12 analysts have shared their evaluations of Ovintiv OVV during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 1 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 5 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $58.83, with a high estimate of $69.00 and a low estimate of $49.00. This upward trend is evident, with the current average reflecting a 10.81% increase from the previous average price target of $53.09.
Decoding Analyst Ratings: A Detailed Look
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 |
|---|---|---|---|---|---|
| Nitin Kumar | Mizuho | Raises | Buy | $64.00 | $58.00 |
| Devin McDermott | Morgan Stanley | Raises | Equal-Weight | $53.00 | $49.00 |
| Lloyd Byrne | Jefferies | Raises | Buy | $69.00 | $59.00 |
| Josh Silverstein | UBS | Raises | Buy | $69.00 | $62.00 |
| Betty Jiang | Barclays | Announces | Overweight | $69.00 | - |
| Nitin Kumar | Mizuho | Maintains | Buy | $58.00 | $58.00 |
| Devin McDermott | Morgan Stanley | Raises | Equal-Weight | $49.00 | $48.00 |
| Neil Mehta | Goldman Sachs | Raises | Neutral | $56.00 | $47.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ovintiv. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ovintiv compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Ovintiv's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Ovintiv's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Ovintiv analyst ratings.
All You Need to Know 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 Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Ovintiv's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -7.8% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Ovintiv's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.37%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.28%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Ovintiv's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.7%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.69, caution is advised due to increased financial risk.
The Core of Analyst Ratings: What Every Investor Should Know
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 will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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.
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