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Ovintiv (OVV) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

OVV Stock Forecast

Ovintiv stock forecast is as follows: an average price target of $53.60 (represents a 38.57% upside from OVV’s last price of $38.68) 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 $53.60 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $42.00. This represents a potential 38.57% upside from OVV's last price of $38.68.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 28, 2024Neal DingmannTruist Financial$47.00$39.4119.26%21.51%
Oct 15, 2024Gabriele SorbaraWilliams Trading$60.00$42.5441.04%55.12%
Oct 01, 2024Roger ReadWells Fargo$42.00$38.319.63%8.58%
Sep 30, 2024Stephen RichardsonEvercore ISI$54.00$38.3740.73%39.61%
Jul 22, 2024Neal DingmannTruist Financial$60.00$46.7828.26%55.12%
Jul 17, 2024Doug LeggateWolfe Research$65.00$48.4734.10%68.05%
Jun 14, 2024Stephen RichardsonEvercore ISI$60.00$46.8328.12%55.12%
May 09, 2024Greg PardyRBC Capital$62.00$50.9121.78%60.29%
Apr 09, 2024Betty JiangBarclays$69.00$55.5624.19%78.39%
Apr 05, 2024Neal DingmannTruist Financial$68.00$54.8523.97%75.80%
Dec 14, 2022Morgan Stanley$60.00$50.7218.30%55.12%
Dec 07, 2022Barclays$60.00$50.6018.58%55.12%
Jun 16, 2022Travis WoodNational Bank$115.00$51.33124.04%197.31%
Apr 22, 2022Morgan Stanley$68.00$50.7733.94%75.80%
Jan 25, 2022Devin McDermottMorgan Stanley$49.00$38.7326.52%26.68%
Jan 21, 2022Jeoffrey LambujonTudor Pickering$54.00$36.5347.82%39.61%
Jan 13, 2022Jason BouvierScotiabank$46.00$38.5619.29%18.92%
Dec 14, 2021Josh SilversteinWolfe Research$48.00$31.9950.05%24.10%
Dec 06, 2021Gabriel DaoudCowen & Co.$32.00$33.03-3.12%-17.27%
Nov 17, 2021Lloyd ByrneUBS$59.00$34.0373.38%52.53%
Nov 03, 2021William JanelaCredit Suisse$45.00$36.3523.80%16.34%
Sep 23, 2021Nicholas PopeSeaport Global$42.00$30.4837.80%8.58%
Jul 29, 2021John GerdesMKM Partners$54.00$25.72109.95%39.61%
Jul 28, 2021Menno HulshofTD Securities$44.00$25.6871.34%13.75%

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 21.51% increase from OVV last price ($38.68).

Ovintiv Price Target by Period

1M3M12M
# Anlaysts-410
Avg Price Target-$50.75$58.70
Last Closing Price$38.68$38.68$38.68
Upside/Downside-100.00%31.20%51.76%

