Analysts have been eager to weigh in on the Utilities sector with new ratings on Ovintiv (OVV), EQT (EQT) and Northwestern (NWE).
Ovintiv (OVV)
Truist Financial analyst Neal Dingmann maintained a Hold rating on Ovintiv today and set a price target of $11.00. The company’s shares closed last Friday at $10.02.
According to TipRanks.com, Dingmann is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.0% and a 35.2% success rate. Dingmann covers the Utilities sector, focusing on stocks such as Whiting Petroleum Corporation, Northern Oil And Gas, and Occidental Petroleum.
Currently, the analyst consensus on Ovintiv is a Hold with an average price target of $12.03, which is a 20.3% upside from current levels. In a report issued on October 9, RBC Capital also maintained a Hold rating on the stock with a $11.00 price target.
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EQT (EQT)
MKM Partners analyst John Gerdes maintained a Buy rating on EQT today and set a price target of $19.00. The company’s shares closed last Friday at $15.72, close to its 52-week high of $17.97.
According to TipRanks.com, Gerdes has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.0% and a 41.3% success rate. Gerdes covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Concho Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $19.10 average price target, implying a 21.1% upside from current levels. In a report issued on October 9, Morgan Stanley also upgraded the stock to Buy with a $16.50 price target.
Northwestern (NWE)
Credit Suisse analyst Michael Weinstein W. maintained a Hold rating on Northwestern today and set a price target of $64.00. The company’s shares closed last Friday at $55.09.
According to TipRanks.com, W. is a 5-star analyst with an average return of 34.1% and a 67.0% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Northwestern with a $60.50 average price target.
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