Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results

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Ovintiv Inc. (OVV) PT Raised to $56 at JPMorgan, 'Flawlessly Executing a Multi-Basin Strategy'

February 29, 2024 5:29 AM EST

JPMorgan analyst Arun Jayaram raised the price target on Ovintiv Inc. (NYSE: OVV) to $56.00 (from $54.00) while maintaining a Overweight rating.

The analyst comments "Our positive thesis on OVV shares is shaped by our view that the discounted multiple vs. peers is poised to narrow as the capital efficiency inherent in the 2024 program looks to be repeatable for several years. In a... More