Ovintiv Future Growth
Future criteria checks 3/6
Ovintiv's revenue is forecast to decline at 2.2% per annum while its annual earnings are expected to grow at 20.2% per year. EPS is expected to grow by 20.7% per annum. Return on equity is forecast to be 16.2% in 3 years.
Key information
20.2%
Earnings growth rate
20.66%
EPS growth rate
| Oil and Gas earnings growth | 3.7% |
| Revenue growth rate | -2.2% |
| Future return on equity | 16.21% |
| Analyst coverage | Good |
| Last updated | 11 Sep 2026 |
Recent future growth updates
Recent updates
Narrative Update • Sep 03
OVV: Inventory Additions And Weaker Margins Will Likely Limit Future Returns
Analysts have lifted their price target for Ovintiv from $58.41 to $60.44. This reflects updated assumptions around fair value, a slightly weaker revenue outlook, lower profit margin expectations, and a higher future P/E multiple.Narrative Update • Aug 20
OVV: Weaker Revenue And Margins Will Restrain Returns Despite Buybacks
Analysts have nudged their price target for Ovintiv higher, lifting fair value from about $57.03 to $58.41. They have adjusted their models for a slightly higher discount rate, softer projected revenue growth, a marginally lower profit margin outlook, and a modestly higher future P/E assumption.
Narrative Update • Aug 06
OVV: Streamlined Portfolio And Higher Returns Will Support Bullish Re Rating
Analysts have slightly raised their price target on Ovintiv to $72.86 from $70.95, based on updated assumptions for revenue growth, profit margins and future P/E levels. What’s in the News for Ovintiv RBC Capital commented that Ovintiv has a streamlined portfolio and execution that, in its view, supports potential valuation expansion and improved shareholder returns.Analysis Article • Jul 31
Ovintiv's (NYSE:OVV) Solid Earnings Are Supported By Other Strong Factors
Even though Ovintiv Inc.'s ( NYSE:OVV ) recent earnings release was robust, the market didn't seem to notice. Investors...Analysis Article • Jul 28
Earnings Miss: Ovintiv Inc. Missed EPS By 23% And Analysts Are Revising Their Forecasts
Investors in Ovintiv Inc. ( NYSE:OVV ) had a good week, as its shares rose 4.0% to close at US$60.08 following the...Seeking Alpha • Jul 28
Ovintiv: Better Estimates And A Stronger Balance Sheet Support A Buy
Summary Ovintiv is rated a Buy at $61.83, with a base case price target of $68.38, reflecting improved balance sheet strength and stabilized forward earnings. Leverage has dropped sharply to 0.6x, driven by asset sales, resulting in a Fitch upgrade to BBB. 2027 and 2026 EPS estimates are now flat at $7.22, removing the prior expectation of earnings decline. OVV offers a robust shareholder return profile, targeting over 60% of free cash flow via buybacks and dividends. Read the full article on Seeking AlphaNarrative Update • Jul 23
OVV: Earnings Rebound And Margin Efficiency Will Shape Balanced Return Prospects
Ovintiv's analyst price target has been trimmed by about $1.59, with analysts citing updated assumptions around fair value at $57.03, a slightly lower future P/E of 15.49, and modest tweaks to revenue growth and profit margin expectations. What's in the News for Ovintiv Ovintiv is scheduled to report Q2 2026 results on July 24, with an earnings per share estimate of $1.99, according to Alphastreet.Narrative Update • Jul 09
OVV: Tighter Oil Markets And Higher P/E Will Shape Balanced Return Prospects
Analysts have lifted their fair value estimate for Ovintiv from about $42.76 to roughly $58.62, citing updated assumptions around discount rates, revenue trends, margins, and a higher future P/E multiple. What’s in the News for Ovintiv Wells Fargo upgraded Ovintiv to Overweight from Equal Weight and raised its price target from US$57 to US$80, citing factors such as portfolio changes, capital efficiency, and cash flow prospects, as reported in recent analyst coverage.
