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Analysts Offer Insights on Utilities Companies: Paramount Resources (OtherPRMRF), Ovintiv (OVV) and Atlantica Yield (AY)

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Paramount Resources (PRMRFResearch Report), Ovintiv (OVVResearch Report) and Atlantica Yield (AYResearch Report).

Paramount Resources (PRMRF)

In a report issued on August 3, Michael Harvey from RBC Capital maintained a Hold rating on Paramount Resources, with a price target of C$40.00. The company’s shares closed last Friday at $21.49.

According to TipRanks.com, Harvey is a 5-star analyst with an average return of 23.4% and a 51.7% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Birchcliff Energy, and Kelt Exploration.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paramount Resources with a $31.94 average price target.

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Ovintiv (OVV)

In a report issued on August 4, Gregory Pardy from RBC Capital maintained a Buy rating on Ovintiv, with a price target of $51.00. The company’s shares closed last Friday at $47.82.

According to TipRanks.com, Pardy is a 5-star analyst with an average return of 23.1% and a 55.2% success rate. Pardy covers the Utilities sector, focusing on stocks such as Vermilion Energy, Canadian Natural, and Cenovus Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ovintiv with a $68.00 average price target, implying a 52.1% upside from current levels. In a report issued on August 3, Mizuho Securities also maintained a Buy rating on the stock with a $69.00 price target.

Atlantica Yield (AY)

RBC Capital analyst Shelby Tucker maintained a Hold rating on Atlantica Yield on August 4 and set a price target of $38.00. The company’s shares closed last Friday at $34.84.

According to TipRanks.com, Tucker is a top 100 analyst with an average return of 11.8% and a 75.9% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Nextera Energy Partners.

Atlantica Yield has an analyst consensus of Hold, with a price target consensus of $36.00, representing a 2.8% upside. In a report issued on August 4, UBS also maintained a Hold rating on the stock with a $35.00 price target.

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