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Analysts Are Bullish on These Energy Stocks: Williams Co (WMB), Alliance Resource (ARLP)

Tipranks - Wed Jul 15, 8:06AM CDT

There’s a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Williams Co (WMB), Alliance Resource (ARLP) and Ovintiv (OVV) with bullish sentiments.

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Williams Co (WMB)

Goldman Sachs analyst John Mackay reiterated a Buy rating on Williams Co yesterday and set a price target of $82.00. The company’s shares closed last Monday at $74.46.

According to TipRanks.com, Mackay is a 5-star analyst with an average return of 21.2% and a 69.5% success rate. Mackay covers the NA sector, focusing on stocks such as Enterprise Products Partners, Kodiak Gas Services, Inc., and Cheniere Energy Partners. ;'>

Williams Co has an analyst consensus of Strong Buy, with a price target consensus of $85.33, implying a 13.1% upside from current levels. In a report issued on July 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $82.00 price target.

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Alliance Resource (ARLP)

In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Alliance Resource, with a price target of $33.00. The company’s shares closed last Monday at $24.69.

Reichman has an average return of 15.9% when recommending Alliance Resource. ;'>

According to TipRanks.com, Reichman is ranked #11945 out of 12383 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliance Resource with a $33.00 average price target, a 34.4% upside from current levels. In a report issued on July 3, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $27.00 price target.

Ovintiv (OVV)

J.P. Morgan analyst Arun Jayaram maintained a Buy rating on Ovintiv today and set a price target of $63.00. The company’s shares closed last Monday at $56.51.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 9.4% and a 58.6% success rate. Jayaram covers the NA sector, focusing on stocks such as National Energy Services Reunited, California Resources Corp, and HF Sinclair Corporation. ;'>

Ovintiv has an analyst consensus of Strong Buy, with a price target consensus of $70.06, which is a 23.8% upside from current levels. In a report issued on July 2, Wells Fargo also maintained a Buy rating on the stock with a $80.00 price target.

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