Ovintiv Inc. (OVV)
NYSE: OVV · IEX Real-Time Price · USD
53.14
+0.24 (0.45%)
Apr 25, 2024, 4:00 PM EDT - Market closed
Ovintiv Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Ovintiv stock have an average target of 57.31, with a low estimate of 48 and a high estimate of 69. The average target predicts an increase of 7.85% from the current stock price of 53.14.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Ovintiv stock from 13 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 5 |
| Buy | 2 | 3 | 3 | 2 | 2 | 2 |
| Hold | 9 | 8 | 8 | 8 | 7 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 15 | 15 | 14 | 13 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $49 → $53 | Hold | Maintains | $49 → $53 | -0.26% | Apr 15, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $59 → $69 | Strong Buy | Maintains | $59 → $69 | +29.85% | Apr 12, 2024 |
| UBS | UBS | Strong Buy Maintains $62 → $69 | Strong Buy | Maintains | $62 → $69 | +29.85% | Apr 11, 2024 |
| Barclays | Barclays | Buy Initiates $69 | Buy | Initiates | $69 | +29.85% | Apr 10, 2024 |
| Mizuho | Mizuho | Strong Buy Reiterates $58 | Strong Buy | Reiterates | $58 | +9.15% | Apr 4, 2024 |
Financial Forecast
Revenue This Year
10.02B
from 10.88B
Decreased by -7.93%
Revenue Next Year
10.43B
from 10.02B
Increased by 4.10%
EPS This Year
6.12
from 7.90
Decreased by -22.50%
EPS Next Year
7.16
from 6.12
Increased by 16.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.1B | 13.6B | 13.3B |
| Avg | 10.0B | 10.4B | 10.1B |
| Low | 7.5B | 7.7B | 7.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.9% | 35.7% | 27.7% |
| Avg | -7.9% | 4.1% | -2.8% |
| Low | -30.9% | -23.3% | -27.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.97 | 10.50 | 11.27 |
| Avg | 6.12 | 7.16 | 7.40 |
| Low | 4.64 | 5.28 | 5.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.5% | 71.5% | 57.4% |
| Avg | -22.5% | 16.9% | 3.5% |
| Low | -41.3% | -13.8% | -27.5% |
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.