OVV Stock Price Prediction

Ovintiv Inc

OVV

Ovintiv Inc

40.530

+1.820(+4.700%)

OVV Price Prediction Next Week

Analysis and Insights

Technical Analysis:

Ovintiv Inc. (OVV) is currently trading at $38.52, with a 52-week range of $36.905 to $55.95. The stock's Relative Strength Index (RSI) is at 28.5, indicating potential exhaustion of selling pressure and a possible oversold condition compared to the average RSI of energy stocks at 38.4. The Fibonacci levels suggest a potential pivot point at $40.50, with resistance at $43.37 and support at $35.87.

News Sentiment and Market Impact:

Recent market reactions to tariffs have led to a broader selloff, with OVV dropping 8.65%. However, the company's strong financial performance, including strategic acquisitions and improved capital efficiency, suggests resilience. Analysts have also shown optimism, with recent upgrades in price targets.

Price Prediction and Recommendation:

Given the oversold RSI and potential for a relief rally, OVV is expected to rebound in the next trading week. The stock is likely to reach $43.00. Considering the technical indicators and news sentiment, it is recommended to buy OVV as the stock approaches its support levels and shows signs of a potential upswing.

Analysis and Insights

Technical Analysis:

News Sentiment and Market Impact:

Price Prediction and Recommendation:

OVV Similar Chart Price Prediction

The price of OVV is predicted to go up 6.43%, based on the high correlation periods with WOOF. The similarity of these two price pattern on the periods is 95.86%.

OVV

Future prediction

Up: 6.43%

WOOF

Up: 6.43%Similarity: 95.86%

OVV Revenue Forecast

OVV EPS Forecast

OVV FAQs

What is OVV revenue forecast for next quarter？

The market consensus for OVV's revenue in the upcoming quarter is projected to be approximately $2.164B USD.

What is OVV eps forecast for next quarter？

OVV VS S&P500

Ovintiv Inc

SPDR S&P 500

Ask Intellectia about OVV

OVV Analyst's Forecast

Arun Jayaram

JP Morgan

Buy

2025-03-13

Price Target

$56 → $45

Upside

+16.25%

JPMorgan lowered the firm's price target on Ovintiv to $45 from $56 and keeps an Overweight rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.