Goldman Sachs Raises Ovintiv Price Target to $62

Analysts boost price target on energy company's stock by over 25%

Published on Mar. 11, 2026

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Investment bank Goldman Sachs has raised its price target on shares of Ovintiv (NYSE:OVV), an energy company focused on oil and gas exploration and production, from $49 to $62 per share. Goldman maintained its "buy" rating on the stock, citing the company's strong performance and growth potential.

Why it matters

Ovintiv is a major player in the North American energy industry, with a focus on unconventional resource plays across the United States and Canada. The increased price target from a prominent Wall Street firm like Goldman Sachs suggests analysts see significant upside in the company's stock, which could signal optimism about Ovintiv's future prospects and ability to capitalize on current energy market conditions.

The details

In its research note, Goldman Sachs cited Ovintiv's solid financial results and operational execution as reasons for the higher price target. The investment bank noted that Ovintiv has been able to effectively manage costs and capital discipline, which has contributed to its strong performance. Additionally, Goldman believes Ovintiv is well-positioned to benefit from ongoing trends in the energy sector.

  • The new $62 price target was issued by Goldman Sachs on March 11, 2026.

The players

Ovintiv

An energy company focused on oil and gas exploration and production in North America, with a portfolio spanning multiple unconventional resource plays.

The Goldman Sachs Group

A leading global investment banking, securities, and investment management firm that provides a wide range of financial services to corporations, financial institutions, governments, and individuals.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The increased price target from Goldman Sachs suggests Wall Street's confidence in Ovintiv's ability to navigate the current energy market environment and deliver strong financial and operational performance going forward.