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Ovintiv (OVV)
NYSE:OVV

Ovintiv (OVV) Stock Forecast & Price Target

1,650 Followers
See the Price Targets and Ratings of:

OVV Analyst Ratings

Strong Buy
16Ratings
12 Buy
4 Hold
0 Sell
Based on 16 analysts giving stock ratings to
Ovintiv
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

OVV Stock 12 Month Forecast

Average Price Target

$60.50
▲(17.41% Upside)
Based on 16 Wall Street analysts offering 12 month price targets for Ovintiv in the last 3 months. The average price target is $60.50 with a high forecast of $69.00 and a low forecast of $49.00. The average price target represents a 17.41% change from the last price of $51.53.
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Highest Price Target$69.00Average Price Target$60.50Lowest Price Target$49.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
Goldman Sachs
$56.00
Hold
8.67%
Upside
Reiterated
03/26/24
Ovintiv Inc. (OVV) PT Raised to $56 at Goldman SachsGoldman Sachs analyst Umang Choudhary raised the price target on Ovintiv Inc. (NYSE: OVV) to $56.00 (from $47.00) while maintaining a Neutral rating.
Mizuho Securities
$58.00
Buy
12.56%
Upside
Reiterated
03/22/24
Ovintiv Inc. (OVV) PT Lowered to $58 at MizuhoMizuho analyst Nitin Kumar lowered the price target on Ovintiv Inc. (NYSE: OVV) to $58.00 (from $59.00) while maintaining a Buy rating.
National Bank
$59.00
Buy
14.50%
Upside
Reiterated
02/29/24
Ovintiv price target raised to $59 from $53 at National BankOvintiv price target raised to $59 from $53 at National Bank
Bank of America Securities
$56.00
Buy
8.67%
Upside
Reiterated
02/28/24
Buy Rating Affirmed for Ovintiv on Strong Earnings and Operational Excellence
Siebert Williams Shank & Co
$60.00
Buy
16.44%
Upside
Reiterated
02/28/24
Ovintiv Inc. (OVV) Poised for Outperformance: A Buy Recommendation

Best Analysts Covering Ovintiv

Which Analyst Should I Follow If I Want to Buy OVV and Sell After:
1 Month
Lloyd ByrneJefferies
Success Rate
14/18 ratings generated profit
78%
Average Return
+14.28%
assigned a buy rating 11 days ago
Copying Lloyd Byrne's trades and holding each position for 1 Month would result in 77.78% of your transactions generating a profit, with an average return of +14.28% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
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3 Months
Lloyd ByrneJefferies
Success Rate
14/18 ratings generated profit
78%
Average Return
+24.89%
assigned a buy rating 11 days ago
Copying Lloyd Byrne's trades and holding each position for 3 Months would result in 77.78% of your transactions generating a profit, with an average return of +24.89% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
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1 Year
Success Rate
20/22 ratings generated profit
91%
Average Return
+49.57%
reiterated a buy rating 12 days ago
Copying Josh Silverstein's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +49.57% per trade.
2 Years
Nitin Kumar CFAMizuho Securities
Success Rate
16/16 ratings generated profit
100%
Average Return
+31.09%
reiterated a buy rating last month
Copying Nitin Kumar CFA's trades and holding each position for 2 Years would result in 100.00% of your transactions generating a profit, with an average return of +31.09% per trade.
dummydummy
Success Rate
0/0 ratings generated profit
0%
Average Return
0.00%
a rating ―
Copying dummy's trades and holding each position for XXXX would result in 0.10% of your transactions generating a profit, with an average return of 0.00% per trade.
Premium Content
Find out which analyst has the highest Average Return & Success Rate
Go Premium
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

OVV Analyst Recommendation Trends

Rating
Dec 23
Jan 24
Feb 24
Mar 24
Apr 24
Strong Buy
0
0
0
0
0
Buy
18
18
18
19
20
Hold
9
8
8
9
7
Sell
1
0
0
0
0
Strong Sell
0
0
0
0
0
total
28
26
26
28
27
In the current month, OVV has received 20 Buy Ratings, 7 Hold Ratings, and 0 Sell Ratings. OVV average Analyst price target in the past 3 months is $60.50.
Each month's total comprises the sum of three months' worth of ratings.
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OVV Financial Forecast

OVV Earnings Forecast

Next quarter’s earnings estimate for OVV is $1.45 with a range of $0.94 to $2.08. The previous quarter’s EPS was $2.35. OVV beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 52.20% of the time in the same period. In the last calendar year OVV has Outperformed its overall industry.
Next quarter’s earnings estimate for OVV is $1.45 with a range of $0.94 to $2.08. The previous quarter’s EPS was $2.35. OVV beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 52.20% of the time in the same period. In the last calendar year OVV has Outperformed its overall industry.

OVV Sales Forecast

Next quarter’s sales forecast for OVV is $2.66B with a range of $2.56B to $2.78B. The previous quarter’s sales results were $2.82B. OVV beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 49.80% of the time in the same period. In the last calendar year OVV has Outperformed its overall industry.
Next quarter’s sales forecast for OVV is $2.66B with a range of $2.56B to $2.78B. The previous quarter’s sales results were $2.82B. OVV beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 49.80% of the time in the same period. In the last calendar year OVV has Outperformed its overall industry.

OVV Stock Forecast FAQ

What is OVV’s average 12-month price target, according to analysts?
Based on analyst ratings, Ovintiv’s 12-month average price target is $60.50.
    What is OVV’s upside potential, based on the analysts’ average price target?
    Ovintiv has 17.41% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is OVV a Buy, Sell or Hold?
          Ovintiv has a conensus rating of Strong Buy which is based on 12 buy ratings, 4 hold ratings and 0 sell ratings.
            What is Ovintiv’s price target?
            The average price target for Ovintiv is $60.50. This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $69.00 ,the lowest forecast is $49.00. The average price target represents 17.41% Increase from the current price of $51.53.
              What do analysts say about Ovintiv?
              Ovintiv’s analyst rating consensus is a Strong Buy. This is based on the ratings of 16 Wall Streets Analysts.
                How can I buy shares of OVV?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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