OVV

Ovintiv Inc

Add to Watchlist

Advanced Chart

39.540

-0.58(-1.446%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

41.240

Open

40.570

VWAP

39.83

Vol

3.14M

Mkt Cap

10.16B

Low

39.355

Amount

125.00M

EV/EBITDA(TTM)

3.67

Total Shares

266.98M

15.63B

EV/OCF(TTM)

3.98

P/S(TTM)

1.16

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

2.06B

-11.44%

1.174

-36.63%

2.16B

-1.37%

1.512

+12%

2.20B

-7.3%

1.583

+11.39%

Estimates Revision

The market is revising No Change the revenue expectations for Ovintiv Inc. (OVV) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 14.11%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+14.11%

In Past 3 Month

16 Analyst Rating

29.31% Upside

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 51.13 USD with a low forecast of 42.00 USD and a high forecast of 58.00 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.

14 Buy

2 Hold

0 Sell

Strong Buy

29.31% Upside

Current: 39.540

Low

42.00

Averages

51.13

High

58.00

29.31% Upside

Current: 39.540

Low

42.00

Averages

51.13

High

58.00

Barclays

NULL

Overweight

maintain

$55 -> $57

2025-07-25

Reason

Barclays

Price Target

$55 -> $57

2025-07-25

maintain

NULL

Overweight

Reason

Barclays raised the firm's price target on Ovintiv to $57 from $55 and keeps an Overweight rating on the shares following the Q2 report. The company reported strong execution all around, the analyst tells investors in a research note.

Scotiabank

Outperform

maintain

$48 -> $51

2025-07-11

Reason

Scotiabank

Price Target

$48 -> $51

2025-07-11

maintain

Outperform

Reason

Scotiabank raised the firm's price target on Ovintiv to $51 from $48 and keeps an Outperform rating on the shares. The firm is updating its price targets on E&P stocks in its coverage, noting it expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026, the analyst tells investors.

Barclays

Betty Jiang

Overweight

maintain

$53 -> $55

2025-07-07

Reason

Barclays

Betty Jiang

Price Target

$53 -> $55

2025-07-07

maintain

Overweight

Reason

Barclays analyst Betty Jiang raised the firm's price target on Ovintiv to $55 from $53 and keeps an Overweight rating on the shares. The firm remains constructive on names levered to gas. It sees reasons for long-term price support with over 20 Bcfd of incremental demand expected by 2030. Barclays increased 2026 and 2027 gas price estimates to $4.50 and $4.25, respectively, and prefers EQT (EQT), Expand Energy (EXE), and Coterra Energy (CTRA) for gas exposure.

Goldman Sachs

Neutral -> Buy

upgrade

$47 -> $51

2025-06-30

Reason

Goldman Sachs

Price Target

$47 -> $51

2025-06-30

upgrade

Neutral -> Buy

Reason

Goldman Sachs upgraded Ovintiv to Buy from Neutral with a price target of $51, up from $47, citing expectations for outsized free cash flow generation. Following the company's divestiture of the higher-cost Uinta assets and the acquisition of deeper, more capital efficient Montney inventory, the firm believes that the company's free cash flow generation "trades at a meaningful discount relative to larger cap diversified E&P peers," the analyst tells investors.

BofA

Kalei Akamine

Buy

maintain

$43 -> $46

2025-05-23

Reason

BofA

Kalei Akamine

Price Target

$43 -> $46

2025-05-23

maintain

Buy

Reason

BofA analyst Kalei Akamine raised the firm's price target on Ovintiv to $46 from $43 and keeps a Buy rating on the shares. The firm is updating its price targets on U.S. Oil and Gas stocks under its coverage following Q1 results, the analyst tells investors. BofA sees a bull case for oil starting with summer demand, but notes it is "tenuous at best" due to geopolitics. Additionally, the firm continues to see a cleaner set-up in dry natural gas but notes the upside in this sub-sector has compressed.

Mizuho

Outperform

maintain

$60 -> $58

2025-05-13

Reason

Mizuho

Price Target

$60 -> $58

2025-05-13

maintain

Outperform

Reason

Mizuho lowered the firm's price target on Ovintiv to $58 from $60 and keeps an Outperform rating on the shares. The firm updated integrated oil models post Q1 earnings with three upgrades and one downgrade. Mizuho sees potential weakness for global oil prices but expects gas and refining fundamentals to improve over the next 12 months. The firm are lowering its oil price outlook by 10%-11%, saying accelerating oversupply will likely overshadow any stabilization of demand. It raised its U.S. natural gas price forecast over the same period by 15%. saying structural undersupply continues. The analyst also sees improved U.S. refining fundamentals as the inventory outlook remains tight and oil prices weaken potentially lifting refining margins. Mizuho adding ConocoPhillips (COP) to its "Top Picks" alongside Coterra (CTRA) and Chord Energy (CHRD) and removed Chevron (CVX). The firm upgraded Antero Resources (AR), HF Sinclair (DINO) and Delek US (DK) to Outperform, while downgrading Murphy Oil (MUR) to Neutral.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Ovintiv Inc (OVV.N) is 7.05, compared to its 5-year average forward P/E of -61.87. For a more detailed relative valuation and DCF analysis to assess Ovintiv Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-61.87

Current PE

7.05

Overvalued PE

324.53

Undervalued PE

-448.27

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

3.92

Current EV/EBITDA

3.91

Overvalued EV/EBITDA

4.38

Undervalued EV/EBITDA

3.45

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.06

Current PS

1.19

Overvalued PS

1.33

Undervalued PS

0.79