recognizing its potential, reflected in a consensus "Buy" rating from five analysts. Additionally, the company's dividend yield of 0.20% adds to its attractiveness for those seeking reliable income sources.

CCO has a consensus rating of 'Buy' from five analysts.

The average 12-month stock forecast for Cameco Corp (CCO.TO) is 209.26 CAD, indicating a potential upside of 79.42%, with a forecast range of 126.52 to 308.01 CAD.

Cameco Corporation stock shows buy signals from both short and long-term moving averages, indicating a positive long-term outlook.

Cardinal Energy stands out in the oil sector with a robust 7.7% dividend yield and a remarkably low debt-to-equity ratio of 0.24, making it a financially healthy option for investors seeking reliable income. The stock has delivered impressive returns, boasting a 44.74% gain over the past year and a staggering 765.74% over five years. With strong buy signals from both short and long-term moving averages, Cardinal Energy is well-positioned for continued growth, earning an A- rating from analysts.

Yes, Cardinal Energy Ltd. (CJ.TO) has buy signals from both short and long-term moving averages, indicating a positive forecast for the stock.

The average 12-month price target for Cardinal Energy is C$8.69, with forecasts ranging from a low of C$7.75 to a high of C$9.00, reflecting a potential decrease of 4.11% from the current price of C$9.06.

Canadian Natural Resources stands out as a major player in the oil and gas sector, offering exposure to a diverse range of crude types and a solid dividend yield of 5.17%. Analysts maintain a positive outlook, with Goldman Sachs and RBC Capital both issuing "Buy" and "Outperform" ratings, respectively. Despite recent challenges related to oil prices, the company's commitment to raising dividends and reducing debt underscores its long-term potential.

CNQ's long-term prospects are positive due to solid earnings, raised dividends, reduced debt, pipeline optionality, declining political risk, and potential access to US markets as shale growth slows.

Yes, CNQ has initiated share buybacks, totaling CAD$1.3 billion in the first three quarters of 2025, which is less than CAD$2 billion on an annualized basis.

Analysts project a price target for CNQ at CAD$52.14, with estimates ranging from CAD$47.00 to CAD$61.00.

TC Energy stands out as a robust energy infrastructure company with a strong track record, particularly in generating consistent returns through its pipeline operations. With a dividend yield of approximately 4.5% and impressive five-year returns of 43.45%, it presents an attractive opportunity for investors seeking stable income from financially healthy assets. Recent analyst ratings, including an "Outperform" from RBC Capital, further bolster its reputation as a solid long-term investment option.

TRP stock has shown a mixed performance, with a year-to-date decline of 1.8%, but a return of 19.2% over the past year and 95.0% over the last five years.

TRP refers to TC Energy Corp, which is traded on the Toronto Stock Exchange.

Current signals indicate that TRP stock is a good buy, as both short-term and long-term moving averages suggest positive momentum.