TSE:OVV - Ovintiv Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Buy
Consensus Price Target: C$35.63
Forecasted Upside: -8.93 %
Number of Analysts: 9
Breakdown:
0 Sell Ratings
4 Hold Ratings
5 Buy Ratings
0 Strong Buy Ratings

C^$39.12 As of 06/24/2021 05:00 PM ET

▲ +0.6 (1.56%)

1 month | 3 months | 12 months

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Analyst Price Target for OVV

C^$35.63

▼ -8.93% Downside Potential

This price target is based on 9 analysts offering 12 month price targets for Ovintiv in the last 3 months. The average price target is C$35.63, with a high forecast of C$50.00 and a low forecast of C$24.00. The average price target represents a -8.93% upside from the last price of C$39.12.

Current Consensus is Buy

The current consensus among 9 polled investment analysts is to buy stock in Ovintiv. This rating has held steady since January 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations Description Skip Past Price Target Consensus Chart

0 strong buy ratings
4 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

1/1/2020

0 strong buy ratings
3 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

3/31/2020

0 strong buy ratings
2 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

6/29/2020

0 strong buy ratings
4 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

9/27/2020

0 strong buy ratings
4 buy ratings
3 hold ratings
0 sell ratings

Ratings as of

12/26/2020

0 strong buy ratings
4 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

3/26/2021

0 strong buy ratings
4 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

5/25/2021

0 strong buy ratings
5 buy ratings
4 hold ratings
0 sell ratings

Ratings as of

6/24/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target
6/17/2021	National Bank Financial	Boost Price Target	Outperform	C$50.00
6/10/2021	Tudor Pickering & Holt	Boost Price Target	Buy	C$34.00 ➝ C$37.00
6/10/2021	Tudor Pickering	Boost Price Target	Buy	C$37.00
6/3/2021	Barclays	Upgrade	Underperform ➝ Overweight
4/30/2021	Raymond James	Reiterated Rating	Market Perform	C$31.00
4/30/2021	Royal Bank of Canada	Reiterated Rating	Sector Perform	C$44.00
4/29/2021	TD Securities	Boost Price Target	Buy	C$38.00
4/29/2021	Tudor Pickering	Boost Price Target	Buy	C$34.00
4/29/2021	Tudor Pickering & Holt	Boost Price Target	Buy	C$30.00 ➝ C$34.00
4/19/2021	Raymond James	Lower Price Target	Market Perform	C$31.00
4/15/2021	National Bank Financial	Boost Price Target	Outperform	C$40.00
3/25/2021	Tudor Pickering	Reiterated Rating	Buy	C$30.00
3/25/2021	Raymond James	Reiterated Rating	Market Perform	C$30.00
3/25/2021	Credit Suisse Group	Boost Price Target	Neutral	C$24.00
3/25/2021	CSFB	Boost Price Target	Neutral	C$22.00 ➝ C$24.00
3/25/2021	Tudor Pickering & Holt	Set Price Target	Buy	C$30.00
3/15/2021	Tudor Pickering & Holt	Set Price Target	Hold	C$30.00
3/15/2021	Tudor Pickering	Boost Price Target	HOLD	C$30.00
2/25/2021	Raymond James	Reiterated Rating	Outperform	C$21.00
2/19/2021	TD Securities	Boost Price Target	Hold	C$24.00
2/19/2021	Tudor Pickering	Reiterated Rating	Hold	C$17.00
2/19/2021	Royal Bank of Canada	Boost Price Target	Sector Perform	C$18.00 ➝ C$23.00
1/25/2021	Tudor Pickering	Reiterated Rating	Hold	C$17.00
1/25/2021	Tudor Pickering & Holt	Set Price Target	Hold	C$17.00
1/18/2021	Raymond James	Boost Price Target	Market Perform	C$21.00
11/20/2020	Tudor Pickering	Reiterated Rating	Hold	C$12.00
11/20/2020	Tudor Pickering & Holt	Set Price Target	Hold	C$12.00
10/13/2020	Tudor Pickering & Holt	Set Price Target	Hold	C$14.00
9/21/2020	Tudor Pickering	Reiterated Rating	Hold	C$14.00
9/21/2020	Tudor Pickering & Holt	Set Price Target	Hold	C$14.00
9/2/2020	Tudor Pickering	Reiterated Rating	Hold	C$13.00
9/2/2020	Tudor Pickering & Holt	Set Price Target	Hold	C$13.00
5/8/2020	CSFB	Reiterated Rating	Neutral
4/23/2020	National Bank Financial	Boost Price Target	Outperform	C$6.50 ➝ C$7.50
