Ovintiv (OVV) Stock Forecast, Price Target & Predictions
OVV Stock Forecast
Ovintiv stock forecast is as follows: an average price target of $57.80 (represents a 48.93% upside from OVV’s last price of $38.81) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
OVV Price Target
The average price target for Ovintiv (OVV) is $57.80 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $32.00. This represents a potential 48.93% upside from OVV's last price of $38.81.
OVV Analyst Ratings
According to 10 Wall Street analysts, Ovintiv's rating consensus is 'Buy'. The analyst rating breakdown for OVV stock is 0 'Strong Buy' (0.00%), 8 'Buy' (80.00%), 2 'Hold' (20.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ovintiv Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 22, 2024 | Neal Dingmann | Truist Financial | $60.00 | $46.78 | 28.26% | 54.60% |
| Jul 17, 2024 | Doug Leggate | Wolfe Research | $65.00 | $48.47 | 34.10% | 67.48% |
| Jun 14, 2024 | Stephen Richardson | Evercore ISI | $60.00 | $46.83 | 28.12% | 54.60% |
| May 09, 2024 | Greg Pardy | RBC Capital | $62.00 | $50.91 | 21.78% | 59.75% |
| Apr 09, 2024 | Betty Jiang | Barclays | $69.00 | $55.56 | 24.19% | 77.79% |
| Apr 05, 2024 | Neal Dingmann | Truist Financial | $68.00 | $54.85 | 23.97% | 75.21% |
| Dec 14, 2022 | - | Morgan Stanley | $60.00 | $50.72 | 18.30% | 54.60% |
| Dec 07, 2022 | - | Barclays | $60.00 | $50.60 | 18.58% | 54.60% |
| Jun 16, 2022 | Travis Wood | National Bank | $115.00 | $51.33 | 124.04% | 196.32% |
| Apr 22, 2022 | - | Morgan Stanley | $68.00 | $50.77 | 33.94% | 75.21% |
The latest Ovintiv stock forecast, released on Jul 22, 2024 by Neal Dingmann from Truist Financial, set a price target of $60.00, which represents a 28.26% increase from the stock price at the time of the forecast ($46.78), and a 54.60% increase from OVV last price ($38.81).
Ovintiv Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 6 |
| Avg Price Target | - | $62.50 | $64.00 |
| Last Closing Price | $38.81 | $38.81 | $38.81 |
| Upside/Downside | -100.00% | 61.04% | 64.91% |
In the current month, the average price target of Ovintiv stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ovintiv's last price of $38.81. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 12, 2024 | UBS | Underperform | Underperform | Hold |
| Sep 12, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
| Jul 22, 2024 | Wells Fargo | Sector Outperform | Sector Outperform | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 12, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Jun 14, 2024 | Evercore ISI | - | Outperform | Upgrade |
| Jun 10, 2024 | UBS | Buy | Buy | Hold |
| Jun 09, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 07, 2024 | Citigroup | Buy | Buy | Hold |
| May 13, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
Ovintiv's last stock rating was published by UBS on Sep 12, 2024. The company gave OVV a "Underperform" rating, the same as its previous rate.
Ovintiv Financial Forecast
Ovintiv Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.65B | $3.74B | $2.55B | $3.21B | $3.55B | - | $1.97B | $3.34B | $1.79B | $1.69B | $1.84B | $1.53B | $1.19B | $726.00M | $2.64B | $1.56B | $1.87B |
| Avg Forecast | $2.28B | $2.28B | $2.27B | $2.25B | $2.64B | $2.56B | $2.48B | $2.44B | $2.53B | $2.46B | $2.47B | $2.66B | $3.03B | $2.82B | $2.36B | $2.23B | $2.69B | $2.83B | $2.71B | $2.22B | $2.05B | $1.93B | $1.75B | $1.62B | $1.59B | $1.30B | $1.24B | $1.57B | $1.85B | $1.75B |
| High Forecast | $2.58B | $2.59B | $2.57B | $2.56B | $3.00B | $2.91B | $2.81B | $2.77B | $2.88B | $2.58B | $2.81B | $3.03B | $3.34B | $3.20B | $2.68B | $2.53B | $3.05B | $3.22B | $2.71B | $2.46B | $2.28B | $2.14B | $1.94B | $1.80B | $1.76B | $1.44B | $1.38B | $1.74B | $2.06B | $1.95B |
| Low Forecast | $1.88B | $1.88B | $1.87B | $1.86B | $2.18B | $2.11B | $2.04B | $2.02B | $2.09B | $2.25B | $2.04B | $2.20B | $2.48B | $2.32B | $1.95B | $1.84B | $2.22B | $2.34B | $2.71B | $1.78B | $1.65B | $1.55B | $1.40B | $1.30B | $1.28B | $1.05B | $996.72M | $1.26B | $1.49B | $1.41B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 4 | 5 | 5 | 5 | 11 | 12 | 16 | 9 | 9 | 8 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.58% | 1.14% | 1.20% | 1.25% | - | 0.89% | 1.63% | 0.93% | 0.97% | 1.13% | 0.96% | 0.92% | 0.59% | 1.69% | 0.84% | 1.07% |
Ovintiv's average Quarter revenue forecast for Dec 23 based on 8 analysts is $3.03B, with a low forecast of $2.48B, and a high forecast of $3.34B. OVV's average Quarter revenue forecast represents a 14.35% increase compared to the company's last Quarter revenue of $2.65B (Sep 23).