Narrative Update • Jun 25
OVV: NuVista Acquisition And Share Buybacks Will Support Higher Earnings Multiple
Analysts have kept their $82.00 price target for Ovintiv unchanged, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth and profit margin estimates, and a marginally lower future P/E multiple. What’s in the News for Ovintiv Ovintiv reported first quarter 2026 adjusted earnings per share of $2, with management attributing the result to production volumes of condensate, natural gas liquids and natural gas, and to higher realized natural gas prices, according to recent earnings coverage.Narrative Update • Jun 10
OVV: Tighter Oil Market And Montney Depth Will Support Bullish Re Rating
Analysts have nudged their fair value estimate for Ovintiv up from about $68.74 to roughly $70.95, reflecting updated assumptions around discount rates, expected revenue growth, profit margins, and the future P/E multiple. What's in the News Barclays raised its price target for Ovintiv from $68 to $75, citing a tighter oil market with lower global inventories, reduced OPEC spare capacity, and a muted US supply response to Middle East disruptions (source: Barclays, May 31, 2026).Narrative Update • May 27
OVV: Stable Production Mix And Margins Will Support Higher Earnings Multiple
Analysts have nudged their price target on Ovintiv up by $1 to $82, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that slightly reshape their outlook on the stock without radically changing it. What's in the News Ovintiv reported first quarter 2026 oil production of 141.8 Mbbls/d and NGLs Plant Condensate production of 83.5 Mbbls/d, with total liquids at 324.9 Mbbls/d and natural gas at 2,124 MMcf/d, for total production of 678.9 MBOE/d (Announcement of operating results).Narrative Update • May 04
OVV: Production Outlook And Margins Will Support Higher Earnings Multiple
Analysts have lifted their fair value estimate for Ovintiv's stock from $80.00 to $81.00 as they update their models to reflect revised assumptions for revenue growth, profit margins, and future P/E levels. What's in the News Ovintiv reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program, with the total completed under this authorization also at 0 shares for $0 million (Key Developments).Narrative Update • Apr 19
OVV: Higher Projected Production And P/E Multiple Will Drive Bullish Outlook
Analysts have raised their price target on Ovintiv from about $60 to about $69, citing updated assumptions around revenue growth, profit margins, and future P/E that result in a higher fair value estimate. What's in the News Ovintiv updated its share buyback activity for the period from October 1, 2025 to December 31, 2025, reporting that it repurchased 0 shares, or 0%, for a total of $0m under the buyback announced on September 29, 2025 (Key Developments).Narrative Update • Apr 05
OVV: Future Production Guidance Will Support Higher Earnings Multiple
Analysts have raised their price target on Ovintiv from about $66 to $80, pointing to revised assumptions around discount rates, revenue growth, profit margins, and future P/E as key drivers of the updated view. What's in the News Ovintiv reported no share repurchases from October 1, 2025 to December 31, 2025, with 0 shares bought for $0 million under the existing buyback program announced on September 29, 2025 (Key Developments).Narrative Update • Mar 21
OVV: Future Production Mix And P/E Expectations Will Shape Balanced Outlook
Analysts have adjusted their price target for Ovintiv to $60.45 from $57.00, reflecting updates to fair value assumptions, revenue expectations, profit margin outlook and future P/E estimates. What's in the News Ovintiv reported that between October 1, 2025 and December 31, 2025, it repurchased 0 shares for $0 million, completing the previously announced buyback program with no additional activity in that period (Key Developments).Narrative Update • Mar 07
