Ovintiv Inc. (OVV)
NYSE: OVV · IEX Real-Time Price · USD
47.24
-0.56 (-1.17%)
Jul 19, 2024, 4:00 PM EDT - Market closed
Ovintiv Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Ovintiv stock have an average target of 58.94, with a low estimate of 48 and a high estimate of 70. The average target predicts an increase of 24.77% from the current stock price of 47.24.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ovintiv stock from 17 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 6 | 6 |
| Buy | 2 | 2 | 2 | 2 | 3 | 5 |
| Hold | 8 | 7 | 6 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 13 | 13 | 13 | 15 | 17 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Buy Initiates n/a | Buy | Initiates | n/a | n/a | Jul 18, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $58 → $60 | Buy | Maintains | $58 → $60 | +27.01% | Jul 12, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Reiterates $60 | Buy | Reiterates | $60 | +27.01% | Jul 10, 2024 |
| B of A Securities | B of A Securities | Hold Initiates $55 | Hold | Initiates | $55 | +16.43% | Jun 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold → Buy Upgrades $60 | Hold → Buy | Upgrades | $60 | +27.01% | Jun 14, 2024 |
Financial Forecast
Revenue This Year
9.78B
from 10.88B
Decreased by -10.16%
Revenue Next Year
10.10B
from 9.78B
Increased by 3.29%
EPS This Year
6.23
from 7.90
Decreased by -21.15%
EPS Next Year
7.17
from 6.23
Increased by 15.08%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.6B | 13.0B | 12.1B |
| Avg | 9.8B | 10.1B | 9.8B |
| Low | 7.7B | 7.5B | 7.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.5% | 32.8% | 20.0% |
| Avg | -10.2% | 3.3% | -2.7% |
| Low | -29.2% | -23.3% | -27.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.60 | 9.96 | 10.97 | 4.66 |
| Avg | 6.23 | 7.17 | 7.24 | 4.48 |
| Low | 4.24 | 4.76 | 4.58 | 4.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.9% | 60.0% | 53.1% | -35.6% |
| Avg | -21.2% | 15.1% | 1.0% | -38.1% |
| Low | -46.3% | -23.5% | -36.1% | -39.9% |
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.