Wall Street Analysts Are Bullish on Top Energy Picks
There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Ovintiv (OVV) and Diamondback (FANG) with bullish sentiments.
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Ovintiv (OVV)
In a report released today, Kalei Akamine from Bank of America Securities reiterated a Buy rating on Ovintiv, with a price target of $68.00. The company’s shares closed last Wednesday at $57.42.
According to TipRanks.com, Akamine is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ovintiv with a $60.00 average price target, a 3.7% upside from current levels. In a report issued on March 23, Truist Financial also initiated coverage with a Buy rating on the stock with a $70.00 price target.
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Diamondback (FANG)
In a report released yesterday, Tim Rezvan from KeyBanc assigned a Buy rating to Diamondback, with a price target of $225.00. The company’s shares closed last Wednesday at $190.62.
According to TipRanks.com, Rezvan has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $207.52, which is an 8.9% upside from current levels. In a report issued on March 23, Truist Financial also initiated coverage with a Buy rating on the stock with a $222.00 price target.
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