Ovintiv (OVV) Stock Forecast & Price Target

C$54.32 -0.03 (-0.06%)

(As of 12/20/2024 05:17 PM ET)

Ovintiv - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 5 Analyst Ratings

Sell
0

Hold
1

Buy
4

Based on 5 Wall Street analysts who have issued ratings for Ovintiv in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 1 has given a hold rating, 1 has given a buy rating, and 3 have given a strong buy rating for OVV.

Consensus Price Target

C$58.50
7.70% Upside

According to the 5 analysts' twelve-month price targets for Ovintiv, the average price target is C$58.50. The highest price target for OVV is C$68.00, while the lowest price target for OVV is C$49.00. The average price target represents a forecasted upside of 7.70% from the current price of C$54.32.

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OVV Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$58.50	C$58.50	C$58.50	C$47.00
Forecasted Upside	7.70% Upside	-10.18% Downside	6.36% Upside	-19.08% Downside
Consensus Rating	Buy	Buy	Buy	Hold

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OVV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OVV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ovintiv Stock vs. The Competition

Type	Ovintiv	Energy Companies
Consensus Rating Score	3.40	2.81
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent OVV News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Siebert Williams Shank 5 of 5 stars	G. Sorbara Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/18/2024	Wolfe Research 3 of 5 stars	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/10/2024	Evercore ISI 2 of 5 stars	S. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/19/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$59.00 ➝ C$68.00	-4.78%
2/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$48.00 ➝ C$49.00	-26.28%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:02 AM ET.

Should I Buy Ovintiv Stock? OVV Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Ovintiv pros and cons to contact@marketbeat.com.

Ovintiv
Bull Case

Here are some ways that investors could benefit from investing in Ovintiv Inc.:

Recent upgrades from analysts, including a "strong-buy" rating from Siebert Williams Shank, indicate positive market sentiment and potential for stock appreciation.
Current stock price is C$63.57, which is near its 12-month high of C$76.63, suggesting strong performance and investor confidence.
Projected earnings growth, with estimates for FY2025 earnings at $6.43 per share and FY2026 earnings at $8.19 per share, indicating a positive outlook for profitability.
Low dividend payout ratio of 16.58% allows for reinvestment in growth opportunities, which could enhance long-term value for shareholders.
Market capitalization of C$16.76 billion and a low price-to-earnings (P/E) ratio of 6.38 suggest that the stock may be undervalued compared to its earnings potential.

Ovintiv
Bear Case

Investors should be bearish about investing in Ovintiv Inc. for these reasons:

High debt-to-equity ratio of 67.70 indicates significant leverage, which could pose risks during economic downturns or if interest rates rise.
Current ratio of 0.44 and quick ratio of 0.51 suggest potential liquidity issues, meaning the company may struggle to meet short-term obligations.
Recent earnings estimates were lowered by Capital One Financial for FY2024, indicating potential challenges in achieving previous growth expectations.
Volatility in stock price, with a beta of 2.63, suggests that the stock may experience larger fluctuations compared to the market, which could be risky for conservative investors.
Dividend yield of 2.55% may not be attractive compared to other investment opportunities, especially if growth prospects do not materialize as expected.

OVV Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Ovintiv is C$58.50, with a high forecast of C$68.00 and a low forecast of C$49.00.
: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There is currently 1 hold rating, 1 buy rating and 3 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OVV shares.
: According to analysts, Ovintiv's stock has a predicted upside of 7.70% based on their 12-month stock forecasts.
: Over the previous 90 days, Ovintiv's stock had 1 upgrade by analysts.
: Ovintiv has been rated by research analysts at Siebert Williams Shank in the past 90 days.
: Analysts like Ovintiv more than other "energy" companies. The consensus rating for Ovintiv is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how OVV compares to other companies.

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Mark my words … Bitcoin is going to $100,000. BEFORE Trump is inaugurated. And I think it could reach $125,000 by the end of his first month in office.

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This page (TSE:OVV) was last updated on 12/21/2024 by MarketBeat.com Staff

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Ovintiv (OVV) Stock Forecast & Price Target