Ovintiv EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 4 | 5 | 5 | 5 | 11 | 12 | 16 | 9 | 9 | 8 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $879.00M | $1.70B | $1.05B | $1.45B | $1.67B | - | $90.00M | $1.73B | $303.00M | $205.00M | $528.00M | $-149.00M | $-1.06B | $-3.51B | $1.19B | $590.00M | $836.00M |
| Avg Forecast | $940.42M | $941.24M | $936.36M | $931.48M | $1.09B | $1.06B | $1.02B | $1.01B | $1.05B | $1.01B | $1.02B | $690.47M | $1.25B | $1.16B | $975.09M | $545.83M | $1.11B | $375.47M | $1.12B | $915.16M | $847.53M | $296.82M | $195.33M | $431.48M | $-373.58M | $-2.45B | $-4.26B | $903.38M | $26.68M | $265.70M |
| High Forecast | $1.07B | $1.07B | $1.06B | $1.06B | $1.24B | $1.20B | $1.16B | $1.15B | $1.19B | $1.06B | $1.16B | $828.57M | $1.38B | $1.32B | $1.11B | $654.99M | $1.26B | $450.57M | $1.12B | $1.02B | $941.43M | $356.18M | $234.40M | $517.78M | $-298.87M | $-1.96B | $-3.41B | $1.08B | $32.02M | $318.83M |
| Low Forecast | $775.79M | $776.47M | $772.45M | $768.42M | $901.11M | $873.43M | $844.87M | $832.85M | $863.06M | $929.87M | $842.24M | $552.38M | $1.02B | $960.01M | $804.40M | $436.66M | $915.86M | $300.38M | $1.12B | $736.11M | $681.71M | $237.45M | $156.26M | $345.19M | $-448.30M | $-2.93B | $-5.12B | $722.70M | $21.34M | $212.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 1.74% | 1.93% | 1.31% | 4.44% | - | 0.10% | 2.04% | 1.02% | 1.05% | 1.22% | 0.40% | 0.43% | 0.82% | 1.32% | 22.11% | 3.15% |
8 analysts predict OVV's average Quarter EBITDA for Dec 23 to be $1.25B, with a high of $1.38B and a low of $1.02B. This is 42.39% upper than Ovintiv's previous annual EBITDA (Sep 23) of $879.00M.
Ovintiv Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 4 | 5 | 5 | 5 | 11 | 12 | 16 | 9 | 9 | 8 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $406.00M | $1.32B | $487.00M | $1.33B | $1.19B | - | $-241.00M | $1.38B | $-72.00M | $-205.00M | $309.00M | $-614.00M | $-1.52B | $-4.38B | $421.00M | $-6.00M | $149.00M |
| Avg Forecast | $546.94M | $521.85M | $498.63M | $503.76M | $493.20M | $455.90M | $424.09M | $448.29M | $425.69M | $413.26M | $357.28M | $404.08M | $520.76M | $482.55M | $224.04M | $319.43M | $470.73M | $-89.22M | $745.49M | $686.65M | $1.71B | $-70.53M | $-195.33M | $252.52M | $-417.06M | $-2.54B | $-4.67B | $578.88M | $-5.52M | $136.04M |
| High Forecast | $643.25M | $613.75M | $586.44M | $592.47M | $580.05M | $536.19M | $498.77M | $527.23M | $500.65M | $480.79M | $420.20M | $484.90M | $574.45M | $567.52M | $263.50M | $383.32M | $553.62M | $-71.38M | $745.49M | $785.56M | $2.06B | $-56.42M | $-156.26M | $303.02M | $-333.65M | $-2.03B | $-3.74B | $694.65M | $-4.42M | $163.25M |
| Low Forecast | $422.47M | $403.10M | $385.16M | $389.12M | $380.96M | $352.15M | $327.58M | $346.28M | $328.81M | $348.44M | $275.97M | $323.27M | $477.81M | $372.74M | $173.06M | $255.55M | $363.61M | $-107.07M | $745.49M | $512.01M | $1.37B | $-84.64M | $-234.40M | $202.01M | $-500.47M | $-3.05B | $-5.60B | $463.10M | $-6.62M | $108.83M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 5.90% | 1.52% | 2.84% | -13.29% | - | -0.35% | 0.81% | 1.02% | 1.05% | 1.22% | 1.47% | 0.60% | 0.94% | 0.73% | 1.09% | 1.10% |
Ovintiv's average Quarter net income forecast for Dec 23 is $520.76M, with a range of $477.81M to $574.45M. OVV's average Quarter net income forecast represents a 28.27% increase compared to the company's last Quarter net income of $406.00M (Sep 23).
