Goldman Sachs Raises Ovintiv (OVV) Price Target to $72

By TradeTexts Research Desk Oct 27, 2026, 2:17 PM EDT

Key Points

Goldman Sachs increased its price target on Ovintiv from $65 to $72, reflecting a bullish outlook on the stock.
Ovintiv's shares recently traded around $71.24, which is about equal to the closing price of $71.23 on the same day.
The stock's current price is below the analyst consensus target mean of $79.82, indicating potential upside.

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On October 27, 2026, Goldman Sachs raised its price target on Ovintiv Inc. (NYSE: OVV) to $72 from $65 while keeping its rating at Buy. This move comes as analysts continue to show confidence in Ovintiv's performance in the energy sector.

Goldman Sachs made this adjustment based on their analysis of the company's potential, suggesting they see positive developments ahead. The new target represents a notable increase, which could attract more investor interest as the stock approaches this level.

OVV Ovintiv Inc.

$71.14 +78.43% year to date

Daily close · Oct 27, 2026

Analyst rating track record

Goldman Sachs vs. the S&P 500

YTD return -1.40% hypothetical

All-time return -1.40% S&P 500 +2.08%

vs. S&P 500 -3.48% behind the index

Hypothetical returns from Goldman Sachs's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Ovintiv Inc.

Hotchkis & Wiley Capital Management, LLC increased its holdings in Ovintiv by 193,833 shares, bringing its total to 8,695,301 shares worth about $619.4 million. This move indicates continued confidence from institutional investors in the company's prospects.

Ovintiv Inc. Stock Down 1.8%

As of October 27, 2026, Ovintiv's shares traded at approximately $71.24, which is about equal to its closing price of $71.23 on that day. The stock is currently above its 50-day moving average by 10.5% and its 200-day moving average by 25.0%. However, it remains about 3.2% below its 52-week high of $73.62, suggesting there is room for growth relative to the new target set by Goldman Sachs.

12-month forecast

$OVV price target

Ovintiv Inc. daily closes and this analyst's $72 target. Not advice.

Recent Earnings

Ovintiv reported trailing twelve-month revenue of approximately $9.52 billion with an earnings per share (EPS) of $3.59. The company has shown strong revenue growth of 29.7% year-over-year. The next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Ovintiv Inc.

Since December 2025, several insiders have sold shares of Ovintiv. Gregory Dean Givens, the Chief Operating Officer, sold 50,000 shares for about $2.02 million on December 12, 2025. Other notable sales include Howard John Mayson, a Director, who sold 5,000 shares for $261,950 on March 3, 2026, and Meghan Nicole Eilers, General Counsel, who sold 11,582 shares for $634,462 on March 13, 2026.

Analysts Set New Price Targets

On October 27, 2026, Goldman Sachs maintained its Buy rating on Ovintiv, raising the price target to $72 from $65. Other firms also adjusted their targets recently, including Wells Fargo, which maintained an Overweight rating with a target of $82, and Morgan Stanley, which kept its Equal-Weight rating with a target of $71.

About Ovintiv Inc.

Ovintiv Inc. is an oil and natural gas exploration and production company based in Denver, Colorado. It operates in North America through its USA and Canadian Operations segments. The company's performance is closely tied to the dynamics of the energy market, making analyst ratings and price targets significant indicators of its future prospects.

Bottom Line

Investors should watch for Ovintiv's next earnings report on November 3, 2026, as it may provide further insights into the company's financial health. Goldman Sachs' increased price target reflects a positive outlook, and the stock's current trading position suggests potential for growth as it approaches this new target.