In a report released today, Betty Jiang from Barclays maintained a Buy rating on Ovintiv, with a price target of $55.00. The company’s shares closed yesterday at $40.07.
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Jiang covers the Energy sector, focusing on stocks such as EOG Resources, Chevron, and Conocophillips. According to TipRanks, Jiang has an average return of -2.5% and a 41.30% success rate on recommended stocks.
Currently, the analyst consensus on Ovintiv is a Strong Buy with an average price target of $52.56, implying a 31.17% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $43.00 price target.
OVV market cap is currently $10.3B and has a P/E ratio of 17.75.
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