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Analysts Offer Insights on Energy Companies: Ovintiv (OVV) and Alliance Resource (ARLP)

Tipranks - Wed Jun 10, 8:44AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Ovintiv (OVV) and Alliance Resource (ARLP) with bullish sentiments.

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Ovintiv (OVV)

RBC Capital analyst Gregory Pardy reiterated a Buy rating on Ovintiv today and set a price target of $70.00. The company’s shares closed last Tuesday at $57.51.

According to TipRanks.com, Pardy is a 5-star analyst with an average return of 23.5% and a 64.9% success rate. Pardy covers the NA sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Parex Resources. ;'>

Ovintiv has an analyst consensus of Strong Buy, with a price target consensus of $68.67, representing a 18.6% upside. In a report issued on May 26, UBS also maintained a Buy rating on the stock with a $75.00 price target.

See today’s best-performing stocks on TipRanks >>

Alliance Resource (ARLP)

In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Alliance Resource, with a price target of $33.00. The company’s shares closed last Monday at $25.54.

Reichman has an average return of 17.4% when recommending Alliance Resource. ;'>

According to TipRanks.com, Reichman is ranked #11943 out of 12293 analysts.

Alliance Resource has an analyst consensus of Moderate Buy, with a price target consensus of $33.00, implying a 25.5% upside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $29.00 price target.

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