FMP

FMP

Enter

Evercore ISI analysts upgraded Ovintiv (NYSE:OVV) to Outperform from In Line, setting a price target of $60, and noting that despite Ovintiv's relative performa

Ovintiv Earns an Upgrade at Evercore

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Evercore ISI analysts upgraded Ovintiv (NYSE:OVV) to Outperform from In Line, setting a price target of $60, and noting that despite Ovintiv's relative performance to the sector over the past six months, the stock remains well-positioned compared to its SMID-cap peers.

Following the Permian acquisitions in 2023, Ovintiv’s management has effectively integrated assets and managed a steep decline curve. The initial wells drilled and completed by Ovintiv have performed exceptionally well, a fact that is now well-recognized in the market.

The analysts believe that in a competitive field, Ovintiv stands out as a strong performer among its peers. The company’s engineering capabilities and managed expectations offer ongoing opportunities to enhance well performance and efficiencies, supporting free cash flow and shareholder returns. Additionally, legacy costs that have burdened the income statement are decreasing, improving unit operating margins over time with reduced general and administrative (G&A) expenses.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep