Tourmaline, Ovintiv and Arc Resources have been highlighted in this Industry Outlook article.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
OVV's impressive production growth, strategic expansion and shareholder-focused approach make it a solid investment in the energy market.
OVV finalizes its Montney asset acquisition, adding considerable net acres and oil output to its portfolio.
OVV closes a $2 billion deal with FourPoint Resources for 126,000 acres in the Uinta Basin, enhancing its portfolio and strategic focus on high-value assets.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.4% in Ovintiv (OVV). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Ovintiv (OVV) and Plains GP Holdings (PAGP) have performed compared to their sector so far this year.
Ovintiv (OVV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The mean of analysts' price targets for Ovintiv (OVV) points to a 39.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ovintiv (OVV) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.