Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Ovintiv (OVV – Research Report), APA (APA – Research Report) and MEG Energy (MEGEF – Research Report).
Ovintiv (OVV)
Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Ovintiv today and set a price target of $71.00. The company’s shares closed last Tuesday at $52.51, close to its 52-week high of $55.95.
Sorbara has an average return of
According to TipRanks.com, Sorbara is ranked #370 out of 8824 analysts.
Ovintiv has an analyst consensus of Strong Buy, with a price target consensus of $60.10, which is a 15.0% upside from current levels. In a report issued on April 24, Barclays also maintained a Buy rating on the stock with a $69.00 price target.
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APA (APA)
RBC Capital analyst Scott Hanold maintained a Hold rating on APA yesterday and set a price target of $41.00. The company’s shares closed last Tuesday at $30.26, close to its 52-week low of $28.90.
According to TipRanks.com, Hanold is ranked #12 out of 8824 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for APA with a $38.81 average price target, implying a 29.7% upside from current levels. In a report issued on April 24, Barclays also maintained a Hold rating on the stock with a $40.00 price target.
MEG Energy (MEGEF)
RBC Capital analyst Gregory Pardy maintained a Buy rating on MEG Energy yesterday and set a price target of C$39.00. The company’s shares closed last Tuesday at $23.00, close to its 52-week high of $24.59.
According to TipRanks.com, Pardy is a top 100 analyst with an average return of
Currently, the analyst consensus on MEG Energy is a Moderate Buy with an average price target of $25.31.
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