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 analysts have issued 1-year target prices for Ovintiv's stock. Their OVV share price targets range from $39.00 to $69.00. On average, they predict the company's share price to reach $56.71 in the next twelve months. This suggests a possible upside of 8.4% 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 shares have increased by 19.1% and is now trading at $52.30. 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) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.94 by $0.41. The company earned $3.17 billion during the quarter, compared to analyst estimates of $2.75 billion. Ovintiv had a trailing twelve-month return on equity of 19.50% and a net margin of 19.16%.

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

Ovintiv declared a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be given a dividend of $0.30 per share on Thursday, March 28th. This represents a $1.20 annualized dividend and a 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 (NYSE:OVV) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.23%. 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 17.19% 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 Euclidean Fundamental Value ETF (ECML) .

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 variety of institutional and retail investors. Top institutional shareholders include Modus Advisors LLC (0.04%), Foundation Resource Management Inc. (0.03%), Viking Fund Management LLC (0.03%), Alaska Permanent Fund Corp (0.02%), Miller Howard Investments Inc. NY (0.01%) and Global Assets Advisory LLC (0.01%). 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 .

NYSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

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Free OVV Stock Alerts

$52.30

-0.27 (-0.51%)

(As of 04/16/2024 ET)

Compare

Today's Range: $51.16
▼
$52.52
50-Day Range: $41.56
▼
$55.56
52-Week Range: $32.07
▼
$55.95

Volume: 3.25 million shs
Average Volume: 3.20 million shs
Market Capitalization: $14.07 billion

P/E Ratio: 6.63
Dividend Yield: 2.29%
Price Target: $56.71

Get Ovintiv alerts:

Ovintiv MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.69 Rating Score
Upside/Downside: 8.4% Upside
$56.71 Price Target
Short Interest: Healthy
1.98% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -7.65
Upright™ Environmental Score
News Sentiment: 0.77
Based on 14 Articles This Week
Insider Trading: Selling Shares
$4.66 M Sold Last Quarter
Proj. Earnings Growth: 11.68%
From $6.25 to $6.98 Per Share

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.

3.96 out of 5 stars

Oils/Energy Sector

60th out of 239 stocks

Crude Petroleum & Natural Gas Industry

24th out of 76 stocks

2.3

Analyst's Opinion

Consensus Rating
Ovintiv 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 Coverage
Ovintiv has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.98% of the float of Ovintiv has been sold short.
Short Interest Ratio / Days to Cover
Ovintiv 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 month
Short interest in Ovintiv has recently increased by 5.91%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Ovintiv pays a meaningful dividend of 2.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ovintiv has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Ovintiv is 15.21%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ovintiv will have a dividend payout ratio of 17.19% next year. This indicates that Ovintiv will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ovintiv 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 Sustainability
The Environmental Impact score for Ovintiv is -7.65.

2.7

News and Social Media Coverage

News Sentiment
Ovintiv has a news sentiment score of 0.77. 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 0.58 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Ovintiv this week, compared to 5 articles on an average week.
Search Interest
Only 14 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 1.70% of the stock of Ovintiv is held by insiders.
Percentage Held by Institutions
83.81% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Ovintiv are expected to grow by 11.68% in the coming year, from $6.25 to $6.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ovintiv is 6.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ovintiv is 6.63, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.94.
Price to Book Value per Share Ratio
Ovintiv has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.

OVV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OVV Stock News Headlines

April 16, 2024 | americanbankingnews.com

Ovintiv (NYSE:OVV) Price Target Increased to $53.00 by Analysts at Morgan Stanley

April 14, 2024 | americanbankingnews.com

Jefferies Financial Group Increases Ovintiv (NYSE:OVV) Price Target to $69.00

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April 13, 2024 | americanbankingnews.com

UBS Group Increases Ovintiv (NYSE:OVV) Price Target to $69.00

April 11, 2024 | americanbankingnews.com

Ovintiv (NYSE:OVV) Earns Overweight Rating from Analysts at Barclays

April 8, 2024 | prnewswire.com

Ovintiv to Host its First Quarter 2024 Results Conference Call and Webcast on May 8, 2024

April 8, 2024 | americanbankingnews.com

Capital One Financial Research Analysts Lift Earnings Estimates for Ovintiv Inc. (NYSE:OVV)

April 6, 2024 | americanbankingnews.com

Ovintiv (NYSE:OVV) Stock Rating Reaffirmed by Mizuho

April 16, 2024 | Priority Gold (Ad)

Biden to Launch “FedNOW” [Move Your Money Now]

March 29, 2024 | finance.yahoo.com

S&P revises Oman outlook to positive on strengthening fiscal position

March 23, 2024 | barrons.com

Ovintiv Inc.

