Ovintiv Inc (OVV) Stock Forecast & Predictions

Ovintiv Inc OVV: $31.17

500 Centre Street SE, Calgary, Alberta, Canada. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: https://www.ovintiv.com/

  • Market Cap$8.14B
  • Change (52 Weeks)267.86%
  • Low (52 Weeks)$6.69
  • Ovintiv Inc (OVV) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Ovintiv Inc (OVV) stock price is $31.17 and the 52 weeks low is $6.69, which means the Ovintiv Inc stock price is up 267.86% in the last 12 months.

    Ovintiv Inc (OVV) Stock Price has been Trending Strongly with an ADX reading of 27.11 as per the Weekly Chart.

    A Upward trend indicates that Ovintiv Inc (OVV) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that OVV Stock price might rise further, 18.75% indicating that OVV Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall OVV stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Ovintiv Inc (OVV) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Ovintiv Inc (OVV) is based on 30 Institutional Analyst Ratings where 53.33% are on Strong Buy, 16.67% on Moderate Buy, 26.67% remains on Hold, 3.33% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 30 Institutional Analysts, majority recommended OVV stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Ovintiv Inc.

    Ovintiv Inc (OVV) Stock Price Prediction By Analysts


    HighLowAverage
    $53.55$12.89$39.13
    $39.1325.53% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for OVV set by the institutional analysts is $39.13 where High Estimate is $53.55, Median $39.78 and Low $12.89.

    The average price target for OVV by Institutional Analysts is $39.13, which is 25.53% Upside from the current price. So according to the Institutional Analysts, OVV Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Ovintiv Inc (OVV) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with OVV stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about OVV and holding their positions hoping for a further rise in the stock price and more profit.

    Ovintiv Inc (OVV) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Seaport GlobalBuyInitiated
    Morgan StanleyOverweightMaintained
    Cowen & Co.OutperformUpgraded
    Wells FargoOverweightMaintained
    Morgan StanleyOverweightMaintained
    MizuhoBuyMaintained
    Wells FargoOverweightInitiated
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformUpgraded
    CitigroupBuyUpgraded
    Morgan StanleyOverweightMaintained
    BarclaysOverweightUpgraded
    JP MorganOverweightUpgraded
    TD SecuritiesBuyUpgraded
    Credit SuisseNeutralMaintained
    Wolfe ResearchOutperformUpgraded
    Goldman SachsBuyUpgraded
    Credit SuisseNeutralMaintained
    Tudor PickeringBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    RBC CapitalSector PerformMaintained
    Truist SecuritiesBuyUpgraded
    CIBCNeutralUpgraded
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesBuyMaintained
    MKM PartnersBuyMaintained
    TD SecuritiesHoldMaintained
    CIBCUnderperformerInitiated
    Truist SecuritiesHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    TD SecuritiesHoldMaintained
    Wolfe ResearchPeer PerformUpgraded
    Morgan StanleyEqual-WeightMaintained
    UBSBuyMaintained
    BMO CapitalOutperformUpgraded
    RBC CapitalSector PerformMaintained
    SunTrust Robinson HumphreyHoldMaintained
    MizuhoNeutralUpgraded
    UBSBuyMaintained
    MKM PartnersBuyMaintained
    SunTrust Robinson HumphreyHoldMaintained
    Credit SuisseNeutralMaintained
    SunTrust Robinson HumphreyHoldUpgraded
    MizuhoUnderperformDowngraded
    UBSBuyMaintained
    RBC CapitalSector PerformDowngraded
    Goldman SachsNeutralDowngraded
    Credit SuisseNeutralDowngraded
    SunTrust Robinson HumphreySellDowngraded
    SunTrust Robinson HumphreyHoldMaintained
    MKM PartnersBuyMaintained
    RBC CapitalOutperformMaintained
    Credit SuisseOutperformMaintained
    Capital OneEqual-WeightInitiated
    Cowen & Co.Market PerformInitiated
    Cowen & Co.Market PerformDowngraded
    Canaccord GenuityHoldDowngraded
    BarclaysEqual-WeightDowngraded
    MacquarieNeutralInitiated
    CitigroupBuyMaintained
    SunTrust Robinson HumphreyHoldInitiated
    Morgan StanleyEqual-WeightMaintained
    BernsteinMarket PerformDowngraded
    BarclaysOverweightInitiated
    Cowen & Co.OutperformUpgraded
    MacquarieOutperformUpgraded
    MizuhoNeutralInitiated
    MacquarieNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightDowngraded
    BMO CapitalMarket PerformDowngraded
    Raymond JamesOutperformDowngraded
    Morgan StanleyOverweightMaintained
    CIBCNeutralInitiated
    Morgan StanleyOverweightMaintained
    Tudor PickeringHoldDowngraded
    Morgan StanleyOverweightMaintained
    UBSBuyInitiated
    Evercore ISI GroupOutperformUpgraded
    Societe GeneraleBuyUpgraded
    Morgan StanleyEqual-WeightDowngraded
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysOverweightMaintained
    MacquarieOutperformUpgraded
    BernsteinOutperformUpgraded
    CitigroupBuyMaintained
    UBSBuyUpgraded
    JP MorganOverweightInitiated
    MacquarieOutperformUpgraded
    Societe GeneraleHoldUpgraded
    KLR GroupAccumulateDowngraded
    KLR GroupBuyUpgraded
    RBC CapitalOutperformUpgraded
    BarclaysOverweightUpgraded
    BuyMaintained
    UBSNeutralMaintained
    MacquarieNeutralUpgraded
    JefferiesBuyMaintained
    GMP SecuritiesBuyUpgraded
    Deutsche BankBuyMaintained
    CitigroupBuyUpgraded
    ScotiabankUnderperformDowngraded
    NomuraBuyMaintained
    KLR GroupHoldInitiated
    FirstEnergy CapitalMarket PerformUpgraded
    BarclaysEqual-WeightMaintained
    MacquarieUnderperformDowngraded
    Deutsche BankBuyMaintained
    Evercore ISI GroupHoldDowngraded
    BMO CapitalOutperformUpgraded
    CitigroupNeutralMaintained
    CIBCUnderperformDowngraded
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    UBSNeutralDowngraded
    NomuraBuyMaintained
    Deutsche BankBuyMaintained
    BarclaysEqual-WeightMaintained
    BMO CapitalMarket PerformDowngraded
    JefferiesBuyUpgraded
    Deutsche BankBuyMaintained
    Evercore ISI GroupBuyUpgraded
    Deutsche BankBuyInitiated
    CitigroupNeutralMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    BMO CapitalOutperformUpgraded
    RBC CapitalSector PerformDowngraded
    UBSBuyInitiated
    JefferiesHoldMaintained
    NomuraBuyInitiated
    Morgan StanleyOverweightUpgraded
    Bank of AmericaBuyUpgraded
    Deutsche BankHoldMaintained
    Imperial CapitalIn-LineInitiated
    DesjardinsBuyUpgraded
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightInitiated
    BarclaysEqual-WeightMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralMaintained
    Societe GeneraleBuyUpgraded
    CIBCSector PerformMaintained
    CIBCSector PerformMaintained
    CitigroupHoldMaintained
    Deutsche BankHoldMaintained
    DesjardinsBuyDowngraded
    Credit SuisseNeutralMaintained
    Deutsche BankHoldMaintained
    BarclaysEqual-WeightMaintained
    Cormark SecuritiesBuyUpgraded
    National Bank FinancialSector PerformDowngraded
    National Bank FinancialOutperformUpgraded
    Deutsche BankHoldUpgraded
    Bank of AmericaNeutralUpgraded
    ISI GroupBuyUpgraded
    Cormark SecuritiesMarket PerformDowngraded
    Societe GeneraleHoldDowngraded
    RBC CapitalOutperformUpgraded
    Deutsche BankSellMaintained
    FirstEnergy CapitalOutperformUpgraded
    Global Hunter SecuritiesAccumulateInitiated
    TD SecuritiesBuyUpgraded
    ISI GroupCautiousInitiated
    BMO CapitalOutperformMaintained
    Credit SuisseNeutralMaintained
    UBSNeutralDowngraded
    Cormark SecuritiesMarket PerformDowngraded
    AltaCorp CapitalSector PerformInitiated
    UBSBuyUpgraded
    Societe GeneraleBuyUpgraded
    Deutsche BankSellMaintained
    Tudor PickeringHoldInitiated
    Cormark SecuritiesBuyUpgraded
    Bank of AmericaUnderperformMaintained
    BMO CapitalOutperformUpgraded
    National Bank FinancialSector PerformInitiated
    BarclaysEqual-WeightMaintained
    Deutsche BankSellDowngraded
    Credit SuisseNeutralMaintained
    Societe GeneraleSellDowngraded
    FirstEnergy CapitalMarket PerformUpgraded
    BarclaysEqual-WeightMaintained
    Deutsche BankHoldMaintained
    ISI GroupHoldDowngraded

