Ovintiv (NYSE:OVV) Receives Outperform Rating from Royal Bank Of Canada

NodeGuardian · 2026-03-12T13:20:05+00:00

Royal Bank of Canada maintains an "Outperform" rating for Ovintiv with a price target of $55, indicating an 8.82% upside. Despite a high P/E ratio and trading near its 52-week high, analysts rate it a "Moderate Buy".

NodeGuardian

2026-03-12 13:20:05

Abstract generation in progress

Royal Bank of Canada has reaffirmed an “Outperform” rating for Ovintiv (NYSE:OVV), setting a price target of $55.00, suggesting an 8.82% upside from its previous close. Despite a high P/E ratio of 55.54 and trading near its 52-week high, analysts collectively give the stock a “Moderate Buy” rating with an average target of $51.22. Additionally, significant institutional ownership and increased hedge fund positions were noted, alongside a recent insider sale by the COO.

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