Analysts have been eager to weigh in on the Utilities sector with new ratings on Pioneer Natural (PXD) and Ovintiv (OVV).
Pioneer Natural (PXD)
KeyBanc analyst Leo Mariani maintained a Buy rating on Pioneer Natural today and set a price target of $144.00. The company’s shares closed last Thursday at $133.01, close to its 52-week high of $147.24.
According to TipRanks.com, Mariani is a 3-star analyst with an average return of 5.5% and a 49.1% success rate. Mariani covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and Continental Resources.
Currently, the analyst consensus on Pioneer Natural is a Strong Buy with an average price target of $154.21, representing a 13.6% upside. In a report issued on February 11, RBC Capital also maintained a Buy rating on the stock with a $158.00 price target.
See today’s analyst top recommended stocks >>
Ovintiv (OVV)
In a report released today, Gregory Pardy from RBC Capital maintained a Hold rating on Ovintiv, with a price target of $23.00. The company’s shares closed last Thursday at $20.95, close to its 52-week high of $23.19.
According to TipRanks.com, Pardy is a 3-star analyst with an average return of 3.2% and a 50.5% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Cenovus Energy.
Ovintiv has an analyst consensus of Hold, with a price target consensus of $19.40, implying a -14.0% downside from current levels. In a report released yesterday, TD Securities also maintained a Hold rating on the stock with a $24.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.