NYSE:OVV Ovintiv (OVV) Stock Price, News & Analysis → The Best AI Stock to Own in the World Today is Trading for Just $25 (From Banyan Hill Publishing) (Ad) Free OVV Stock Alerts $51.98 +0.45 (+0.87%) (As of 04/19/2024 ET) Add Compare Share Share Today's Range$51.31▼$52.5050-Day Range$42.07▼$55.5652-Week Range$32.07▼$55.95Volume1.84 million shsAverage Volume2.82 million shsMarket Capitalization$13.98 billionP/E Ratio6.59Dividend Yield2.31%Price Target$56.71 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ovintiv alerts: Email Address Ovintiv MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.69 Rating ScoreUpside/Downside9.1% Upside$56.71 Price TargetShort InterestHealthy1.98% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.65Upright™ Environmental ScoreNews Sentiment0.82Based on 5 Articles This WeekInsider TradingSelling Shares$4.66 M Sold Last QuarterProj. Earnings Growth10.53%From $6.36 to $7.03 Per ShareSee Full Details Hide Full Details 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.3.87 out of 5 starsOils/Energy Sector58th out of 227 stocksCrude Petroleum & Natural Gas Industry23rd out of 71 stocks 2.3 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoverageOvintiv has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.98% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently increased by 5.91%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.32%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOvintiv has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Ovintiv is 15.21%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ovintiv will have a dividend payout ratio of 17.07% next year. This indicates that Ovintiv will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOvintiv has received a -118.44% net impact score from Upright. The largest negative impact of Ovintiv in category "GHG emissions" seems to be driven mostly by its "Oil exploration services", "Oil trade", "Conventional crude oil", "Natural gas drilling services", and "Conventional natural gas" products. See details.Environmental SustainabilityThe Environmental Impact score for Ovintiv is -7.65. Previous Next 2.1 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Ovintiv this week, compared to 5 articles on an average week.Search InterestOnly 13 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -28% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ovintiv insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,660,818.00 in company stock.Percentage Held by InsidersOnly 1.70% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions83.81% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Ovintiv are expected to grow by 10.53% in the coming year, from $6.36 to $7.03 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 6.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.51.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 6.59, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.25.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad AltimetrySecret Bull Market Starts in This Unusual Sector"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch. Click for my No. 1 investment, all free of charge, click here. About Ovintiv Stock (NYSE: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.Read More OVV Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Stock News HeadlinesApril 16, 2024 | americanbankingnews.comOvintiv (NYSE:OVV) Price Target Increased to $53.00 by Analysts at Morgan StanleyApril 14, 2024 | americanbankingnews.comJefferies Financial Group Increases Ovintiv (NYSE:OVV) Price Target to $69.00April 20, 2024 | TradeSmith (Ad)The A.I. story nobody is telling you (Read ASAP)There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...April 13, 2024 | americanbankingnews.comUBS Group Increases Ovintiv (NYSE:OVV) Price Target to $69.00April 11, 2024 | americanbankingnews.comOvintiv (NYSE:OVV) Earns Overweight Rating from Analysts at BarclaysApril 8, 2024 | prnewswire.comOvintiv to Host its First Quarter 2024 Results Conference Call and Webcast on May 8, 2024March 29, 2024 | finance.yahoo.comS&P revises Oman outlook to positive on strengthening fiscal positionMarch 23, 2024 | barrons.comOvintiv Inc.April 20, 2024 | TradeSmith (Ad)The A.I. story nobody is telling you (Read ASAP)There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...March 22, 2024 | seekingalpha.comOvintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 BillionMarch 22, 2024 | markets.businessinsider.comUnveiling 4 Analyst Insights On OvintivMarch 21, 2024 | fool.ca2 Incredibly Cheap Canadian Energy Stocks to Buy NowMarch 14, 2024 | finance.yahoo.comOVV Apr 2024 39.000 putMarch 14, 2024 | msn.comMarathon Oil upgraded to Buy at Argus on strong financials, shareholder focusMarch 14, 2024 | finance.yahoo.comOVV Apr 2024 30.000 callMarch 14, 2024 | finance.yahoo.comOVV Jul 2024 42.000 putMarch 5, 2024 | finance.yahoo.comInsider Sell: EVP, Corporate Services Rachel Moore Sells 9,300 Shares of Ovintiv Inc (OVV)March 3, 2024 | seekingalpha.comOvintiv: Still Light On Oil ReservesMarch 1, 2024 | finance.yahoo.comOvintiv Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearFebruary 29, 2024 | realmoney.thestreet.comOvintiv price target raised to $58 from $53 at National BankFebruary 28, 2024 | markets.businessinsider.comAnalysts Offer Insights on Energy Companies: Ovintiv (OVV), Helix Energy (HLX) and Clean Energy Fuels (CLNE)February 28, 2024 | finance.yahoo.comDecoding Ovintiv Inc (OVV): A Strategic SWOT InsightFebruary 27, 2024 | prnewswire.comOvintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating ResultsFebruary 17, 2024 | finance.yahoo.comOVV Mar 2024 38.000 putFebruary 14, 2024 | forbes.comBig Takeover Targets Remain In The Permian BasinFebruary 6, 2024 | msn.comOvintiv Announces Annual Stockholders Meeting DateJanuary 15, 2024 | finance.yahoo.com4 Stocks With Big Rebound PotentialSee More Headlines Receive OVV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ovintiv and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/27/2024Ex-Dividend for 3/28 Dividend3/14/2024Dividend Payable3/28/2024Today4/19/2024Next Earnings (Confirmed)5/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:OVV CUSIPN/A CIK1792580 Webwww.ovintiv.com Phone303-623-2300Fax303-623-2400Employees1,743Year FoundedN/APrice Target and Rating Average Stock Price Target$56.71 High Stock Price Target$69.00 Low Stock Price Target$39.00 Potential Upside/Downside+9.1%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$7.89 Trailing P/E Ratio6.59 Forward P/E Ratio8.17 P/E GrowthN/ANet Income$2.09 billion Net Margins19.16% Pretax Margin23.06% Return on Equity19.50% Return on Assets9.71% Debt Debt-to-Equity Ratio0.53 Current Ratio0.60 Quick Ratio0.60 Sales & Book Value Annual Sales$10.88 billion Price / Sales1.28 Cash Flow$13.36 per share Price / Cash Flow3.89 Book Value$38.00 per share Price / Book1.37Miscellaneous Outstanding Shares268,950,000Free Float264,382,000Market Cap$13.98 billion OptionableOptionable Beta2.65 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 48)President, CEO & Director Comp: $4.03MMr. Corey Douglas Code (Age 50)Executive VP & CFO Comp: $1.71MMr. Gregory Dean Givens (Age 50)Executive VP & COO Comp: $2.04MMs. Meghan Nicole Eilers (Age 42)Executive VP, General Counsel & Corporate Secretary Comp: $1.21MMs. Renee E. Zemljak (Age 59)Executive Vice President of Midstream, Marketing & Fundamentals Comp: $1.38MMr. Stephen Carter Campbell (Age 55)Senior Vice President of Investor Relations Ms. Rachel Maureen Moore CHRP (Age 52)Executive Vice President of Corporate Services Comp: $809.56kMore ExecutivesKey CompetitorsPermian ResourcesNASDAQ:PREQTNYSE:EQTMarathon OilNYSE:MROChesapeake EnergyNASDAQ:CHKAPANASDAQ:APAView All CompetitorsInsiders & InstitutionsSumitomo Mitsui Trust Holdings Inc.Sold 43,700 shares on 4/19/2024Ownership: 0.199%Norden Group LLCBought 17,952 shares on 4/19/2024Ownership: 0.007%First Trust Direct Indexing L.P.Sold 751 shares on 4/19/2024Ownership: 0.002%State of Michigan Retirement SystemBought 1,200 shares on 4/18/2024Ownership: 0.030%Allspring Global Investments Holdings LLCSold 944 shares on 4/18/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions OVV Stock Analysis - Frequently Asked Questions Should I buy or sell Ovintiv stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" OVV shares. View OVV analyst ratings or view top-rated stocks. What is Ovintiv's stock price target for 2024? 13 Wall Street research analysts have issued 12 month target prices for Ovintiv's shares. Their OVV share price targets range from $39.00 to $69.00. On average, they predict the company's stock price to reach $56.71 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. 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 $43.92 at the beginning of 2024. Since then, OVV stock has increased by 18.4% and is now trading at $51.98. 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 7th 2024. View our OVV earnings forecast. How can I listen to Ovintiv's earnings call? Ovintiv will be holding an earnings conference call on Wednesday, May 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Ovintiv's earnings last quarter? Ovintiv Inc. (NYSE:OVV) posted its quarterly earnings data on Tuesday, February, 27th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.41. The firm had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $2.75 billion. Ovintiv had a net margin of 19.16% and a trailing twelve-month return on equity of 19.50%. How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv? Ovintiv declared a quarterly dividend on Tuesday, February 27th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.30 per share on Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, March 14th. Read our dividend analysis for OVV. Is Ovintiv a good dividend stock? Ovintiv (NYSE:OVV) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.32%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 17.07% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OVV. What ETFs hold Ovintiv's stock? ETFs with the largest weight of Ovintiv (NYSE:OVV) stock in their portfolio include First Trust Energy AlphaDEX Fund (FXN), Proshares Equities For Rising Rates ETF (EQRR), First Trust Natural Gas ETF (FCG), Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and Pacer US Cash Cows Growth ETF (BUL). What other stocks do shareholders of Ovintiv own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ovintiv investors own include Johnson & Johnson (JNJ), Exxon Mobil (XOM), American Airlines Group (AAL), General Electric (GE), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Delta Air Lines (DAL), Walt Disney (DIS) and Who are Ovintiv's major shareholders? Ovintiv's stock is owned by a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.20%), Modus Advisors LLC (0.04%), Foundation Resource Management Inc. (0.03%), State of Michigan Retirement System (0.03%), Viking Fund Management LLC (0.03%) and Alaska Permanent Fund Corp (0.02%). Insiders that own company stock include Howard John Mayson, Katherine Lucas Minyard, Meghan Nicole Eilers, Rachel Maureen Moore, Renee Ellen Zemljak, Steven W Nance and Thomas G Ricks. View institutional ownership trends. How do I buy shares of Ovintiv? Shares of OVV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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