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NYSE: OVV
Ovintiv Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for OVV

Based on 10 analysts offering 12 month price targets for Ovintiv Inc.
Min Forecast
$49.00-7.79%
Avg Forecast
$59.30+11.59%
Max Forecast
$69.00+29.85%

Should I buy or sell OVV stock?

Based on 10 analysts offering ratings for Ovintiv Inc.
Buy
Strong Buy
6 analysts 60%
Buy
0 analysts 0%
Hold
4 analysts 40%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their OVV stock forecasts and price targets.

OVV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-04-12
lockedlocked$00.00+00.00%2024-04-11
lockedlocked$00.00+00.00%2024-04-10
lockedlocked$00.00+00.00%2024-04-04
Goldman Sachs
Top 5%
96
HoldMaintains$56.00+5.38%2024-03-26
Citigroup
Top 19%
82
Strong BuyMaintains$58.00+9.15%2024-03-18
Wells Fargo
Top 2%
99
HoldMaintains$54.00+1.62%2024-03-12
RBC Capital
Top 17%
84
HoldMaintains$49.00-7.79%2024-02-29
JP Morgan
Top 10%
91
Strong BuyUpgrades$58.00+9.15%2023-12-06

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Forecast return on equity

Is OVV forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.16%

Forecast return on assets

Is OVV forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

OVV revenue forecast

What is OVV's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$10.1B-6.81%
Avg 2 year Forecast
$10.4B-4.86%
Avg 3 year Forecast
$11.1B+2.24%
OVV's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

OVV earnings growth forecast

How is OVV forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
-11.76%
Industry
35.43%
Market
21.46%
OVV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
OVV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
OVV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

OVV revenue growth forecast

How is OVV forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
0.35%
Industry
7.62%
Market
9.92%
OVV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
OVV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

OVV vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
OVV$53.14$59.30+11.59%Buy
TPL$592.02$694.17+17.25%Buy
PR$17.33$19.31+11.41%Strong Buy
MRO$27.74$33.20+19.68%Strong Buy
CHK$91.47$101.00+10.42%Buy
View Top Oil and Gas Stocks

Ovintiv Stock Forecast FAQ

Is Ovintiv Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: OVV) stock is to Buy OVV stock.

Out of 10 analysts, 6 (60%) are recommending OVV as a Strong Buy, 0 (0%) are recommending OVV as a Buy, 4 (40%) are recommending OVV as a Hold, 0 (0%) are recommending OVV as a Sell, and 0 (0%) are recommending OVV as a Strong Sell.

If you're new to stock investing, here's how to buy Ovintiv stock.

What is OVV's revenue growth forecast for 2024-2026?

(NYSE: OVV) Ovintiv's forecast annual revenue growth rate of 0.35% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 7.62%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.92%.

Ovintiv's revenue in 2024 is $10,883,000,000.On average, 6 Wall Street analysts forecast OVV's revenue for 2024 to be $2,733,368,754,098, with the lowest OVV revenue forecast at $2,225,494,184,918, and the highest OVV revenue forecast at $2,959,819,404,010. On average, 6 Wall Street analysts forecast OVV's revenue for 2025 to be $2,790,679,797,641, with the lowest OVV revenue forecast at $2,128,414,837,253, and the highest OVV revenue forecast at $3,099,423,926,000.

In 2026, OVV is forecast to generate $2,998,854,357,479 in revenue, with the lowest revenue forecast at $2,818,672,716,480 and the highest revenue forecast at $3,167,635,508,733.

What is OVV's forecast return on assets (ROA) for 2024-2027?

(NYSE: OVV) forecast ROA is N/A, which is lower than the forecast US Oil & Gas E&P industry average of N/A.

What is OVV's Price Target?

According to 10 Wall Street analysts that have issued a 1 year OVV price target, the average OVV price target is $59.30, with the highest OVV stock price forecast at $69.00 and the lowest OVV stock price forecast at $49.00.

On average, Wall Street analysts predict that Ovintiv's share price could reach $59.30 by Apr 15, 2025. The average Ovintiv stock price prediction forecasts a potential upside of 11.59% from the current OVV share price of $53.14.

What is OVV's forecast return on equity (ROE) for 2024-2027?

(NYSE: OVV) forecast ROE is N/A, which is considered weak.
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