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Analysts Have Conflicting Sentiments on These Energy Companies: Phillips 66 (PSX), Pembina Pipeline (PBA) and Ovintiv (OVV)

Tipranks - Thu Apr 9, 6:26AM CDT

Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Phillips 66 (PSX), Pembina Pipeline (PBA) and Ovintiv (OVV).

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Phillips 66 (PSX)

J.P. Morgan analyst Zach Parham maintained a Buy rating on Phillips 66 today and set a price target of $188.00. The company’s shares closed last Tuesday at $174.70.

According to TipRanks.com, Parham is a 5-star analyst with an average return of 10.2% and a 65.6% success rate. Parham covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, California Resources Corp, and National Fuel Gas Company. ;'>

Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $172.22, implying a 0.1% upside from current levels. In a report issued on March 25, Raymond James also maintained a Buy rating on the stock with a $205.00 price target.

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Pembina Pipeline (PBA)

In a report released yesterday, Benjamin Pham from BMO Capital maintained a Hold rating on Pembina Pipeline, with a price target of C$63.00. The company’s shares closed last Tuesday at $44.62.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 9.5% and a 68.0% success rate. Pham covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, TransAlta, and Fortis. ;'>

Currently, the analyst consensus on Pembina Pipeline is a Moderate Buy with an average price target of $44.80, representing a 0.6% upside. In a report issued on March 25, J.P. Morgan also maintained a Hold rating on the stock with a C$60.00 price target.

Ovintiv (OVV)

BMO Capital analyst Phillip Jungwirth assigned a Buy rating to Ovintiv today and set a price target of $62.00. The company’s shares closed last Tuesday at $60.73.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 7.5% and a 52.8% success rate. Jungwirth covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Flowco Holdings Inc Class A, and Weatherford International. ;'>

Ovintiv has an analyst consensus of Moderate Buy, with a price target consensus of $60.53, representing a 1.1% upside. In a report issued on March 25, TipRanks – xAI also upgraded the stock to Buy with a $64.00 price target.

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