At the time of this post OVV was trading at $53.42.
Two energy sector analysts have recently updated their price target to agree with my $69.00 valuation.
> On April 12 Lloyd Byrne at Jefferies (rated 5-Stars by TipRanks) rates it a BUY with a $69.00 price target.
> On April 11 Josh Silverstein at UBS (rated 4.5-Stars by TipRanks) rates it a BUY with a $69.00 price target
TipRanks' consensus price target of $59.65 is based on 17 analysts'' price targets submitted since 1/19/2024.
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I am checking all of my Sweet 16 forecasts and price targets against the TipRanks' averages and most of their forecasts have moved close to my forecasts. The lower forecasts are based on much lower oil prices than we have today.
Ovintiv (OVV) Price Target Updates - Apr 15
Ovintiv (OVV) Price Target Updates - Apr 15
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group