Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Across the recent three months, 4 analysts have shared their insights on Ovintiv (NYSE:OVV), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 2 | 0 | 2 | 0 | 0 |
Last 30D | 1 | 0 | 0 | 0 | 0 |
1M Ago | 1 | 0 | 2 | 0 | 0 |
2M Ago | 0 | 0 | 0 | 0 | 0 |
3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $54.75, a high estimate of $58.00, and a low estimate of $49.00. This current average has increased by 7.88% from the previous average price target of $50.75.
The analysis of recent analyst actions sheds light on the perception of Ovintiv by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Nitin Kumar | Mizuho | Lowers | Buy | $58.00 | $59.00 |
Brian Downey | Citigroup | Raises | Buy | $58.00 | $52.00 |
Roger Read | Wells Fargo | Raises | Equal-Weight | $54.00 | $44.00 |
Greg Pardy | RBC Capital | Raises | Sector Perform | $49.00 | $48.00 |
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Ovintiv's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Ovintiv analyst ratings.
Ovintiv is a North American oil and natural gas exploration and production company. It focuses on the exploration and development of oil, NGLs, and natural gas reserves. The company has three segments: USA Operations, Canadian Operations, and Market Optimization.
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: Ovintiv's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.43%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Ovintiv's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 27.04%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ovintiv's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 8.59%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Ovintiv's ROA stands out, surpassing industry averages. With an impressive ROA of 4.29%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Ovintiv's debt-to-equity ratio surpasses industry norms, standing at 0.64. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: OVV