FMP
Jun 14, 2024 1:51 PM - Davit Kirakosyan
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.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...