Ovintiv SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 4 | 5 | 5 | 5 | 11 | 12 | 16 | 9 | 9 | 8 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $436.00M | $500.00M | $505.00M | - | $485.00M | $132.00M | $95.00M | $99.00M | $122.00M | $98.00M | $79.00M | $165.00M | $53.00M | $100.00M | $81.00M |
| Avg Forecast | $394.04M | $394.39M | $392.34M | $390.30M | $457.69M | $443.63M | $429.13M | $423.02M | $438.37M | $425.04M | $427.79M | $159.54M | $524.42M | $487.61M | $408.57M | $126.12M | $465.18M | $30.98M | $469.82M | $383.46M | $434.47M | $24.49M | $29.54M | $99.70M | $66.57M | $132.04M | $175.76M | $72.88M | $92.00M | $73.96M |
| High Forecast | $447.42M | $447.81M | $445.49M | $443.16M | $519.69M | $503.73M | $487.26M | $480.32M | $497.75M | $445.97M | $485.74M | $191.45M | $577.81M | $553.66M | $463.91M | $151.34M | $528.20M | $37.18M | $469.82M | $425.95M | $521.36M | $29.39M | $35.45M | $119.64M | $79.88M | $158.45M | $210.91M | $87.45M | $110.40M | $88.75M |
| Low Forecast | $325.06M | $325.35M | $323.66M | $321.97M | $377.57M | $365.97M | $354.01M | $348.97M | $361.63M | $389.62M | $352.90M | $127.63M | $429.07M | $402.25M | $337.05M | $100.90M | $383.75M | $24.78M | $469.82M | $308.44M | $347.58M | $19.59M | $23.63M | $79.76M | $53.25M | $105.63M | $140.61M | $58.30M | $73.60M | $59.17M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.46% | 1.07% | 16.30% | - | 1.26% | 0.30% | 3.88% | 3.35% | 1.22% | 1.47% | 0.60% | 0.94% | 0.73% | 1.09% | 1.10% |
Ovintiv's average Quarter SG&A projection for Jun 23 is $408.57M, based on 5 Wall Street analysts, with a range of $337.05M to $463.91M. The forecast indicates a -6.29% fall compared to OVV last annual SG&A of $436.00M (Mar 23).
