Ovintiv (OVV) Stock Forecast & Price Target

$44.23

-0.05 (-0.11%)

(As of 02:04 PM ET)

Today's Range: $44.03
▼
$44.66
50-Day Range: $43.85
▼
$51.26
52-Week Range: $32.07
▼
$57.13

Volume: 1.14 million shs
Average Volume: 3.40 million shs
Market Capitalization: $12.07 billion

P/E Ratio: 4.39
Dividend Yield: 2.71%
Price Target: $56.61

Ovintiv Consensus Analyst Rating and Stock Price Forecast (2023)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$56.61
27.99% Upside

High Forecast	$75.00
Average Forecast	$56.61
Low Forecast	$39.00

Type	Current Forecast 11/28/22 to 11/28/23	1 Month Ago 10/29/22 to 10/29/23	3 Months Ago 8/30/22 to 8/30/23	1 Year Ago 11/28/21 to 11/28/22
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	14 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	8 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$56.61	$57.68	$57.47	$69.63
Predicted Upside	27.99% Upside	25.03% Upside	28.29% Upside	44.49% Upside

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OVV Analyst Ratings 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.

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.

Ovintiv Stock vs. The Competition

Type	Ovintiv	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.56	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	27.86% Upside	412.43% Upside	5,661.32% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$51.00 ➝ $49.00	+11.46%
11/22/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$48.00 ➝ $52.00	+16.44%
10/17/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$47.00 ➝ $49.00	-4.07%
10/16/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	$49.00 ➝ $53.00	+4.72%
10/12/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	$59.00 ➝ $69.00	+43.03%
10/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$59.00 ➝ $69.00	+41.92%
Get the Latest News and Ratings for OVV and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Ovintiv and its competitors with MarketBeat's FREE daily newsletter.
10/10/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	$47.00 ➝ $50.00	+3.31%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$62.00 ➝ $64.00	+44.67%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$62.00 ➝ $66.00	+41.78%
9/18/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$65.00 ➝ $67.00	+41.59%
7/31/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$52.00 ➝ $54.00	+18.53%
7/12/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral ➝ Neutral
7/10/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$42.00 ➝ $39.00	+2.82%
5/23/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$55.00 ➝ $50.00	+37.85%
4/5/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$79.00 ➝ $53.00	+35.41%
3/14/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$59.00 ➝ $53.00	+40.92%
3/7/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$56.00 ➝ $51.00	+15.88%
1/23/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight	$60.00 ➝ $56.00	+11.62%
12/9/2022	Siebert Williams Shank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$75.00	+54.93%

(Data available from 11/28/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

OVV Price Target - Frequently Asked Questions

What is Ovintiv's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for Ovintiv stock is Moderate Buy based on the current 8 hold ratings and 8 buy ratings for OVV. The average twelve-month price prediction for Ovintiv is $56.61 with a high price target of $75.00 and a low price target of $39.00. Learn more on OVV's analyst rating history.
Do Wall Street analysts like Ovintiv more than its competitors?: Analysts like Ovintiv less than other Oils/Energy companies. The consensus rating score for Ovintiv is 2.50 while the average consensus rating score for oils/energy companies is 2.57. Learn more on how OVV compares to other companies.
Is Ovintiv being upgraded by Wall Street analysts?: Over the previous 90 days, Ovintiv's stock had 1 upgrade by analysts.

Does Ovintiv's stock price have much upside?: According to analysts, Ovintiv's stock has a predicted upside of 24.85% based on their 12-month stock forecasts.
What analysts cover Ovintiv?: Ovintiv has been rated by Bank of America, Citigroup, Mizuho, Morgan Stanley, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, UBS Group, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:OVV) was last updated on 11/28/2023 by MarketBeat.com Staff

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