Ovintiv (OVV) Stock Forecast, Price Target & Predictions

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OVV Stock Forecast

Ovintiv stock forecast is as follows: an average price target of $55.88 (represents a 25.29% upside from OVV’s last price of $44.60) 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 $55.88 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 25.29% upside from OVV's last price of $44.60.

OVV Analyst Ratings

Buy

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
Oct 28, 2024	Neal Dingmann	Truist Financial	$47.00	$39.41	19.26%	5.38%
Oct 15, 2024	Gabriele Sorbara	Williams Trading	$60.00	$42.54	41.04%	34.53%
Oct 01, 2024	Roger Read	Wells Fargo	$42.00	$38.31	9.63%	-5.83%
Sep 30, 2024	Stephen Richardson	Evercore ISI	$54.00	$38.37	40.73%	21.08%
Jul 22, 2024	Neal Dingmann	Truist Financial	$60.00	$46.78	28.26%	34.53%
Jul 17, 2024	Doug Leggate	Wolfe Research	$65.00	$48.47	34.10%	45.74%
Jun 14, 2024	Stephen Richardson	Evercore ISI	$60.00	$46.83	28.12%	34.53%
May 09, 2024	Greg Pardy	RBC Capital	$62.00	$50.91	21.78%	39.01%
Apr 09, 2024	Betty Jiang	Barclays	$69.00	$55.56	24.19%	54.71%
Apr 05, 2024	Neal Dingmann	Truist Financial	$68.00	$54.85	23.97%	52.47%

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The latest Ovintiv stock forecast, released on Oct 28, 2024 by Neal Dingmann from Truist Financial, set a price target of $47.00, which represents a 19.26% increase from the stock price at the time of the forecast ($39.41), and a 5.38% increase from OVV last price ($44.60).

Ovintiv Price Target by Period

	1M	3M	12M
# Anlaysts	1	4	10
Avg Price Target	$47.00	$50.75	$58.70
Last Closing Price	$44.60	$44.60	$44.60
Upside/Downside	5.38%	13.79%	31.61%

In the current month, the average price target of Ovintiv stock is $47.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 5.38% increase as opposed to Ovintiv's last price of $44.60. This month's average price target is down -7.39% compared to last quarter, and down -19.93% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 01, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
Sep 30, 2024	Evercore ISI	Outperform	Outperform	Hold
Sep 12, 2024	Wells Fargo	Sector Perform	Sector Perform	Hold
Sep 12, 2024	UBS	Underperform	Underperform	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

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Ovintiv's last stock rating was published by Wells Fargo on Oct 01, 2024. The company gave OVV a "Equal-Weight" 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	Jun 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	$3.74B	$1.97B	$3.34B	$1.79B	$1.69B	$1.84B	$1.53B	$1.19B	$726.00M	$2.64B	$1.56B	$1.87B
Avg Forecast	$2.25B	$2.24B	$2.23B	$2.21B	$2.56B	$2.43B	$2.16B	$2.09B	$2.24B	$2.23B	$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	$2.50B	$2.49B	$2.48B	$2.45B	$2.85B	$2.70B	$2.39B	$2.22B	$2.48B	$2.35B	$2.47B	$2.66B	$3.34B	$2.82B	$2.62B	$2.48B	$2.99B	$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
Low Forecast	$2.02B	$2.01B	$2.00B	$1.98B	$2.30B	$2.18B	$1.93B	$2.01B	$2.13B	$2.11B	$2.47B	$2.66B	$2.48B	$2.81B	$2.12B	$2.00B	$2.41B	$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
# Analysts	1	1	1	1	1	1	1	3	4	2	5	4	8	4	5	4	4	3	4	3	5	4	5	4	10	16	8	11	7	11
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.94%	1.58%	1.14%	1.20%	1.25%	1.38%	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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	5	4	8	4	5	4	4	3	4	3	5	4	5	4	10	16	8	11	7	11
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$879.00M	$1.70B	$1.05B	$1.45B	$1.67B	$1.79B	$90.00M	$1.73B	$303.00M	$205.00M	$528.00M	$-149.00M	$-1.06B	$-3.51B	$1.19B	$590.00M	$836.00M
Avg Forecast	$449.76M	$447.66M	$445.64M	$440.94M	$512.28M	$485.13M	$430.90M	$418.75M	$448.87M	$445.33M	$494.10M	$690.47M	$605.70M	$563.19M	$471.90M	$545.83M	$2.36B	$1.17B	$1.63B	$915.16M	$847.53M	$796.23M	$721.62M	$431.48M	$655.96M	$536.93M	$511.97M	$903.38M	$765.99M	$724.36M
High Forecast	$499.83M	$497.50M	$495.25M	$490.02M	$569.31M	$539.14M	$478.87M	$444.24M	$495.71M	$469.34M	$494.10M	$828.57M	$667.37M	$563.99M	$524.44M	$654.99M	$2.83B	$1.17B	$1.95B	$915.16M	$847.53M	$796.23M	$721.62M	$517.78M	$655.96M	$536.93M	$511.97M	$1.08B	$765.99M	$724.36M
Low Forecast	$403.66M	$401.77M	$399.96M	$395.74M	$459.77M	$435.41M	$386.74M	$402.36M	$425.45M	$421.33M	$494.10M	$552.38M	$495.58M	$562.39M	$423.53M	$436.66M	$1.89B	$1.17B	$1.30B	$915.16M	$847.53M	$796.23M	$721.62M	$345.19M	$655.96M	$536.93M	$511.97M	$722.70M	$765.99M	$724.36M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.56%	3.60%	1.93%	0.61%	1.42%	1.10%	0.10%	2.04%	0.38%	0.28%	1.22%	-0.23%	-1.97%	-6.86%	1.32%	0.77%	1.15%