OVV: Updated Outlook Will Balance Production Guidance With Fair Value Assumptions
Analysts have raised the price target for Ovintiv to $57, up from $51.82, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Ovintiv reported that from October 1, 2025 to December 31, 2025, it repurchased 0 shares for $0 million under its existing buyback program, bringing total repurchases under the September 29, 2025 authorization to 0 shares for $0 million (Key Developments).Narrative Update • Feb 21
OVV: Lower Growth Assumptions Will Limit Upside Despite Richer Profit Outlook
Analysts have trimmed their average price target for Ovintiv to about $42.76. They link this move to updated assumptions that pair more modest revenue growth and a slightly lower discount rate with a higher projected profit margin and a marginally reduced forward P/E.Narrative Update • Feb 07
OVV: 2026 Plan And Buybacks Will Support Fairly Balanced Return Potential
Analysts now see Ovintiv's fair value at about $43.09 per share, down slightly from roughly $43.80, reflecting updated views on discount rates, revenue growth, profit margins and a lower assumed future P/E multiple. Valuation Changes Fair value estimate is now about US$43.09 per share, down slightly from roughly US$43.80.Narrative Update • Jan 24
OVV: 2026 Production Plan And Buybacks Will Support Balanced Return Potential
Analysts have modestly raised their price target on Ovintiv to about US$44 per share from roughly US$43, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News Completed a buyback tranche covering July 1, 2025 to September 30, 2025, repurchasing 3,770,911 shares, or 1.47% of shares, for US$158 million, bringing total repurchases under the September 26, 2024 program to 7,836,011 shares, or 3.02%, for US$304.02 million (Key Developments).Narrative Update • Jan 08
OVV: Higher 2026 Production Plan And Buybacks Will Support Upside Potential
Analysts have lifted their price target on Ovintiv from US$42.00 to about US$43.00, citing revised assumptions for revenue growth, profit margins and a lower future P/E multiple. What's in the News New fourth quarter 2025 production guidance sets total volumes in a range of 610 MBOE/d to 630 MBOE/d, with Oil & Condensate at 203 Mbbls/d to 209 Mbbls/d, NGLs (C2 to C4) at 95 Mbbls/d to 99 Mbbls/d, and Natural Gas at 1,875 MMcf/d to 1,925 MMcf/d (company guidance).Analysis Article • Jan 06
Is Ovintiv (NYSE:OVV) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Nov 11
Investors Can Find Comfort In Ovintiv's (NYSE:OVV) Earnings Quality
The market for Ovintiv Inc.'s ( NYSE:OVV ) shares didn't move much after it posted weak earnings recently. We did some...Analysis Article • Nov 08
Ovintiv's (NYSE:OVV) Dividend Will Be $0.30
Ovintiv Inc. ( NYSE:OVV ) will pay a dividend of $0.30 on the 31st of December. This payment means the dividend yield...Narrative Update • Oct 29
Share Repurchase Plan Will Drive Future Gains Despite Margin Pressure
Analysts have revised their price target for Ovintiv slightly downward from $52.41 to $51.82. This change reflects updated expectations for softer revenue growth and a marginally lower profit margin outlook.Narrative Update • Oct 15
Emerging Markets And LNG Exports Will Shape Future Energy
Ovintiv's analyst price target has been revised downward from $53.62 to $52.41. The adjustment reflects analysts’ updated outlook, taking into account slightly reduced estimates for profit margin and future revenue growth.Analysis Article • Sep 18
Is Ovintiv (NYSE:OVV) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Sep 16
Emerging Markets And LNG Exports Will Shape Future Energy
