AnalystsInsight

Chris MacCulloch (Scotiabank): Analyst Track Record and Price‑Target Accuracy

Chris MacCulloch is one of the top‑ranked analysts in Exent’s 7‑year backtest. What Chris covers, how Chris’s ratings lean, how fast price targets were reached and the ratings from before the last 30 days; the full record and the newest calls are members‑only.

Reviewed by:David, Senior AnalystPublished Oct 12, 2026Updated Oct 17, 20262 min readHow we research

Key takeaways

Chris MacCulloch ranks among the top 50 energy analysts in Exent’s ranking, scored on a 7‑year backtest.
The exact rank, price‑target hit rate and live calls are members‑only in Exent Gems.
Most‑covered stocks: TSX-IMO, TSX-CVE, TSX-TVE, TSX-CNQ.
In the past year Chris’s ratings were 57% Buy, 41% Hold and 2% Sell.

In this article

Chris MacCulloch’s track record at a glance
How fast price targets were reached
Stocks Chris MacCulloch covers most
Chris MacCulloch’s latest ratings
How Exent scores analysts

Chris MacCulloch’s track record at a glance

Chris MacCulloch of Scotiabank ranks among the top 50 energy analysts in Exent’s ranking, with a focus on energy. The top of the ranking is what Exent Gems follows, so Chris’s exact rank, hit rate and live calls are for members.

Metric	Chris MacCulloch	All analysts
Exent rank		—
Price‑target hit rate		52.4%
Calls up after 12 months		64.0%
Median 12‑month return of calls		+13.4%
Median days to hit target		91 days
Stocks covered	18	—

Unlock the full record in Gems

How fast price targets were reached

Time to reach the target	Chris MacCulloch
Under 30 days	—
30–90 days	—
90–180 days	—
Over 180 days	—

Share of the targets that were reached, by how long they took. Targets are usually set for 12 months.

Stocks Chris MacCulloch covers most

TSX-IMO · TSX-CVE · TSX-TVE · TSX-CNQ · TSX-SU · TSX-VET · TSX-WCP · TSX-HWX

In the past year Chris’s ratings were 57% Buy, 41% Hold and 2% Sell.

Chris MacCulloch’s latest ratings

Date	Stock	Action	Rating	Price target
Aug 12, 2026	TSXV-LGN	Reiterated: Buy	Buy	$1.45
Aug 7, 2026	TSX-CNQ	Reiterated: Hold	Hold	$73.00
Aug 7, 2026	TSX-POU	Reiterated: Hold	Hold	$36.00
Aug 5, 2026	TSX-IMO	Reiterated: Hold	Hold	$156.00
Aug 3, 2026	TSX-AAV	Reiterated: Buy	Buy	$15.50
Jul 30, 2026	TSX-CVE	Reiterated: Buy	Buy	$51.00
Jul 17, 2026	TSX-TOU	Reiterated: Hold	Hold	$68.00
Jul 17, 2026	TSX-VET	Reiterated: Hold	Hold	$16.00
Jul 17, 2026	TSX-TPZ	Reiterated: Buy	Buy	$36.00
Jul 17, 2026	TSX-CNQ	Reiterated: Hold	Hold	$70.00
Jul 17, 2026	TSX-POU	Reiterated: Hold	Hold	$34.00
Jun 26, 2026	TSXV-LGN	Initiated Coverage: Buy	Buy	$1.35

Aug 12, 2026
Stock
TSXV-LGN
Action
Reiterated: Buy
Rating
Buy
Price target
$1.45
Aug 7, 2026
Stock
TSX-CNQ
Action
Reiterated: Hold
Rating
Hold
Price target
$73.00
Aug 7, 2026
Stock
TSX-POU
Action
Reiterated: Hold
Rating
Hold
Price target
$36.00
Aug 5, 2026
Stock
TSX-IMO
Action
Reiterated: Hold
Rating
Hold
Price target
$156.00
Aug 3, 2026
Stock
TSX-AAV
Action
Reiterated: Buy
Rating
Buy
Price target
$15.50
Jul 30, 2026
Stock
TSX-CVE
Action
Reiterated: Buy
Rating
Buy
Price target
$51.00
Jul 17, 2026
Stock
TSX-TOU
Action
Reiterated: Hold
Rating
Hold
Price target
$68.00
Jul 17, 2026
Stock
TSX-VET
Action
Reiterated: Hold
Rating
Hold
Price target
$16.00
Jul 17, 2026
Stock
TSX-TPZ
Action
Reiterated: Buy
Rating
Buy
Price target
$36.00
Jul 17, 2026
Stock
TSX-CNQ
Action
Reiterated: Hold
Rating
Hold
Price target
$70.00
Jul 17, 2026
Stock
TSX-POU
Action
Reiterated: Hold
Rating
Hold
Price target
$34.00
Jun 26, 2026
Stock
TSXV-LGN
Action
Initiated Coverage: Buy
Rating
Buy
Price target
$1.35

Ratings from the last 30 days are members‑only in Exent Gems, with the stocks where several top‑ranked analysts agree; older ratings are shown in full.

See the latest ratings in Gems

How Exent scores analysts

Exent replays every rating with a price target over a 7‑year lookback: was the target reached, how long it took, and what the stock returned 1, 3, 6 and 12 months after the call. The star rating and rank combine success rate, average return and the number of ratings, so a few lucky calls do not make a top analyst. Statistics as of Jun 24, 2026; ranking updated Oct 20, 2026. How accurate are analyst price targets overall?

Past performance does not guarantee future results. Historical figures are calculated by Exent from market data and are for education only; they are not investment advice or a recommendation to buy or sell any security.

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Frequently asked questions

By Exent’s scoring, Chris MacCulloch ranks among the top 50 energy analysts in Exent’s ranking, based on a 7-year backtest of price-target hit rate, returns after calls and number of ratings. The exact rank, hit rate and live calls are members-only in Exent Gems (exent.ai/radar). Past accuracy does not guarantee future accuracy.

Chris MacCulloch’s price-target hit rate is part of the members-only record in Exent Gems (exent.ai/radar). For comparison, the average analyst’s price targets were reached 52.4% of the time.

Chris MacCulloch (Scotiabank) covers 18 stocks, mostly in energy. The most frequently rated are TSX-IMO, TSX-CVE, TSX-TVE, TSX-CNQ, TSX-SU.

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Educational content, not investment advice. Examples are illustrative; past performance does not guarantee future results.

DISCLAIMER: Exent AI is an informational research platform and does not provide investment advice, financial advice, or act as an investment adviser, broker-dealer, or fiduciary. All content, analytics, and model outputs are provided for educational and informational purposes only and should not be relied upon as a recommendation to buy, sell, or hold any financial instrument. Investing involves risk, including the possible loss of principal. Exent AI does not execute trades, hold customer funds, or provide brokerage services. Past performance and hypothetical results are not indicative of future results. Third-party data and AI-generated outputs may be incomplete or inaccurate.

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