8 analysts predict OVV's average Quarter EBITDA for Dec 23 to be $605.70M, with a high of $667.37M and a low of $495.58M. This is -31.09% lower 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	5	4	8	4	5	4	4	3	4	3	5	4	5	4	10	16	8	11	7	11
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$406.00M	$1.32B	$487.00M	$1.33B	$1.19B	$1.36B	$-241.00M	$1.38B	$-72.00M	$-205.00M	$309.00M	$-614.00M	$-1.52B	$-4.38B	$421.00M	$-6.00M	$149.00M
Avg Forecast	$400.85M	$353.96M	$332.29M	$346.37M	$346.59M	$281.93M	$273.92M	$295.16M	$277.45M	$308.29M	$351.82M	$404.08M	$512.80M	$475.17M	$220.62M	$319.43M	$1.88B	$518.59M	$1.55B	$668.45M	$429.65M	$418.47M	$378.62M	$252.52M	$150.62M	$-47.78M	$-120.00M	$578.88M	$206.25M	$182.44M
High Forecast	$458.86M	$405.19M	$380.38M	$396.50M	$396.75M	$322.73M	$313.56M	$405.17M	$351.61M	$352.90M	$353.13M	$484.90M	$565.66M	$475.18M	$252.55M	$383.32M	$2.26B	$518.59M	$1.87B	$668.45M	$429.65M	$418.47M	$378.62M	$303.02M	$150.62M	$-47.78M	$-120.00M	$694.65M	$206.25M	$182.44M
Low Forecast	$347.43M	$306.79M	$288.01M	$300.22M	$300.41M	$244.36M	$237.42M	$260.28M	$236.24M	$267.21M	$350.50M	$323.27M	$470.51M	$475.16M	$191.22M	$255.55M	$1.51B	$518.59M	$1.24B	$668.45M	$429.65M	$418.47M	$378.62M	$202.01M	$150.62M	$-47.78M	$-120.00M	$463.10M	$206.25M	$182.44M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.85%	5.99%	1.52%	0.71%	2.29%	0.87%	-0.36%	3.22%	-0.17%	-0.54%	1.22%	-4.08%	31.83%	36.52%	0.73%	-0.03%	0.82%

Ovintiv's average Quarter net income forecast for Dec 23 is $512.80M, with a range of $470.51M to $565.66M. OVV's average Quarter net income forecast represents a 26.31% 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	5	4	8	4	5	4	4	3	4	3	5	4	5	4	10	16	8	11	7	11
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$436.00M	$500.00M	$505.00M	$460.00M	$485.00M	$132.00M	$95.00M	$99.00M	$122.00M	$98.00M	$79.00M	$165.00M	$53.00M	$100.00M	$81.00M
Avg Forecast	$389.49M	$387.67M	$385.92M	$381.84M	$443.63M	$420.12M	$373.16M	$362.63M	$388.72M	$385.65M	$427.88M	$159.54M	$524.53M	$487.71M	$408.66M	$126.12M	$477.92M	$490.25M	$469.82M	$383.46M	$355.12M	$333.63M	$302.36M	$99.70M	$274.85M	$224.98M	$214.52M	$72.88M	$320.95M	$303.51M
High Forecast	$432.85M	$430.82M	$428.88M	$424.35M	$493.02M	$466.89M	$414.70M	$384.70M	$429.28M	$406.44M	$427.88M	$191.45M	$577.93M	$488.41M	$454.15M	$151.34M	$573.50M	$490.25M	$469.82M	$383.46M	$355.12M	$333.63M	$302.36M	$119.64M	$274.85M	$224.98M	$214.52M	$87.45M	$320.95M	$303.51M
Low Forecast	$349.56M	$347.93M	$346.36M	$342.70M	$398.16M	$377.05M	$334.91M	$348.44M	$368.44M	$364.86M	$427.88M	$127.63M	$429.16M	$487.02M	$366.77M	$100.90M	$382.33M	$490.25M	$469.82M	$383.46M	$355.12M	$333.63M	$302.36M	$79.76M	$274.85M	$224.98M	$214.52M	$58.30M	$320.95M	$303.51M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.46%	1.05%	1.03%	0.98%	1.26%	0.37%	0.28%	0.33%	1.22%	0.36%	0.35%	0.77%	0.73%	0.31%	0.27%

