Barclays analyst Betty Jiang maintains $Ovintiv (OVV.US)$ with a buy rating, and maintains the target price at $53.
According to TipRanks data, the analyst has a success rate of 40.8% and a total average return of -1.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ovintiv (OVV.US)$'s main analysts recently are as follows:
Ovintiv is anticipated to surpass operational expectations in Q3 owing to a strong performance in the field. Nevertheless, a discrepancy in cash flow and EBITDAX for the quarter is projected when considering the current strip pricing estimates.
Adjustments in the integrated oil and exploration and production group estimates have been made to mirror a reduction in oil price forecasts, indicating a decrease of $10 per barrel in 2025 and $5 in 2026. Despite the recent sector pullback, the risk/reward balance is leaning towards the upside, as the fundamentals and operational momentum of companies are perceived to remain robust.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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