    Ovintiv Inc (OVV) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.524
    The average consensus EPS for OVV is $1.524 with a high estimate of $2.761 and Low of $1.000 for the period 2021-12-31 and based on 16 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.11$1.15482392021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$1.548332021-09-30
    $1.11$1.15482392021-06-30
    $1.1$0.99834462021-03-31
    $0.7$0.55276290000000012020-12-31
    $-0.03$-0.20960532020-09-30
    $-0.43$-0.465317100000000042020-06-30
    $0.1$0.165642020-03-31
    $0.81$0.75642942019-12-31
    $0.75$0.7072019-09-30
    $1.05$0.92500852019-06-30
    $0.7$0.388850000000000032019-03-31
    $1.6$0.85375300000000012018-12-31
    $0.85$0.66362050000000012018-09-30
    $1.05$0.6048892018-06-30
    $0.8$0.6656912018-03-31
    $0.6$0.520152017-12-31
    $0.1$0.31365552017-09-30
    $0.9$0.169175000000000022017-06-30
    $0.55$0.12983552017-03-31
    $0.45$0.1316032016-12-31
    $0.2$-0.2183622016-09-30
    $0.5$-0.429249999999999962016-06-30
    $-0.75$-0.6281192016-03-31
    $0.65$0.0577720000000000042015-12-31
    $-0.15$-0.184476500000000022015-09-30
    $-1$-0.67139752015-06-30
    $0.05$-0.4759122015-03-31
    $0.25$1.06469152014-12-31
    $1.9$2.0273732014-09-30
    $1.15$1.25242014-06-30
    $3.5$2.744172014-03-31
    $1.55$0.98833552013-12-31
    $1$0.79451652013-09-30
    $1.7$0.85996452013-06-30
    $1.2$0.38677952013-03-31
    $2$1.72068650000000022012-12-31
    $1.8$1.32006999999999992012-09-30
    $1.35$0.95530852012-06-30
    $1.65$0.2251292012-03-31
    $0.3$0.4668222011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).