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Wall Street Analysts Are Bullish on Top Energy Picks

Tipranks - Wed May 13, 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 UR-Energy (URG) with bullish sentiments.

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Ovintiv (OVV)

In a report released today, Gabriel Daoud from Truist Financial maintained a Buy rating on Ovintiv. The company’s shares closed last Tuesday at $58.09.

According to TipRanks.com, Daoud is ranked 0 out of 5 stars with an average return of -12.1% and a 36.8% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

Ovintiv has an analyst consensus of Moderate Buy, with a price target consensus of $63.57, implying a 7.6% upside from current levels. In a report issued on May 4, William Blair also maintained a Buy rating on the stock.

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UR-Energy (URG)

In a report released today, Jeff Grampp from Northland Securities maintained a Buy rating on UR-Energy, with a price target of $2.35. The company’s shares closed last Tuesday at $1.81, close to its 52-week high of $1.90.

According to TipRanks.com, Grampp is a 4-star analyst with an average return of 9.2% and a 36.8% success rate. Grampp covers the NA sector, focusing on stocks such as Tamboran Resources Corporation, Mach Natural Resources LP, and Hallador Energy Company. ;'>

Currently, the analyst consensus on UR-Energy is a Strong Buy with an average price target of $2.30, which is a 26.4% upside from current levels. In a report released today, Maxim Group also maintained a Buy rating on the stock with a $2.50 price target.

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