Where Ovintiv Stands With Analysts
Portfolio Pulse from Benzinga Insights
Over the last three months, 9 Wall Street analysts have provided ratings for Ovintiv (NYSE:OVV), with an average price target of $54.89, which is significantly higher than the current price of $43.00. The consensus among these analysts is leaning towards a bullish outlook for Ovintiv, with 4 bullish, 1 somewhat bullish, and 4 indifferent ratings. There have been no bearish or somewhat bearish ratings. The average price target has seen a slight increase of 0.83% over the past month.
December 14, 2023 | 7:00 pm
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POSITIVE IMPACT
Analysts have a bullish outlook on Ovintiv with a higher average price target than the current stock price, indicating potential upside.
The bullish sentiment among analysts, combined with a price target that is significantly higher than the current stock price, suggests that investors may expect the stock to rise in the short term. The unanimous bullish and indifferent ratings, with no bearish sentiments, reinforce the positive outlook. However, as analyst ratings are subject to human error and are not guarantees of performance, the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100