March 22, 2024 | seekingalpha.com

Ovintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 Billion

March 22, 2024 | markets.businessinsider.com

Unveiling 4 Analyst Insights On Ovintiv

March 21, 2024 | fool.ca

2 Incredibly Cheap Canadian Energy Stocks to Buy Now

March 14, 2024 | finance.yahoo.com

OVV Apr 2024 39.000 put

March 14, 2024 | msn.com

Marathon Oil upgraded to Buy at Argus on strong financials, shareholder focus

March 14, 2024 | finance.yahoo.com

OVV Apr 2024 30.000 call

March 14, 2024 | finance.yahoo.com

OVV Jul 2024 42.000 put

March 5, 2024 | finance.yahoo.com

Insider Sell: EVP, Corporate Services Rachel Moore Sells 9,300 Shares of Ovintiv Inc (OVV)

March 3, 2024 | seekingalpha.com

Ovintiv: Still Light On Oil Reserves

March 1, 2024 | finance.yahoo.com

Ovintiv Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

February 29, 2024 | realmoney.thestreet.com

Ovintiv price target raised to $58 from $53 at National Bank

February 28, 2024 | markets.businessinsider.com

Analysts Offer Insights on Energy Companies: Ovintiv (OVV), Helix Energy (HLX) and Clean Energy Fuels (CLNE)

February 28, 2024 | finance.yahoo.com

Decoding Ovintiv Inc (OVV): A Strategic SWOT Insight

February 27, 2024 | prnewswire.com

Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results

February 17, 2024 | finance.yahoo.com

OVV Mar 2024 38.000 put

February 14, 2024 | forbes.com

Big Takeover Targets Remain In The Permian Basin

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Current Symbol: NYSE:OVV
CUSIP: N/A
CIK: 1792580
Web: www.ovintiv.com
Phone: 303-623-2300
Fax: 303-623-2400
Employees: 1,743
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $56.71
High Stock Price Target: $69.00
Low Stock Price Target: $39.00
Potential Upside/Downside: +8.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.69
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.89
Trailing P/E Ratio: 6.63
Forward P/E Ratio: 8.37
P/E Growth: N/A
Net Income: $2.09 billion
Net Margins: 19.16%
Pretax Margin: 23.06%
Return on Equity: 19.50%
Return on Assets: 9.71%

Debt

Debt-to-Equity Ratio: 0.53
Current Ratio: 0.60
Quick Ratio: 0.60

Sales & Book Value

Annual Sales: $10.88 billion
Price / Sales: 1.29
Cash Flow: $12.98 per share
Price / Cash Flow: 4.03
Book Value: $38.00 per share
Price / Book: 1.38

Miscellaneous

Outstanding Shares: 268,954,000
Free Float: 266,345,000
Market Cap: $14.07 billion
Optionable: Optionable
Beta: 2.65

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Key Executives

Mr. Brendan Michael McCracken (Age 48)
President, CEO & Director
Comp: $4.03M
Mr. Corey Douglas Code (Age 50)
Executive VP & CFO
Comp: $1.71M
Mr. Gregory Dean Givens (Age 50)
Executive VP & COO
Comp: $2.04M
Ms. Meghan Nicole Eilers (Age 42)
Executive VP, General Counsel & Corporate Secretary
Comp: $1.21M
Ms. Renee E. Zemljak (Age 59)
Executive Vice President of Midstream, Marketing & Fundamentals
Comp: $1.38M
Mr. 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: $809.56k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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 analysts have issued 1-year target prices for Ovintiv's stock. Their OVV share price targets range from $39.00 to $69.00. On average, they predict the company's share price to reach $56.71 in the next twelve months. This suggests a possible upside of 8.4% 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 shares have increased by 19.1% and is now trading at $52.30.
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) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $1.94 by $0.41. The company earned $3.17 billion during the quarter, compared to analyst estimates of $2.75 billion. Ovintiv had a trailing twelve-month return on equity of 19.50% and a net margin of 19.16%.

How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv?: Ovintiv declared a quarterly dividend on Tuesday, February 27th. Investors of record on Friday, March 15th will be given a dividend of $0.30 per share on Thursday, March 28th. This represents a $1.20 annualized dividend and a 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 (NYSE:OVV) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.23%. 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 17.19% 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 Euclidean Fundamental Value ETF (ECML).
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 variety of institutional and retail investors. Top institutional shareholders include Modus Advisors LLC (0.04%), Foundation Resource Management Inc. (0.03%), Viking Fund Management LLC (0.03%), Alaska Permanent Fund Corp (0.02%), Miller Howard Investments Inc. NY (0.01%) and Global Assets Advisory LLC (0.01%). 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.

This page (NYSE:OVV) was last updated on 4/16/2024 by MarketBeat.com Staff

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Ovintiv (OVV) Stock Price, News & Analysis

Ovintiv MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ovintiv Stock (NYSE:OVV)

OVV Stock Price History

OVV Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

OVV Stock Analysis - Frequently Asked Questions

Overall MarketRank^™