Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Buy rating on Ovintiv (OVV – Research Report) today and set a price target of $48.00.
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Gabriele Sorbara has given his Buy rating due to a combination of factors that highlight Ovintiv’s strong operational execution and financial resilience. Despite slightly lower than expected guidance for the second quarter of 2025, Sorbara is confident in Ovintiv’s track record of meeting its targets, which supports the company’s long-term investment thesis.
Sorbara emphasizes the company’s ability to generate robust free cash flow at current pricing levels, which is a key factor in maintaining a positive outlook. Additionally, Ovintiv’s flexibility to adjust its 2025 program in response to changing market conditions, such as commodity price fluctuations, further strengthens its investment appeal. The reaffirmation of the 2025 outlook, coupled with the potential for increased gas production, underlines the company’s strategic adaptability and commitment to value creation.
Sorbara covers the Energy sector, focusing on stocks such as Comstock Resources, Diamondback, and Ovintiv. According to TipRanks, Sorbara has an average return of 17.9% and a 51.36% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $53.00 price target.