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Wall Street Analysts Are Bullish on Top Energy Picks

Tipranks - Tipranks - Wed May 13, 6:04AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Ovintiv (OVV) and Phillips 66 (PSX) with bullish sentiments.

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Ovintiv (OVV)

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Ovintiv today and set a price target of $67.00. The company’s shares closed last Monday at $59.09.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 11.6% and a 61.6% success rate. Sorbara covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Crescent Energy Company Class A, and Comstock Resources. ;'>

Ovintiv has an analyst consensus of Moderate Buy, with a price target consensus of $63.04, implying a 7.1% upside from current levels. In a report issued on April 28, Truist Financial also maintained a Buy rating on the stock.

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Phillips 66 (PSX)

In a report released yesterday, Joe Laetsch from Morgan Stanley reiterated a Buy rating on Phillips 66, with a price target of $180.00. The company’s shares closed last Monday at $175.36.

According to TipRanks.com, Laetsch is a 4-star analyst with an average return of 7.7% and a 62.6% success rate. Laetsch covers the NA sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Nabors Industries. ;'>

Currently, the analyst consensus on Phillips 66 is a Moderate Buy with an average price target of $187.31, which is a 8.0% upside from current levels. In a report issued on April 30, TipRanks – xAI also upgraded the stock to Buy with a $191.00 price target.

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