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Analysts’ Opinions Are Mixed on These Energy Stocks: Ovintiv (OVV), APA (APA) and Archrock (AROC)

Tipranks - Thu Apr 9, 8:52PM CDT

Analysts have been eager to weigh in on the Energy sector with new ratings on Ovintiv (OVV), APA (APA) and Archrock (AROC).

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Ovintiv (OVV)

In a report released yesterday, Gregory Pardy from RBC Capital maintained a Buy rating on Ovintiv, with a price target of $70.00. The company’s shares closed last Wednesday at $56.78.

According to TipRanks.com, Pardy is a top 100 analyst with an average return of 23.5% and a 65.5% success rate. Pardy covers the NA sector, focusing on stocks such as Vermilion Energy, Canadian Natural, and Parex Resources. ;'>

Currently, the analyst consensus on Ovintiv is a Moderate Buy with an average price target of $60.53, which is a 7.0% upside from current levels. 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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APA (APA)

In a report released yesterday, Scott Hanold from RBC Capital maintained a Hold rating on APA, with a price target of $45.00. The company’s shares closed last Wednesday at $38.75.

According to TipRanks.com, Hanold is ranked #26 out of 12128 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for APA with a $33.74 average price target, representing a -8.8% downside. In a report issued on March 25, J.P. Morgan also maintained a Hold rating on the stock with a $38.00 price target.

Archrock (AROC)

In a report issued on April 7, Elvira Scotto from RBC Capital maintained a Buy rating on Archrock, with a price target of $40.00. The company’s shares closed last Wednesday at $35.70.

According to TipRanks.com, Scotto is a top 100 analyst with an average return of 16.3% and a 71.9% success rate. Scotto covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Western Midstream Partners. ;'>

Archrock has an analyst consensus of Strong Buy, with a price target consensus of $40.00, a 15.2% upside from current levels. In a report issued on March 31, Wells Fargo also maintained a Buy rating on the stock with a $40.00 price target.

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