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Analysts Offer Insights on Energy Companies: Ovintiv (OVV) and EOG Resources (EOG)

Tipranks - Tipranks - Tue Jun 23, 5:54AM CDT

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

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Ovintiv (OVV)

In a report released today, Gregory Pardy from RBC Capital reiterated a Buy rating on Ovintiv, with a price target of $70.00. The company’s shares closed last Thursday at $52.41.

According to TipRanks.com, Pardy is a 5-star analyst with an average return of 22.6% and a 64.2% success rate. Pardy covers the NA sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Parex Resources. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ovintiv with a $70.11 average price target, representing a 32.7% upside. In a report released today, Wells Fargo also upgraded the stock to Buy with a $80.00 price target.

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EOG Resources (EOG)

In a report released yesterday, Hanwen Chang from Wells Fargo maintained a Buy rating on EOG Resources, with a price target of $196.00. The company’s shares closed last Thursday at $129.98.

According to TipRanks.com, Chang is a 4-star analyst with an average return of 6.1% and a 47.9% success rate. Chang covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, LandBridge Company LLC Class A, and Magnolia Oil & Gas. ;'>

EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $155.59.

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