
Ovintiv (OVV) Stock Forecast & Price Target
Ovintiv (OVV) Analyst Ratings
Bulls say
Ovintiv is a top pick for investors looking for Montney exposure following recent M&A activity in the basin. With strong operational execution, a simplified portfolio, and a high DAFCF yield, Ovintiv is well-positioned for long-term success in its focus areas of the Montney and Permian. Despite a recent adjustment to its return of capital framework, Ovintiv's allocation strategy to strengthen its balance sheet and maintain flexibility during cyclical high prices is favorable and allows for potential strategic actions in the future.
Bears say
Ovintiv is currently trading at a discount compared to other E&P companies with a 3.0x '26e EV/EBITDA, which we believe is due to its undervalued inventory and lack of market recognition for its portfolio transformation. However, our Buy rating and $70 PT reflects our belief that the company's 2P NAV and long-term pricing at $60/bbl WTI and $3.50/MMbtu HH will support growth over the next 5 years, although it is not immune to risks such as pricing, legislative, OPEC production, M&A, and interest rates.
This aggregate rating is based on analysts' research of Ovintiv and is not a guaranteed prediction by Public.com or investment advice.
Ovintiv (OVV) Analyst Forecast & Price Prediction
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