Truist Financial analyst Neal Dingmann maintains $Ovintiv (OVV.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 51.5% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ovintiv (OVV.US)$'s main analysts recently are as follows:
Estimates for the exploration and production sector have been adjusted to align with the updated commodity price forecasts and investment perspective. Long-term expectations for oil and gas prices continue to be anticipated at $80 for Brent and $3.50 for Henry Hub. Should operational efficiency improvements continue and service costs decrease further, exploration and production companies might maintain enhanced capital efficiency into 2025. This efficiency could help counterbalance the effects of resource maturity.
Amid a globally coordinated easing cycle, energy commodities and the equities might not participate due to challenging fundamentals and a potential imbalance projected for 2025. However, it is suggested not to counteract the central bank or political actions, as the risks in the crude oil market are viewed as more likely to increase. As the quarter concludes, updates are anticipated that could reveal declines for near-term estimates.
Note:
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