3/13/2020	Stifel Firstegy	Downgrade	Buy ➝ Hold
3/13/2020	CSFB	Set Price Target	Neutral	C$3.00
3/10/2020	National Bank Financial	Lower Price Target	Outperform	C$5.50
2/7/2020	Capital One Financial	Reiterated Rating	Equal Weight
1/9/2020	Barclays	Downgrade	Equal Weight ➝ Underweight
11/1/2019	CIBC	Lower Price Target	Underperform	C$5.00 ➝ C$4.00
10/2/2019	National Bank Financial	Lower Price Target	Outperform	C$9.50 ➝ C$8.50
7/18/2019	Royal Bank of Canada	Lower Price Target		C$11.00 ➝ C$9.00
7/9/2019	Cormark	Lower Price Target		C$15.00 ➝ C$13.00
6/25/2019	National Bank Financial	Lower Price Target	Outperform	C$11.00 ➝ C$8.50
6/14/2019	BMO Capital Markets	Lower Price Target		C$11.00 ➝ C$9.00
4/8/2019	AltaCorp Capital	Reiterated Rating	Outperform
4/8/2019	National Bank Financial	Boost Price Target		C$10.50 ➝ C$11.00
3/4/2019	Macquarie	Upgrade	Neutral ➝ Outperform
3/1/2019	Jefferies Financial Group	Boost Price Target		C$10.00 ➝ C$11.00
1/30/2019	Mizuho	Reiterated Rating	Neutral	C$10.50
1/8/2019	BMO Capital Markets	Upgrade	Market Perform ➝ Outperform	C$12.00 ➝ C$11.00
1/7/2019	AltaCorp Capital	Upgrade	Sector Perform ➝ Outperform
12/13/2018	GMP Securities	Lower Price Target		C$15.00 ➝ C$11.00
12/13/2018	Jefferies Financial Group	Set Price Target		C$11.00
12/10/2018	National Bank Financial	Lower Price Target	Outperform	C$18.50 ➝ C$10.50
11/2/2018	AltaCorp Capital	Downgrade	Outperform ➝ Sector Perform
7/10/2018	Canaccord Genuity	Boost Price Target		C$16.00 ➝ C$19.00
5/3/2018	BMO Capital Markets	Set Price Target	Outperform	C$15.00
4/18/2018	BMO Capital Markets	Set Price Target	Outperform	C$15.00
2/16/2018	Sanford C. Bernstein	Boost Price Target		C$19.89 ➝ C$19.98
2/7/2018	AltaCorp Capital	Upgrade	Sector Perform ➝ Outperform
1/15/2018	AltaCorp Capital	Downgrade	Outperform ➝ Sector Perform
10/20/2017	Scotiabank	Boost Price Target	Sector Perform	C$16.25
10/20/2017	Raymond James	Boost Price Target	Strong-Buy	C$20.00
7/24/2017	AltaCorp Capital	Upgrade	Sector Perform ➝ Outperform
7/24/2017	TD Securities	Boost Price Target	Buy	C$15.50
7/24/2017	Royal Bank of Canada	Boost Price Target	Outperform	C$16.25
7/24/2017	Raymond James	Boost Price Target	Strong-Buy	C$19.00
6/30/2017	TD Securities	Upgrade	Hold ➝ Buy	C$15.00
6/21/2017	BMO Capital Markets	Reiterated Rating	Outperform	C$13.00
6/13/2017	TD Securities	Lower Price Target	Hold	C$15.50
5/31/2017	Raymond James	Initiated Coverage	Outperform	C$20.00
5/3/2017	TD Securities	Reiterated Rating	Hold	C$18.00
5/3/2017	Scotiabank	Reiterated Rating	Underperform	C$18.00
5/2/2017	AltaCorp Capital	Reiterated Rating	Sector Perform
4/20/2017	Scotiabank	Reiterated Rating	Underperform	C$15.00
2/21/2017	GMP Securities	Downgrade	Buy ➝ Hold
2/17/2017	Scotiabank	Reiterated Rating	Underperform	C$12.00
2/17/2017	TD Securities	Reiterated Rating	Hold	C$15.00
1/27/2017	TD Securities	Downgrade	Buy ➝ Hold	C$15.00
1/5/2017	Scotiabank	Boost Price Target	Underperform	C$11.00 ➝ C$12.00
12/21/2016	BMO Capital Markets	Boost Price Target		C$14.00 ➝ C$15.00
11/18/2016	TD Securities	Reiterated Rating	Buy	C$13.00
11/4/2016	Scotiabank	Reiterated Rating	Top Pick	C$10.00
11/4/2016	TD Securities	Reiterated Rating	Buy	C$13.00
11/4/2016	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	C$17.50
10/9/2016	TD Securities	Boost Price Target	Buy	C$12.50 ➝ C$13.00
10/6/2016	BMO Capital Markets	Boost Price Target		C$12.00 ➝ C$14.00
10/6/2016	Royal Bank of Canada	Boost Price Target	Sector Perform	C$14.00 ➝ C$16.50
10/3/2016	TD Securities	Boost Price Target	Buy	C$11.50 ➝ C$12.00
9/30/2016	CIBC	Upgrade	Underperform ➝ Sector Perform
9/21/2016	Royal Bank of Canada	Boost Price Target	Sector Perform	C$13.00 ➝ C$14.00
9/12/2016	Royal Bank of Canada	Boost Price Target	Outperform	C$11.50 ➝ C$12.75
8/17/2016	TD Securities	Reiterated Rating	Buy	C$11.50
7/22/2016	Royal Bank of Canada	Reiterated Rating	Sector Perform	C$11.50

