Wells Fargo analyst Roger Read maintains $Ovintiv (OVV.US)$ with a hold rating, and maintains the target price at $48.
According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 8.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ovintiv (OVV.US)$'s main analysts recently are as follows:
The firm estimates that the company is concluding its involvement in Uinta at a multiple of 5.5 times the 2025 EBITDX, and engaging in Montney at 4.5 times, with a slightly positive effect on the balance sheet. This transition is assessed to enhance the company's long-term free cash flow, upgrade the quality of Montney inventory, and prolong the development timeline, making it a favorable outcome on multiple fronts.
Doubling down on flagship Montney assets while streamlining the portfolio with minimal net investment is viewed positively. This strategy also helps eliminate M&A overhang on the company's shares.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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富国集团分析师Roger Read维持$Ovintiv (OVV.US)$持有评级，维持目标价48美元。
根据TipRanks数据显示，该分析师近一年总胜率为56.8%，总平均回报率为8.5%。
此外，综合报道，$Ovintiv (OVV.US)$近期主要分析师观点如下：
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TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。
分析师总胜率为近一年分析师的评级成功次数占总评级次数的比率。评级的成功与否，取决于TipRanks的虚拟投资组合是否从该股票中产生正回报。
总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。