Ovintiv's average Quarter SG&A projection for Jun 23 is $408.66M, based on 5 Wall Street analysts, with a range of $366.77M to $454.15M. The forecast indicates a -6.27% 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	3	4	2	5	4	8	4	5	4	4	3	4	3	5	4	5	4	10	16	8	11	7	11
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.48	$5.14	$1.99	$4.54	$4.70	$5.28	$-0.94	$5.30	$-0.28	$-0.79	$1.19	$-2.36	$-5.85	$-16.87	$1.62	$-0.02	$0.55
Avg Forecast	$1.52	$1.34	$1.26	$1.31	$1.31	$1.07	$1.04	$1.12	$1.05	$1.17	$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	$1.74	$1.53	$1.44	$1.50	$1.50	$1.22	$1.19	$1.53	$1.33	$1.34	$1.34	$1.41	$2.14	$1.80	$0.96	$2.08	$2.01	$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
Low Forecast	$1.32	$1.16	$1.09	$1.14	$1.14	$0.93	$0.90	$0.99	$0.89	$1.01	$1.33	$1.41	$1.78	$1.80	$0.72	$1.57	$1.52	$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
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.82%	6.15%	1.10%	2.59%	2.43%	1.93%	-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	$31.23	$57.83	85.17%	Hold
CNQ	Canadian Natural Resources	$33.67	$53.45	58.75%	Buy
OVV	Ovintiv	$44.60	$55.88	25.29%	Buy
PR	Permian Resources	$15.13	$17.92	18.44%	Buy
VET	Vermilion Energy	$10.13	$10.74	6.02%	Hold
EQT	EQT	$44.08	$41.53	-5.78%	Buy
RRC	Range Resources	$34.34	$31.53	-8.18%	Buy
CRK	Comstock Resources	$14.04	$9.25	-34.12%	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 $55.88 with a range of $32 to $115, implying a 25.29% from its last price of $44.6. 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 25.29% (from the last price of $44.6 to the average price target of $55.88), up by 157.85% based on the highest stock price target, and down by -28.25% based on the lowest stock price target.

Can Ovintiv stock reach $70?

OVV's highest twelve months analyst stock price target of $115 supports the claim that Ovintiv can reach $70 in the near future.

What is Ovintiv's current price target trend?

1 Wall Street analyst forecast a $47 price target for Ovintiv (OVV) this month, up 5.38% from its last price of $44.6. Compared to the last 3 and 12 months, the average price target increased by 13.79% and increased by 31.61%, respectively.

What are Ovintiv's analysts' financial forecasts?

Ovintiv's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.24B (high $10.16B, low $8.42B), average EBITDA is $1.85B (high $2.03B, low $1.68B), average net income is $1.2B (high $1.44B, low $1.04B), average SG&A $1.6B (high $1.76B, low $1.46B), and average EPS is $4.54 (high $5.45, low $3.95). OVV's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.92B (high $9.92B, low $8.01B), average EBITDA is $1.78B (high $1.98B, low $1.6B), average net income is $1.43B (high $1.64B, low $1.24B), average SG&A $1.54B (high $1.72B, low $1.39B), and average EPS is $5.43 (high $6.22, low $4.71).

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, missing the average prediction of $6.07B by -17.68%. The company's net income was $3.64B, missing the average estimation of $4.63B by -21.38%. Apple's SG&A was $1.95B, beating the average forecast of $1.82B by 7.06%. 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, beating the average prediction of $563.19M by 56.08%. Ovintiv's net income was $406M, missing the average estimation of $475.17M by -14.56%. The company's SG&A was $0, missing the average forecast of $487.71M by -100.00%. Lastly, the company's EPS was $1.48, missing the average prediction of $1.8 by -17.77%