▼ -48.04% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for Ovintiv Inc. (OVV.TO) in the last 3 months. The average price target is C$8.63, with a high forecast of C$12.00 and a low forecast of C$3.00. The average price target represents a -48.04% upside from the last price of C$16.60.
The current consensus among 6 contributing investment analysts is to hold stock in Ovintiv Inc. (OVV.TO).
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Eagle Ford in south Texas, Bakken in North Dakota, and Uinta in central Utah; and Duvernay in west central Alberta, Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke in offshore Nova Scotia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. is based in Denver, Colorado.