Wells Fargo has adjusted its price target for Ovintiv (OVV, Financial), increasing it slightly from $45 to $46, while maintaining an Equal Weight rating on the company's stock. This change reflects the firm's expectation for robust operational performance and consistent first-quarter production that might present a slight financial upside.
Investors are paying close attention to several crucial areas, including Ovintiv's strategies to navigate potential downturns, the effects of tariffs, production trends, and the company's cash return strategies. These factors are pivotal as shareholders assess the firm's prospects going forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Ovintiv Inc (OVV, Financial) is $55.22 with a high estimate of $79.00 and a low estimate of $43.00. The average target implies an upside of 69.12% from the current price of $32.65. More detailed estimate data can be found on the Ovintiv Inc (OVV) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Ovintiv Inc's (OVV, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ovintiv Inc (OVV, Financial) in one year is $37.01, suggesting a upside of 13.35% from the current price of $32.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ovintiv Inc (OVV) Summary page.
