Siebert Williams Shank & Co Reaffirms Their Buy Rating on Ovintiv (OVV)
Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Ovintiv on March 20 and set a price target of $67.00. The company’s shares closed last Friday at $56.97.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 14.7% and a 65.08% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.
Currently, the analyst consensus on Ovintiv is a Strong Buy with an average price target of $58.29, implying a 2.32% upside from current levels. In a report released today, TipRanks – DeepSeek also upgraded the stock to a Buy with a $65.00 price target.
Based on Ovintiv’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.07 billion and a net profit of $946 million. In comparison, last year the company earned a revenue of $2.19 billion and had a GAAP net loss of $60 million
Based on the recent corporate insider activity of 28 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. Earlier this month, 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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