
Ovintiv (OVV) Stock Forecast & Price Target
Ovintiv (OVV) Analyst Ratings
Bulls say
Ovintiv is a North American oil and gas exploration and production company with a strong focus on its high-quality assets in the United States and Canada. The recent acquisition of NuVista Energy and divestiture of its Anadarko assets have solidified its pivot towards the Permian Basin and Montney, providing a deep inventory and expected production growth of 620-645 MBOE/d in 2026. Despite recent concerns about the company's return of capital framework and 2Q guide, Ovintiv's strong operational execution, attractive valuation, and potential TSX inclusion make it a top pick for investors looking for Montney exposure. With a projected 15% DAFCF yield and comparable EV/EBITDA multiple to its peers, the company's current valuation indicates potential for further upside, with risks including infrastructure development and weaker performance of acquired assets.
Bears say
Ovintiv is currently facing challenges from high debt levels and a focus on buybacks at cyclical high oil prices. Although management aims to use additional cash to pay down debt instead, there is concern that the company may not be able to generate enough cash flow to support such plans, which could lead to further financial strain and a negative outlook for the stock.
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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