Merrill Lynch analyst Merrill Lynch maintained a Buy rating on Ovintiv (NYSE:OVV) on Wednesday, setting a price target of $16.5, which is approximately 20.17% above the present share price of $13.73.
expects Ovintiv to post earnings per share (EPS) of -$5.85 for the fourth quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Hold rating of shares in Ovintiv, with an average price target of $12.44.
The analysts price targets range from a high of $17 to a low of $9.23.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.19 billion and a net profit of -$170 million. The company's market cap is $3.17 billion.
According to TipRanks.com, Merrill Lynch analyst Merrill Lynch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.5% and a 59.83% success rate.
Ovintiv, Inc. produces and develops multi-basin portfolio of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment's activities are managed by the Midstream, Marketing & Fundamentals team, which is primarily responsible for the sale of the Company's proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.