Analysts Have Conflicting Sentiments on These Energy Companies: Chord Energy (CHRD), Occidental Petroleum (OXY) and Ovintiv (OVV)

Analysts have been eager to weigh in on the Energy sector with new ratings on Chord Energy (CHRD – Research Report), Occidental Petroleum (OXY – Research Report) and Ovintiv (OVV – Research Report).

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Chord Energy (CHRD)

Mizuho Securities analyst Nitin Kumar CFA reiterated a Buy rating on Chord Energy today and set a price target of $142.00. The company’s shares closed last Thursday at $97.52.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 2.7% and a 54.9% success rate. CFA covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, California Resources Corp, and HF Sinclair Corporation. ;'>

Chord Energy has an analyst consensus of Strong Buy, with a price target consensus of $133.29, representing a 33.7% upside. In a report issued on September 19, Texas Capital Securities also maintained a Buy rating on the stock with a $172.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Occidental Petroleum (OXY)

Evercore ISI analyst Stephen Richardson maintained a Sell rating on Occidental Petroleum yesterday and set a price target of $38.00. The company’s shares closed last Thursday at $44.23.

According to TipRanks.com, Richardson is a 4-star analyst with an average return of 6.5% and a 55.4% success rate. Richardson covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Baker Hughes Company, and Marathon Petroleum. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Occidental Petroleum with a $49.94 average price target.

Ovintiv (OVV)

In a report released today, Arun Jayaram from J.P. Morgan reiterated a Buy rating on Ovintiv, with a price target of $47.00. The company’s shares closed last Thursday at $39.56, close to its 52-week low of $36.62.

According to TipRanks.com, Jayaram is a 4-star analyst with an average return of 7.7% and a 51.4% success rate. Jayaram covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Occidental Petroleum, and Baker Hughes Company. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ovintiv with a $52.63 average price target, implying a 30.7% upside from current levels. In a report issued on September 26, Siebert Williams Shank & Co also maintained a Buy rating on the stock with a $60.00 price target.

Read More on CHRD:

Disclaimer & DisclosureReport an Issue

• Chord Energy Completes $750M Senior Notes Offering
• Chord Energy management to meet with Piper Sandler
• Intel downgraded, Tesla upgraded: Wall Street’s top analyst calls
• Chord Energy initiated with a Sector Perform at Scotiabank
• Chord Energy price target raised to $149 from $146 at Wells Fargo