Ovintiv (OVV) Stock Forecast & Price Target

C$65.97 -0.21 (-0.32%)

As of 04:00 PM Eastern

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
-11.32% Downside

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 downside of -11.32% from the current price of C$65.97.

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OVV Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	3 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	-11.32% Downside	7.70% Upside	4.67% Upside	-14.44% Downside
Consensus Rating	Buy	Buy	Buy	Hold

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	2.82
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent OVV News	Neutral 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 Monday at 07:43 PM 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 Monday, January 20, 2025. 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 earnings estimates for FY2024 have been increased to $8.00 per share, indicating strong growth potential compared to the consensus estimate of $5.66 per share.
The stock is currently trading at C$66.09, which is above its 12-month low of C$49.74, suggesting a positive trend in its market performance.
Ovintiv Inc. has received multiple "strong-buy" ratings from analysts, reflecting confidence in its future performance and potential for price appreciation.
The company has a relatively low price-to-earnings (P/E) ratio of 6.76, which may indicate that the stock is undervalued compared to its earnings, making it an attractive investment opportunity.
With a dividend yield of 2.46%, investors can benefit from regular income in addition to potential capital gains from stock price appreciation.

Ovintiv
Bear Case

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

The company has a high debt-to-equity ratio of 67.70, which may indicate financial risk and could affect its ability to manage debt obligations effectively.
Despite recent upgrades, the stock has shown volatility with a beta of 2.63, suggesting that it may be more susceptible to market fluctuations compared to less volatile stocks.
Ovintiv Inc. has a current ratio of 0.44, which is below the ideal threshold of 1, indicating potential liquidity issues that could impact its short-term financial health.
The company recently cut its dividend, which may signal financial strain and could deter income-focused investors.
Analysts have mixed ratings, with one hold rating and one buy rating, indicating uncertainty about the stock's future performance.

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 equities research 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 equities research analysts is that investors should "buy" OVV shares.
: According to analysts, Ovintiv's stock has a predicted downside of -11.32% based on their 12-month stock forecasts.
: 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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This page (TSE:OVV) was last updated on 1/20/2025 by MarketBeat.com Staff

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Ovintiv (OVV) Stock Forecast & Price Target