Shares of Ovintiv (OVV) have gained 17.2% over the past four weeks to close the last trading session at $45.41, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $58.29 indicates a potential upside of 28.4%.The mean estimate comprises 21 short-term price targets with a standard deviation of $7.22. While the lowest estimate of $42 indicates a 7.5% decline from the current price lev ...

DENVER, Jan. 16, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2024 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Thursday February 27, 2025. The Company plans to release its financial and operating results after market close, Wednesday February 26, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at www.ovintiv.com. To join the conference call without opera ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Ovintiv (OVV) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Ovintiv is a member of our Oils-Energy group, which includes 250 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector ...

Ovintiv (OVV) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this energy company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnin ...

Shares of Ovintiv (OVV) have gained 1.4% over the past four weeks to close the last trading session at $41.79, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $58.30 indicates a potential upside of 39.5%.The average comprises 20 short-term price targets ranging from a low of $42 to a high of $70, with a standard deviation of $6.91. While the lowest estimate indicates an increase ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...

A downtrend has been apparent in Ovintiv (OVV) lately. While the stock has lost 5.7% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of t ...

Shares of Ovintiv (OVV) have gained 10.7% over the past four weeks to close the last trading session at $44.24, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $58.80 indicates a potential upside of 32.9%.The mean estimate comprises 20 short-term price targets with a standard deviation of $5.92. While the lowest estimate of $48 indicates an 8.5% increase from the current price l ...

Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks, focusing on companies believed to be undervalued based on fundamental analysis [2] Company Overview: Ovintiv (OVV) - Ovintiv holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential as a value stock [4] - The stock has a P/E ratio of 9.17, significantly lower than the industry average P/E of 13.32, suggesting it may be undervalued [4] - Over the past 52 weeks, OVV's Forward P/E has fluctuated between 4.81 and 9.97, with a median of 7.32 [4] Valuation Metrics - Ovintiv's P/B ratio is 1.11, which is favorable compared to the industry's average P/B of 1.99, indicating solid valuation [5] - The P/B ratio has ranged from 0.94 to 1.45 over the past year, with a median of 1.18 [5] - The P/CF ratio for Ovintiv is 2.76, which is significantly lower than the industry's average P/CF of 5.61, further supporting its undervaluation [6] - The P/CF ratio has varied between 2.33 and 3.82 in the last 12 months, with a median of 2.98 [6] Investment Outlook - The combination of favorable valuation metrics and a strong earnings outlook positions Ovintiv as an impressive value stock currently [7]

Ovintiv Inc. (OVV) reported third-quarter 2024 adjusted earnings per share of $1.85, which beat the Zacks Consensus Estimate of $1.09. The beat can be attributed to better-than-expected total production, which exceeded the consensus mark by 3% and a 17.4% year-over-year reduction in expenses. Additionally, the bottom line increased from the year-ago level of $1.74.The Denver, CO-based oil and gas exploration and production company’s total revenues of $2.3 billion decreased 12.3% from the year-ago quarter’s ...