Ovintiv EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 4 | 5 | 5 | 5 | 11 | 12 | 16 | 9 | 9 | 8 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.48 | $5.14 | $1.99 | $4.54 | $4.70 | - | $-0.94 | $5.30 | $-0.28 | $-0.79 | $1.19 | $-2.36 | $-5.85 | $-16.87 | $1.62 | $-0.02 | $0.55 |
| Avg Forecast | $2.04 | $1.95 | $1.86 | $1.88 | $1.84 | $1.70 | $1.58 | $1.67 | $1.59 | $1.54 | $1.33 | $1.41 | $1.94 | $1.80 | $0.84 | $1.81 | $1.76 | $1.93 | $2.74 | $2.49 | $1.60 | $1.56 | $1.41 | $0.96 | $0.56 | $-0.18 | $-0.45 | $0.20 | $0.77 | $0.68 |
| High Forecast | $2.40 | $2.29 | $2.19 | $2.21 | $2.16 | $2.00 | $1.86 | $1.97 | $1.87 | $1.79 | $1.57 | $1.66 | $2.14 | $2.12 | $0.98 | $2.13 | $2.06 | $2.27 | $2.74 | $2.85 | $1.83 | $1.79 | $1.62 | $1.09 | $0.64 | $-0.13 | $-0.33 | $0.22 | $0.88 | $0.78 |
| Low Forecast | $1.58 | $1.50 | $1.44 | $1.45 | $1.42 | $1.31 | $1.22 | $1.29 | $1.23 | $1.30 | $1.03 | $1.09 | $1.78 | $1.39 | $0.65 | $1.40 | $1.36 | $1.49 | $2.74 | $1.86 | $1.19 | $1.16 | $1.05 | $0.71 | $0.42 | $-0.20 | $-0.51 | $0.15 | $0.57 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 6.15% | 1.10% | 2.59% | 2.43% | - | -0.38% | 3.31% | -0.18% | -0.56% | 1.25% | -4.21% | 32.82% | 37.69% | 8.28% | -0.03% | 0.81% |
According to 8 Wall Street analysts, Ovintiv's projected average Quarter EPS for Dec 23 is $1.94, with a low estimate of $1.78 and a high estimate of $2.14. This represents a 31.24% increase compared to OVV previous annual EPS of $1.48 (Sep 23).
Ovintiv Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $26.43 | $60.83 | 130.16% | Hold |
| CNQ | Canadian Natural Resources | $31.97 | $53.45 | 67.19% | Buy |
| OVV | Ovintiv | $38.81 | $57.80 | 48.93% | Buy |
| SWN | Southwestern Energy Company | $6.26 | $8.85 | 41.37% | Hold |
| PR | Permian Resources | $13.49 | $18.25 | 35.29% | Buy |
| EQT | EQT | $33.19 | $41.00 | 23.53% | Buy |
| VET | Vermilion Energy | $9.22 | $10.74 | 16.49% | Buy |
| RRC | Range Resources | $29.03 | $31.00 | 6.79% | Buy |
| CRK | Comstock Resources | $10.02 | $8.33 | -16.87% | Hold |
OVV Forecast FAQ
Is Ovintiv a good buy?
Yes, according to 10 Wall Street analysts, Ovintiv (OVV) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 80.00% of OVV's total ratings.
What is OVV's price target?
Ovintiv (OVV) average price target is $57.8 with a range of $32 to $115, implying a 48.93% from its last price of $38.81. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ovintiv stock go up soon?
According to Wall Street analysts' prediction for OVV stock, the company can go up by 48.93% (from the last price of $38.81 to the average price target of $57.8), up by 196.32% based on the highest stock price target, and down by -17.55% based on the lowest stock price target.
Can Ovintiv stock reach $60?
OVV's highest twelve months analyst stock price target of $115 supports the claim that Ovintiv can reach $60 in the near future.
What are Ovintiv's analysts' financial forecasts?
Ovintiv's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $10.13B (high $11.5B, low $8.36B), average EBITDA is $4.18B (high $4.75B, low $3.45B), average net income is $1.82B (high $2.14B, low $1.41B), average SG&A $1.75B (high $1.99B, low $1.45B), and average EPS is $6.79 (high $7.99, low $5.25). OVV's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $9.08B (high $10.3B, low $7.49B), average EBITDA is $3.75B (high $4.26B, low $3.09B), average net income is $2.07B (high $2.44B, low $1.6B), average SG&A $1.57B (high $1.78B, low $1.3B), and average EPS is $7.73 (high $9.09, low $5.97).
Did the OVV's actual financial results beat the analysts' financial forecasts?
Based on Ovintiv's last annual report (Dec 2022), the company's revenue was $12.46B, beating the average analysts forecast of $10.45B by 19.30%. Apple's EBITDA was $5B, beating the average prediction of $3.52B by 41.96%. The company's net income was $3.64B, beating the average estimation of $1.81B by 100.53%. Apple's SG&A was $1.95B, beating the average forecast of $1.35B by 44.50%. Lastly, the company's EPS was $13.38, beating the average prediction of $8.92 by 49.98%. In terms of the last quarterly report (Sep 2023), Ovintiv's revenue was $2.65B, missing the average analysts' forecast of $2.82B by -5.95%. The company's EBITDA was $879M, missing the average prediction of $1.16B by -24.47%. Ovintiv's net income was $406M, missing the average estimation of $482.55M by -15.86%. The company's SG&A was $0, missing the average forecast of $487.61M by -100.00%. Lastly, the company's EPS was $1.48, missing the average prediction of $1.8 by -17.77%