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Ovintiv (OVV) Stock Forecast & Price Target

Ovintiv logo
C$55.60 +0.77 (+1.40%)
(As of 01:21 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

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
5.22% 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 5.22% from the current price of C$55.60.
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OVV Analyst Ratings Over Time

TypeCurrent Forecast
12/25/23 to 12/24/24
1 Month Ago
11/25/23 to 11/24/24
3 Months Ago
9/26/23 to 9/25/24
1 Year Ago
12/25/22 to 12/25/23
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 TargetC$58.50C$58.50C$58.50C$47.00
Forecasted Upside5.22% Upside-10.36% Downside11.71% Upside-19.08% 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.
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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.
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Ovintiv Stock vs. The Competition

TypeOvintivEnergy Companies
Consensus Rating Score
3.40
2.81
Consensus RatingBuyModerate Buy
News Sentiment Rating
Neutral News

See Recent OVV News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/15/2024Siebert Williams Shank
5 of 5 stars
G. Sorbara
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UpgradeStrong-Buy
7/18/2024Wolfe Research
3 of 5 stars
D. Leggate
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UpgradeStrong-Buy
7/10/2024Evercore ISI
2 of 5 stars
S. Richardson
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UpgradeHold ➝ Strong-Buy
4/19/2024National Bankshares
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 Boost TargetOutperformC$59.00 ➝ C$68.00-4.78%
2/29/2024Royal Bank of Canada
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 Boost TargetSector PerformC$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 Wednesday at 12:51 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 Wednesday, December 18, 2024. Please send any questions or comments about these Ovintiv pros and cons to contact@marketbeat.com.

Ovintiv
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There is currently 1 hold rating, 1 buy rating and 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OVV shares.

According to analysts, Ovintiv's stock has a predicted upside of 5.22% 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.


This page (TSE:OVV) was last updated on 12/24/2024 by MarketBeat.com Staff
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