Ratings for Ovintiv OVV were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 4 | 4 | 0 | 0 |
| Last 30D | 1 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 2 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $55.92, a high estimate of $62.00, and a low estimate of $47.00. Experiencing a 6.32% decline, the current average is now lower than the previous average price target of $59.69.
Decoding Analyst Ratings: A Detailed Look
The perception of Ovintiv by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Stephen Richardson | Evercore ISI Group | Lowers | Outperform | $54.00 | $60.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $47.00 | $62.00 |
| Josh Silverstein | UBS | Lowers | Buy | $57.00 | $61.00 |
| Devin McDermott | Morgan Stanley | Lowers | Equal-Weight | $51.00 | $53.00 |
| 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: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Ovintiv compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Ovintiv's stock. This comparison reveals trends in analysts' expectations over time.
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.
A Deep Dive into Ovintiv's Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Ovintiv faced challenges, resulting in a decline of approximately -9.1% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Ovintiv's net margin excels beyond industry benchmarks, reaching 14.86%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Ovintiv's ROE excels beyond industry benchmarks, reaching 3.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Ovintiv's ROA excels beyond industry benchmarks, reaching 1.72%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 0.68, Ovintiv faces challenges in effectively managing its debt levels, indicating potential financial strain.
How Are Analyst Ratings Determined?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically 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.
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