Ovintiv Inc. experienced a price decline of 4.26%, hitting a 20-day low amid broader market weakness, with the Nasdaq-100 down 0.38% and the S&P 500 down 0.55%.
This decline comes despite Ovintiv's recent announcement of a significant 12-year LNG agreement with Pembina for 0.5 million tonnes per annum of liquefied natural gas capacity, expected to enhance its competitive position in the global LNG market. The agreement will allow Ovintiv to access additional export markets and maximize the profitability of its Montney gas resource, aligning with the increasing global demand for clean energy.
The strategic implications of this partnership are substantial, as it not only provides Ovintiv with a low-cost supply of Canadian natural gas but also positions the company for long-term growth in international markets, which is crucial given the rising demand for liquefied natural gas.
Wall Street analysts forecast OVV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OVV is 51.00 USD with a low forecast of 42.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
Wall Street analysts forecast OVV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OVV is 51.00 USD with a low forecast of 42.00 USD and a high forecast of 56.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 42.760
Low
42.00
Averages
51.00
High
56.00
Current: 42.760
Low
42.00
Averages
51.00
High
56.00
Jefferies
Lloyd Byrne
Buy
maintain
$52 -> $54
2026-01-17
Reason
Jefferies
Lloyd Byrne
Price Target
$52 -> $54
AI Analysis
2026-01-17
maintain
Buy
Reason
Jefferies analyst Lloyd Byrne raised the firm's price target on Ovintiv to $54 from $52 and keeps a Buy rating on the shares. The firm expects the company to report inline Q4 results. It sees Ovintiv's "durable" free cash flow and Mid-con asset sale providing catalysts for a share re-rating in 2026.
BofA
Kalei Akamine
Buy
maintain
$53 -> $54
2026-01-16
Reason
BofA
Kalei Akamine
Price Target
$53 -> $54
2026-01-16
maintain
Buy
Reason
BofA analyst Kalei Akamine raised the firm's price target on Ovintiv to $54 from $53 and keeps a Buy rating on the shares. For 2026, the firm remains cautious on the oil backdrop and continues to favor companies with resilient portfolios and low breakevens that fully cover capex and dividends in this environment, the analyst tells investors.
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UBS
Buy
maintain
$54 -> $55
2025-12-12
Reason
UBS
Price Target
$54 -> $55
2025-12-12
maintain
Buy
Reason
UBS raised the firm's price target on Ovintiv to $55 from $54 and keeps a Buy rating on the shares. After three years of limited gains, the Energy sector appears positioned for a stronger 2026, supported by improving oil and natural gas outlooks, M&A-driven value creation, cost and capex efficiencies, emerging OFS opportunities, and attractive valuations, the analyst tells investors in a research note. Natural gas E&Ps are favored, though positive momentum is expected broadly across Oil E&Ps and OFS, UBS adds.
William Blair
Neal Dingmann
Outperform
initiated
$50
2025-11-26
Reason
William Blair
Neal Dingmann
Price Target
$50
2025-11-26
initiated
Outperform
Reason
William Blair analyst Neal Dingmann initiated coverage of Ovintiv with an Outperform rating and fair value estimate of $50, which offers 26% upside. The company's recent NuVista acquisition adds core liquids inventory with potential for incremental synergies, the analyst tells investors in a research note. The firm sees "material" upcoming shareholder returns from the company, including dividends and stock buybacks. It also believes Ovintiv could be sold to a large Canadian operator.
About OVV
Ovintiv Inc. is an oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of assets located in the United States and Canada. Its operations include the marketing of oil, natural gas liquids (NGLs) and natural gas. Its segments include USA operations and Canadian Operations. USA Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada. Its assets include Anadarko Basin, Montney, and Permian Basin. Anadarko is a liquids-rich play located in west-central Oklahoma in Blaine, Canadian, Custer, Dewey, Garvin, Grady, Kingfisher, McClain and Stephens counties. Montney is a condensate and natural gas play located in northwest Alberta and northeast British Columbia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
