Wells Fargo Keeps Their Hold Rating on Ovintiv (OVV)
Wells Fargo analyst Hanwen Chang maintained a Hold rating on Ovintiv on May 21 and set a price target of $57.00. The company’s shares closed last Friday at $58.87.
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According to TipRanks, Chang is a 4-star analyst with an average return of 12.7% and a 63.87% success rate. Chang covers the Energy sector, focusing on stocks such as EOG Resources, Devon Energy, and Ovintiv.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ovintiv with a $67.86 average price target.
Based on Ovintiv’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.53 billion and a GAAP net loss of $630 million. In comparison, last year the company earned a revenue of $2.38 billion and had a GAAP net loss of $159 million
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OVV in relation to earlier this year. Most recently, in March 2026, Meghan Nicole Eilers, the EVP, M&M & GC of OVV sold 11,582.00 shares for a total of $634,461.96.
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