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 $38.68. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 01, 2024Wells FargoEqual-WeightEqual-WeightHold
Sep 30, 2024Evercore ISIOutperformOutperformHold
Sep 12, 2024Wells FargoSector PerformSector PerformHold
Sep 12, 2024UBSUnderperformUnderperformHold
Jul 22, 2024Wells FargoSector OutperformSector OutperformHold
Jul 17, 2024Wolfe ResearchOutperformInitialise
Jul 12, 2024ScotiabankOutperformOutperformHold
Jun 14, 2024Evercore ISIOutperformUpgrade
Jun 10, 2024UBSBuyBuyHold
Jun 09, 2024Cowen & Co.BuyBuyHold
Jun 07, 2024CitigroupBuyBuyHold
May 13, 2024Wells FargoSector PerformSector PerformHold
May 09, 2024RBC CapitalSector PerformSector PerformHold
Apr 17, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 11, 2024ScotiabankOutperformOutperformHold
Apr 09, 2024CitigroupBuyBuyHold
Apr 09, 2024RBC CapitalSector PerformSector PerformHold
Mar 28, 2024Morgan StanleyPositivePositiveHold
Dec 14, 2022Morgan StanleyOverweightOverweightHold
Dec 07, 2022BarclaysOverweightOverweightHold
Jul 19, 2022Bank of America SecuritiesBuyUpgrade
Feb 28, 2022RBC CapitalOutperformUpgrade
Jan 25, 2022Morgan StanleyOverweightOverweightHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$2.28B$2.28B$2.27B$2.26B$2.58B$2.46B$2.38B$2.20B$2.26B$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$2.55B$2.55B$2.54B$2.53B$2.89B$2.75B$2.66B$2.30B$2.51B$2.35B$2.47B$2.66B$3.34B$2.82B$2.64B$2.50B$3.01B$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$2.02B$2.02B$2.00B$2.29B$2.18B$2.11B$2.10B$2.18B$2.11B$2.47B$2.66B$2.48B$2.81B$2.09B$1.98B$2.38B$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
# Analysts2222111454548454434354541016811711
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111454548454434354541016811711
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$455.88M$456.42M$454.30M$451.93M$516.82M$491.44M$476.23M$439.50M$451.72M$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$509.97M$510.58M$508.21M$505.56M$578.15M$549.76M$532.74M$460.25M$501.03M$469.34M$494.10M$828.57M$667.37M$563.99M$527.90M$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$404.38M$404.86M$402.98M$400.88M$458.43M$435.92M$422.43M$420.64M$435.94M$421.33M$494.10M$552.38M$495.58M$562.39M$418.59M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111454548454434354541016811711
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$404.04M$351.92M$312.85M$334.55M$347.04M$291.39M$256.10M$288.77M$268.19M$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$466.37M$406.21M$361.11M$386.16M$400.58M$336.34M$295.60M$396.75M$301.71M$355.85M$353.13M$484.90M$565.66M$475.18M$254.65M$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$344.70M$300.24M$266.90M$285.42M$296.07M$248.60M$218.49M$243.57M$240.25M$263.01M$350.50M$323.27M$470.51M$475.16M$188.22M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111454548454434354541016811711
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$394.78M$395.25M$393.42M$391.37M$447.56M$425.58M$412.41M$380.60M$391.18M$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$441.63M$442.15M$440.10M$437.81M$500.67M$476.08M$461.34M$398.57M$433.89M$406.44M$427.88M$191.45M$577.93M$488.41M$457.15M$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$350.18M$350.60M$348.97M$347.15M$397.00M$377.50M$365.82M$364.26M$377.51M$364.86M$427.88M$127.63M$429.16M$487.02M$362.49M$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 $362.49M to $457.15M. The forecast indicates a -6.27% fall compared to OVV last annual SG&A of $436.00M (Mar 23).

Ovintiv EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111454548454434354541016811711
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$1.53$1.33$1.19$1.27$1.31$1.10$0.97$1.09$1.02$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$1.77$1.54$1.37$1.46$1.52$1.27$1.12$1.50$1.14$1.35$1.34$1.41$2.14$1.80$0.96$2.09$2.03$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$1.31$1.14$1.01$1.08$1.12$0.94$0.83$0.92$0.91$1.00$1.33$1.41$1.78$1.80$0.71$1.55$1.50$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CNQCanadian Natural Resources$30.16$53.4577.22%Buy
VTLEVital Energy$29.39$48.0063.32%Hold
PRPermian Resources$13.85$20.0044.40%Buy
OVVOvintiv$38.68$53.6038.57%Buy
VETVermilion Energy$8.92$10.7420.40%Hold
RRCRange Resources$34.79$35.883.13%Buy
EQTEQT$44.32$43.75-1.29%Buy
CRKComstock Resources$17.09$8.67-49.27%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 $53.6 with a range of $42 to $65, implying a 38.57% from its last price of $38.68. 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 38.57% (from the last price of $38.68 to the average price target of $53.6), up by 68.05% based on the highest stock price target, and up by 8.58% based on the lowest stock price target.

Can Ovintiv stock reach $60?

OVV's highest twelve months analyst stock price target of $65 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 $9.62B (high $10.61B, low $8.69B), average EBITDA is $1.92B (high $2.12B, low $1.74B), average net income is $1.18B (high $1.43B, low $1.01B), average SG&A $1.67B (high $1.84B, low $1.5B), and average EPS is $4.48 (high $5.41, low $3.81). OVV's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $9.09B (high $10.17B, low $8.07B), average EBITDA is $1.82B (high $2.03B, low $1.61B), average net income is $1.4B (high $1.62B, low $1.2B), average SG&A $1.57B (high $1.76B, low $1.4B), and average EPS is $5.32 (high $6.14, low $4.54).

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%