(Data available from 6/24/2016 forward)

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Eagle Ford in south Texas, Bakken in North Dakota, and Uinta in central Utah; and Duvernay in west central Alberta, Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.

Today's Range

Now: C$39.12

C$37.97

C$39.13

50 Day Range

MA: C$32.71

C$27.47

C$38.90

52 Week Range

Now: C$39.12

C$9.07

C$39.32

Volume

174,702 shs

Average Volume

547,493 shs

Market Capitalization

C$10.21 billion

P/E Ratio

N/A

Dividend Yield

1.21%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Ovintiv?

The following Wall Street sell-side analysts have issued stock ratings on Ovintiv in the last year: Barclays PLC, Credit Suisse Group AG, CSFB, National Bank Financial, Raymond James, Royal Bank of Canada, TD Securities, Tudor Pickering, and Tudor Pickering & Holt.
View the latest analyst ratings for OVV.

What is the current price target for Ovintiv?

8 Wall Street analysts have set twelve-month price targets for Ovintiv in the last year. Their average twelve-month price target is C$35.63, suggesting a possible downside of 8.9%. National Bank Financial has the highest price target set, predicting OVV will reach C$50.00 in the next twelve months. CSFB has the lowest price target set, forecasting a price of C$24.00 for Ovintiv in the next year.
View the latest price targets for OVV.

What is the current consensus analyst rating for Ovintiv?

Ovintiv currently has 4 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe OVV will outperform the market and that investors should add to their positions of Ovintiv.
View the latest ratings for OVV.

What other companies compete with Ovintiv?

Other companies that are similar to Ovintiv include Tourmaline Oil, Return Energy, Whitecap Resources, Seven Generations Energy, Zargon Oil & Gas, Raging River Exploration, Baytex Energy, Energean, Freehold Royalties, Peyto Exploration & Development, Kosmos Energy, Tamarack Valley Energy, International Petroleum, Tullow Oil and Diversified Energy.

How do I contact Ovintiv's investor relations team?

The company's listed phone number is 303-623-2300. The official website for Ovintiv is www.ovintiv.com.