Ratings for Ovintiv OVV were provided by 11 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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 | 6 | 4 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 3 | 2 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Ovintiv, presenting an average target of $55.73, a high estimate of $60.00, and a low estimate of $42.00. The current average, unchanged from the previous average price target, holds steady.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Ovintiv among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Betty Jiang | Barclays | Raises | Overweight | $59.00 | $57.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $60.00 | $59.00 |
| Noah Hungness | B of A Securities | Lowers | Buy | $54.00 | $55.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $42.00 | $48.00 |
| Nitin Kumar | Mizuho | Lowers | Outperform | $60.00 | $63.00 |
| Josh Silverstein | UBS | Lowers | Buy | $56.00 | $59.00 |
| Scott Gruber | Citigroup | Lowers | Buy | $54.00 | $55.00 |
| Josh Silverstein | UBS | Raises | Buy | $59.00 | $57.00 |
| Jason Bouvier | Scotiabank | Raises | Sector Outperform | $53.00 | $50.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $59.00 | $57.00 |
| Betty Jiang | Barclays | Raises | Overweight | $57.00 | $53.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Ovintiv. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Ovintiv compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Ovintiv's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into Ovintiv's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Ovintiv analyst ratings.
Discovering Ovintiv: A Closer Look
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.
Ovintiv: Delving into Financials
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Ovintiv faced challenges, resulting in a decline of approximately -12.27% in revenue growth as of 30 September, 2024. This signifies a reduction 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: Ovintiv's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 21.82% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Ovintiv's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.83% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Ovintiv's ROA stands out, surpassing industry averages. With an impressive ROA of 2.56%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Ovintiv's debt-to-equity ratio is below the industry average at 0.64, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Core of Analyst Ratings: What Every Investor Should Know
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.
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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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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