Ovintiv OVV has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives 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 | 3 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 0 | 3 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $57.56, a high estimate of $62.00, and a low estimate of $51.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.07%.
Diving into Analyst Ratings: An In-Depth Exploration
An in-depth analysis of recent analyst actions unveils how financial experts perceive Ovintiv. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Arun Jayaram | JP Morgan | Lowers | Overweight | $51.00 | $60.00 |
| Josh Silverstein | UBS | Lowers | Buy | $61.00 | $66.00 |
| Greg Pardy | RBC Capital | Lowers | Sector Perform | $61.00 | $62.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $62.00 | $60.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $51.00 | $52.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $60.00 | $68.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $52.00 | $54.00 |
| Jason Bouvier | Scotiabank | Raises | Sector Outperform | $60.00 | $58.00 |
| Stephen Richardson | Evercore ISI Group | Maintains | Outperform | $60.00 | $60.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Ovintiv. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Ovintiv compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Ovintiv's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Ovintiv's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Ovintiv analyst ratings.
About Ovintiv
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.
Key Indicators: Ovintiv's Financial Health
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Ovintiv's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -9.1%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.86%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Ovintiv's ROE stands out, surpassing industry averages. With an impressive ROE of 3.3%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Ovintiv's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.72% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Ovintiv's debt-to-equity ratio stands notably higher than the industry average, reaching 0.68. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
