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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

C$70.28
+0.55 (+0.79%)
(As of 03/28/2024 ET)
Today's Range
C$70.00
C$70.54
50-Day Range
C$54.36
C$70.28
52-Week Range
C$43.23
C$70.61
Volume
99,904 shs
Average Volume
131,465 shs
Market Capitalization
C$18.90 billion
P/E Ratio
6.60
Dividend Yield
2.31%
Price Target
C$49.00

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
30.3% Downside
C$49.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.21mentions of Ovintiv in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.05 out of 5 stars

OVV stock logo

About Ovintiv Stock (TSE:OVV)

Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.

OVV Stock Price History

OVV Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Ovintiv EVP sells shares worth over $3.8 million
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
OVV Jun 2024 20.000 call
OVV Jul 2024 37.000 put
Ovintiv Inc. (NYSE:OVV) Q4 2023 Earnings Call Transcript
Ovintiv Full Year 2023 Earnings: EPS Beats Expectations
Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript
Ovintiv declares $0.30 dividend
Calculating The Fair Value Of Ovintiv Inc. (NYSE:OVV)
OVV Mar 2024 60.000 call
OVV Mar 2024 40.000 call
OVV Mar 2024 45.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/27/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/14/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,743
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$49.00
High Stock Price Target
C$49.00
Low Stock Price Target
C$49.00
Potential Upside/Downside
-30.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
C$2.08 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$10.66 billion
Cash Flow
C$0.08 per share
Book Value
C$38.17 per share

Miscellaneous

Free Float
N/A
Market Cap
C$18.90 billion
Optionable
Not Optionable
Beta
2.67
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Key Executives

  • Mr. Brendan Michael McCracken (Age 48)
    President, CEO & Director
    Comp: $3.96M
  • Mr. Corey Douglas Code (Age 50)
    Executive VP & CFO
    Comp: $1.55M
  • Mr. Gregory Dean Givens (Age 50)
    Executive VP & COO
    Comp: $1.89M
  • Ms. Renee E. Zemljak (Age 59)
    Executive Vice President of Midstream, Marketing & Fundamentals
    Comp: $1.42M
  • Ms. Rachel Maureen Moore CHRP (Age 52)
    Executive Vice President of Corporate Services
    Comp: $1.1M
  • Mr. Stephen Carter Campbell (Age 55)
    Senior Vice President of Investor Relations
  • Ms. Meghan Nicole Eilers (Age 42)
    Executive VP, General Counsel & Corporate Secretary

Should I Buy Ovintiv Stock? OVV Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ovintiv Inc.:

  • Ovintiv's stock price has been showing positive momentum, trading at a 1-year high of C$70.61.
  • The company has a strong market presence in the oil & gas exploration and production industry, with key assets in strategic locations like Permian and Montney.
  • Ovintiv's diversified operations in the USA and Canada provide geographical stability and exposure to different market conditions.
  • The company's low P/E ratio of 6.44 indicates potential undervaluation compared to industry peers.
  • Ovintiv's recent dividend cut may signal a focus on financial discipline and long-term sustainability.

Cons

Investors should be bearish about investing in Ovintiv Inc. for these reasons:

  • The company's debt-to-equity ratio of 64.45 is significantly high, indicating a heavy reliance on debt financing.
  • Ovintiv's recent earnings estimate revisions downwards by analysts may raise concerns about future profitability.
  • The company's beta of 2.67 suggests higher volatility compared to the market average, posing risks for investors.
  • Ovintiv's current ratio of 0.60 and quick ratio of 0.51 indicate potential liquidity challenges in the short term.
  • The industry's cyclicality and dependence on commodity prices could impact Ovintiv's financial performance and stock price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, March 26, 2024. Please send any questions or comments about these Ovintiv pros and cons to contact@marketbeat.com.

OVV Stock Analysis - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OVV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OVV, but not buy additional shares or sell existing shares.
View OVV analyst ratings
or view top-rated stocks.

What is Ovintiv's stock price target for 2024?

1 brokerages have issued 1-year price targets for Ovintiv's stock. Their OVV share price targets range from C$49.00 to C$49.00. On average, they expect the company's stock price to reach C$49.00 in the next twelve months. This suggests that the stock has a possible downside of 30.3%.
View analysts price targets for OVV
or view top-rated stocks among Wall Street analysts.

How have OVV shares performed in 2024?

Ovintiv's stock was trading at C$58.16 at the beginning of the year. Since then, OVV shares have increased by 20.8% and is now trading at C$70.28.
View the best growth stocks for 2024 here
.

When is Ovintiv's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (TSE:OVV) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $3.20 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.59. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.69 billion. Ovintiv had a net margin of 19.56% and a trailing twelve-month return on equity of 23.09%.

How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv?

Ovintiv announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.403 per share on Thursday, March 28th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for OVV
.

Is Ovintiv a good dividend stock?

Ovintiv (TSE:OVV) pays an annual dividend of C$1.62 per share and currently has a dividend yield of 2.34%. The dividend payout ratio is 15.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OVV.

What other stocks do shareholders of Ovintiv own?
How do I buy shares of Ovintiv?

Shares of OVV stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:OVV) was last updated on 3/29/2024 by MarketBeat.com Staff

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