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

OverviewForecast
EarningsDividendOwnership

Analyst price target for OVV

Based on 15 analysts offering 12 month price targets for Ovintiv Inc.
Min Forecast
$23.00-29.71%
Avg Forecast
$35.80+9.41%
Max Forecast
$54.00+65.04%

Should I buy or sell OVV stock?

Based on 15 analysts offering ratings for Ovintiv Inc.
Strong Buy
Strong Buy
9 analysts 60%
Buy
4 analysts 26.67%
Hold
2 analysts 13.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

OVV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Top 23%
78
Strong BuyMaintains$54.00+65.04%2021-10-06
Seaport Global
Bottom 33%
33
BuyInitiates Coverage On$42.00+28.36%2021-09-23
Cowen & Co.
Top 26%
75
BuyUpgrades$39.00+19.19%2021-08-24
Wells Fargo
Top 5%
96
Strong BuyMaintains$40.00+22.25%2021-08-23
Anonymous
Morgan Stanley
Strong BuyMaintains$47.00+43.64%2021-08-23
Mizuho
Top 21%
80
Strong BuyMaintains$42.00+28.36%2021-08-13
Credit Suisse
Top 3%
98
BuyUpgrades$38.00+16.14%2021-07-19
Citigroup
Top 18%
83
Strong BuyUpgrades$43.00+31.42%2021-06-25
Barclays
Bottom 3%
3
Strong BuyUpgrades$33.00+0.86%2021-06-03
JP Morgan
Top 41%
60
Strong BuyUpgrades$32.00-2.20%2021-05-26

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Forecast return on equity

Is OVV forecast to generate an efficient return?
Company
12.65%
Industry
7.25%
Market
37.5%
OVV's Return on Equity is forecast to be low in 3 years (12.65%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is OVV forecast to generate an efficient return on assets?
Company
3.52%
Industry
3.27%
OVV is forecast to generate higher Return on Assets (3.52%) than the US Oil & Gas E&P industry average (3.27%)
Forecast

OVV earnings per share forecast

What is OVV's earnings per share in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$5.03-323.56%
Avg 2 year Forecast
$6.51-389.33%
Avg 3 year Forecast
$5.12-327.56%

OVV revenue forecast

What is OVV's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$7.7B+12.26%
Avg 2 year Forecast
$9.2B+34.38%
Avg 3 year Forecast
$8.4B+22.18%
OVV's revenue is forecast to grow at a rate of 9.17% per year, which is not exceptional
Forecast

OVV revenue growth forecast

How is OVV forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
9.17%
Industry
18.7%
Market
10.08%
OVV's revenues are forecast to grow slower (9.17% per year) than the US Oil & Gas E&P industry average (18.7%)
Forecast
OVV's revenues are forecast to grow slower (9.17% per year) than the US market average (10.08%)
Forecast

Ovintiv Stock Forecast FAQ

Is Ovintiv Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: OVV) stock is to Strong Buy OVV stock.

Out of 15 analysts, 9 (60%) are recommending OVV as a Strong Buy, 4 (26.67%) are recommending OVV as a Buy, 2 (13.33%) are recommending OVV as a Hold, 0 (0%) are recommending OVV as a Sell, and 0 (0%) are recommending OVV as a Strong Sell.

What is OVV's earnings growth forecast for 2021-2023?

(NYSE: OVV) Ovintiv's forecast annual earnings growth rate of N/A is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 132.27%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Ovintiv's earnings in 2021 is -$582,000,000.On average, 5 Wall Street analysts forecast OVV's earnings for 2021 to be $1,313,254,658, with the lowest OVV earnings forecast at $1,125,273,872, and the highest OVV earnings forecast at $1,592,614,993. On average, 5 Wall Street analysts forecast OVV's earnings for 2022 to be $1,699,659,607, with the lowest OVV earnings forecast at $1,292,367,904, and the highest OVV earnings forecast at $2,255,769,432.

In 2023, OVV is forecast to generate $1,336,752,256 in earnings, with the lowest earnings forecast at $1,140,938,937 and the highest earnings forecast at $1,532,565,575.

What is OVV's revenue growth forecast for 2021-2023?

(NYSE: OVV) Ovintiv's forecast annual revenue growth rate of 9.17% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 18.7%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.08%.

Ovintiv's revenue in 2021 is $6,847,000,000.On average, 3 Wall Street analysts forecast OVV's revenue for 2021 to be $2,006,877,649,648, with the lowest OVV revenue forecast at $1,865,448,216,625, and the highest OVV revenue forecast at $2,141,009,772,991. On average, 3 Wall Street analysts forecast OVV's revenue for 2022 to be $2,402,165,474,039, with the lowest OVV revenue forecast at $2,027,842,728,975, and the highest OVV revenue forecast at $2,599,983,137,920.

In 2023, OVV is forecast to generate $2,184,059,983,830 in revenue, with the lowest revenue forecast at $1,864,926,047,775 and the highest revenue forecast at $2,503,193,919,884.

What is OVV's forecast return on assets (ROA) for 2021-2024?

(NYSE: OVV) forecast ROA is 3.52%, which is higher than the forecast US Oil & Gas E&P industry average of 3.27%.

What is OVV's Price Target?

According to 15 Wall Street analysts that have issued a 1 year OVV price target, the average OVV price target is $35.80, with the highest OVV stock price forecast at $54.00 and the lowest OVV stock price forecast at $23.00.

On average, Wall Street analysts predict that Ovintiv's share price could stay at $35.80 by Oct 6, 2022. The average Ovintiv stock price prediction forecasts a potential downside of N/A from the current OVV share price of $32.72.

What is OVV's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: OVV) Ovintiv's current Earnings Per Share (EPS) is -$2.25. On average, analysts forecast that OVV's EPS will be $5.03 for 2021, with the lowest EPS forecast at $4.31, and the highest EPS forecast at $6.10. On average, analysts forecast that OVV's EPS will be $6.51 for 2022, with the lowest EPS forecast at $4.95, and the highest EPS forecast at $8.64. In 2023, OVV's EPS is forecast to hit $5.12 (min: $4.37, max: $5.87).

What is OVV's forecast return on equity (ROE) for 2021-2024?

(NYSE: OVV) forecast ROE is 12.65%, which is considered weak.
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