A slight deterioration in consensus revenue growth forecasts for Ovintiv has driven a marginal reduction in the analyst price target from $54.00 to $53.62. What's in the News Ovintiv reported total production of 615.3 MBOE/d for Q2, up from 593.8 MBOE/d a year ago, with increases in total liquids and natural gas production.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 9,383 | 1,921 | 2,030 | 4,564 | 7 |
| 12/31/2027 | 9,058 | 1,875 | 2,133 | 4,460 | 10 |
| 12/31/2026 | 10,011 | 818 | 2,469 | 4,767 | 10 |
| 6/30/2026 | 9,523 | 920 | 2,021 | 4,454 | N/A |
| 3/31/2026 | 8,865 | 771 | 1,466 | 3,835 | N/A |
| 12/31/2025 | 8,663 | 1,242 | -1,032 | 3,652 | N/A |
| 9/30/2025 | 8,794 | 236 | -832 | 3,718 | N/A |
| 6/30/2025 | 8,952 | 595 | -623 | 3,928 | N/A |
| 3/31/2025 | 8,931 | 628 | -719 | 3,935 | N/A |
| 12/31/2024 | 8,943 | 1,125 | 1,213 | 3,721 | N/A |
| 9/30/2024 | 9,562 | 2,041 | 1,446 | 4,063 | N/A |
| 6/30/2024 | 10,297 | 1,940 | 982 | 3,947 | N/A |
| 3/31/2024 | 10,456 | 1,936 | 566 | 3,758 | N/A |
| 12/31/2023 | 10,661 | 2,085 | 1,146 | 4,167 | N/A |
| 9/30/2023 | 11,056 | 2,564 | 713 | 3,680 | N/A |
| 6/30/2023 | 11,786 | 3,344 | 1,139 | 3,736 | N/A |
| 3/31/2023 | 13,448 | 4,365 | 1,973 | 4,249 | N/A |
| 12/31/2022 | 14,263 | 3,637 | 1,749 | 3,866 | N/A |
| 9/30/2022 | 14,092 | 3,686 | 1,806 | 3,731 | N/A |
| 6/30/2022 | 13,169 | 2,428 | 1,811 | 3,581 | N/A |
| 3/31/2022 | 11,628 | 866 | 1,367 | 2,987 | N/A |
| 12/31/2021 | 10,468 | 1,416 | 1,599 | 3,129 | N/A |
| 9/30/2021 | 9,030 | -582 | 1,664 | 3,108 | N/A |
| 6/30/2021 | 7,636 | -2,031 | 1,361 | 2,789 | N/A |
| 3/31/2021 | 6,186 | -6,209 | 858 | 2,156 | N/A |
| 12/31/2020 | 5,509 | -6,097 | 159 | 1,895 | N/A |
| 9/30/2020 | 5,741 | -5,489 | -145 | 1,906 | N/A |
| 6/30/2020 | 6,186 | -3,819 | -55 | 2,169 | N/A |
| 3/31/2020 | 7,011 | 900 | N/A | 2,958 | N/A |
| 12/31/2019 | 7,013 | 234 | N/A | 2,921 | N/A |
| 9/30/2019 | 6,623 | 1,270 | N/A | 2,750 | N/A |
| 6/30/2019 | 6,340 | 1,160 | N/A | 2,879 | N/A |
| 3/31/2019 | 5,769 | 673 | N/A | 2,448 | N/A |
| 12/31/2018 | 5,457 | 1,069 | N/A | 2,300 | N/A |
| 9/30/2018 | 5,166 | -190 | N/A | 2,110 | N/A |
| 6/30/2018 | 4,558 | 65 | N/A | 1,582 | N/A |
| 3/31/2018 | 4,218 | 547 | N/A | 1,325 | N/A |
| 12/31/2017 | 3,892 | 827 | N/A | 1,050 | N/A |
| 9/30/2017 | 3,737 | 775 | N/A | 880 | N/A |
| 6/30/2017 | 3,740 | 798 | N/A | 709 | N/A |
| 3/31/2017 | 3,497 | -134 | N/A | 574 | N/A |
| 12/31/2016 | 3,122 | -944 | N/A | 625 | N/A |
| 9/30/2016 | 2,646 | -1,275 | N/A | 874 | N/A |
| 6/30/2016 | 3,075 | -2,828 | N/A | 1,141 | N/A |
| 3/31/2016 | 3,211 | -3,837 | N/A | 1,356 | N/A |
| 12/31/2015 | 3,830 | -5,165 | N/A | 1,681 | N/A |
| 9/30/2015 | 5,645 | -4,355 | N/A | 1,494 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OVV's forecast earnings growth (20.2% per year) is above the savings rate (3.7%).
Earnings vs Market: OVV's earnings (20.2% per year) are forecast to grow faster than the US market (17.2% per year).
High Growth Earnings: OVV's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OVV's revenue is expected to decline over the next 3 years (-2.2% per year).
High Growth Revenue: OVV's revenue is forecast to decline over the next 3 years (-2.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OVV's Return on Equity is forecast to be low in 3 years time (16.2%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 21:34 |
| End of Day Share Price | 2026/09/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ovintiv Inc. is covered by 58 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick O'Rourke | ATB Cormark |
| Laique Ahmad Amir Arif | ATB Cormark Historical (Cormark Securities) |
| Brent Watson | ATB Cormark Historical (Cormark Securities) |