Ovintiv Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Ovintiv stock have an average target of 59.33, with a low estimate of 51 and a high estimate of 69. The average target predicts an increase of 60.35% from the current stock price of 37.00.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$51	$59.33	$60	$69
Change	+37.84%	+60.35%	+62.16%	+86.49%

Analyst Ratings

The average analyst rating for Ovintiv stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Apr '24	May '24	Jun '24	Jul '24	Aug '24	Sep '24
Strong Buy	5	5	6	6	6	6
Buy	2	2	3	5	5	5
Hold	6	6	6	6	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	15	17	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Josh Silverstein UBS	UBS	Strong Buy Maintains $61 → $57	Strong Buy	Maintains	$61 → $57	+54.05%	Sep 18, 2024
Devin McDermott Morgan Stanley	Morgan Stanley	Hold Maintains $53 → $51	Hold	Maintains	$53 → $51	+37.84%	Sep 16, 2024
Arun Jayaram JP Morgan	JP Morgan	Buy Maintains $60 → $51	Buy	Maintains	$60 → $51	+37.84%	Sep 12, 2024
Josh Silverstein UBS	UBS	Strong Buy Maintains $66 → $61	Strong Buy	Maintains	$66 → $61	+64.86%	Aug 9, 2024
Greg Pardy RBC Capital	RBC Capital	Hold Maintains $62 → $61	Hold	Maintains	$62 → $61	+64.86%	Aug 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.37B

from 10.66B

-12.11%

from 10.66B

Revenue Next Year

9.41B

from 9.37B

0.45%

from 9.37B

EPS This Year

5.84

from 7.90

-26.04%

from 7.90

EPS Next Year

6.88

from 5.84

17.66%

from 5.84

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	7.01B	5.51B	10.47B	14.26B	10.66B	9.37B	9.41B	9.34B
Revenue Growth	28.51%	-21.45%	90.02%	36.25%	-25.25%	-12.11%	0.45%	-0.73%
EPS	0.90	-23.47	5.32	14.08	7.90	5.84	6.88	7.45
EPS Growth	-83.91%	-	-	164.66%	-43.89%	-26.04%	17.66%	8.40%
Forward PE	-	-	-	-	-	6.33	5.38	4.96
No. Analysts	-	-	-	-	-	23	22	14

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	10.9B	11.5B	11.9B
Avg	9.4B	9.4B	9.3B
Low	7.5B	7.4B	6.9B

Revenue Growth

Revenue Growth	2024	2025	2026
High	2.0%	23.2%	26.4%
Avg	-12.1%	0.4%	-0.7%
Low	-29.5%	-21.5%	-27.0%

EPS Forecast

EPS	2024	2025	2026
High	6.93	8.41	10.54
Avg	5.84	6.88	7.45
Low	4.33	5.41	4.90

EPS Growth

EPS Growth	2024	2025	2026
High	-12.3%	43.9%	53.3%
Avg	-26.0%	17.7%	8.4%
Low	-45.2%	-7.4%	-28.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.