NYSE:OVV Ovintiv (OVV) Stock Price, News & Analysis → Central Banks Preparing for US Dollar Collapse? (From Behind the Markets) (Ad) Free OVV Stock Alerts $51.90 +0.54 (+1.05%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$51.62▼$52.0650-Day Range$40.91▼$51.9052-Week Range$32.07▼$52.09Volume3.09 million shsAverage Volume4.18 million shsMarket Capitalization$13.96 billionP/E Ratio6.58Dividend Yield2.31%Price Target$53.94 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 Buy2.62 Rating ScoreUpside/Downside3.9% Upside$53.94 Price TargetShort InterestHealthy1.87% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.65Upright™ Environmental ScoreNews Sentiment0.26Based on 16 Articles This WeekInsider TradingSelling Shares$4.66 M Sold Last QuarterProj. Earnings Growth15.29%From $5.95 to $6.86 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.4.41 out of 5 starsOils/Energy Sector37th out of 244 stocksCrude Petroleum & Natural Gas Industry16th out of 76 stocks 2.3 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Moderate Buy. The company's average rating score is 2.62, and is based on 8 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $53.94, Ovintiv has a forecasted upside of 3.9% from its current price of $51.90.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 4.0 Short Interest Percentage of Shares Shorted1.87% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently decreased by 3.27%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.34%, 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 17.49% 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 1.8 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of 0.26. 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 lower news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Ovintiv this week, compared to 5 articles on an average week.Search InterestOnly 12 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Ovintiv are expected to grow by 15.29% in the coming year, from $5.95 to $6.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 6.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.68.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 6.58, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.80.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 Behind the MarketsCentral Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.Find out how you can protect yourself now >>> 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 HeadlinesMarch 15, 2024 | insidertrades.comInsider Selling: Ovintiv Inc. (NYSE:OVV) EVP Sells 76,264 Shares of StockMarch 29, 2024 | americanbankingnews.comMorgan Stanley Increases Ovintiv (NYSE:OVV) Price Target to $49.00March 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 27, 2024 | americanbankingnews.comOvintiv (NYSE:OVV) Price Target Raised to $56.00 at The Goldman Sachs GroupMarch 24, 2024 | americanbankingnews.comOvintiv (NYSE:OVV) PT Lowered to $58.00March 23, 2024 | barrons.comOvintiv Inc.March 23, 2024 | americanbankingnews.comQ1 2024 EPS Estimates for Ovintiv Inc. (NYSE:OVV) Reduced by AnalystMarch 22, 2024 | seekingalpha.comOvintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 BillionMarch 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 22, 2024 | markets.businessinsider.comUnveiling 4 Analyst Insights On OvintivMarch 21, 2024 | fool.ca2 Incredibly Cheap Canadian Energy Stocks to Buy NowMarch 20, 2024 | americanbankingnews.comSeaport Res Ptn Comments on Ovintiv Inc.'s Q2 2024 Earnings (NYSE:OVV)March 20, 2024 | americanbankingnews.comQ1 2024 EPS Estimates for Ovintiv Inc. Reduced by Analyst (NYSE:OVV)March 19, 2024 | americanbankingnews.comOvintiv (NYSE:OVV) Price Target Increased to $58.00 by Analysts at CitigroupMarch 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 BasinSee 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 Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Last Earnings2/27/2024Ex-Dividend for 3/28 Dividend3/14/2024Today3/28/2024Dividend Payable3/28/2024Next Earnings (Estimated)5/14/2024Fiscal 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$53.94 High Stock Price Target$69.00 Low Stock Price Target$39.00 Potential Upside/Downside+3.9%Consensus RatingModerate Buy Rating Score (0-4)2.62 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)$7.89 Trailing P/E Ratio6.58 Forward P/E Ratio8.72 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$13.52 per share Price / Cash Flow3.84 Book Value$38.00 per share Price / Book1.37Miscellaneous Outstanding Shares268,950,000Free Float264,382,000Market Cap$13.96 billion OptionableOptionable Beta2.66 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 48)President, CEO & Director Comp: $2.92MMr. Corey Douglas Code (Age 50)Executive VP & CFO Comp: $1.14MMr. Gregory Dean Givens (Age 50)Executive VP & COO Comp: $1.39MMs. Renee E. Zemljak (Age 59)Executive Vice President of Midstream, Marketing & Fundamentals Comp: $1.05MMs. Rachel Maureen Moore CHRP (Age 52)Executive Vice President of Corporate Services Comp: $809.56kMr. Stephen Carter Campbell (Age 55)Senior Vice President of Investor Relations Ms. Meghan Nicole Eilers (Age 42)Executive VP, General Counsel & Corporate Secretary More ExecutivesKey CompetitorsPermian ResourcesNASDAQ:PREQTNYSE:EQTMarathon OilNYSE:MROChesapeake EnergyNASDAQ:CHKAPANASDAQ:APAView All CompetitorsInsiders & InstitutionsNewbridge Financial Services Group Inc.Sold 500 shares on 3/28/2024Ownership: 0.001%HighPoint Advisor Group LLCBought 3,938 shares on 3/26/2024Ownership: 0.001%PNC Financial Services Group Inc.Bought 1,416 shares on 3/22/2024Ownership: 0.005%Hennessy Advisors Inc.Bought 56,400 shares on 3/14/2024Ownership: 0.021%Renee Ellen ZemljakSold 76,264 sharesTotal: $3.89 M ($50.96/share)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 research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research 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 analysts have issued 12 month price objectives for Ovintiv's shares. Their OVV share price targets range from $39.00 to $69.00. On average, they predict the company's share price to reach $53.94 in the next twelve months. This suggests a possible upside of 3.9% 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 start of the year. Since then, OVV stock has increased by 18.2% and is now trading at $51.90. 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. (NYSE:OVV) released 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 company had revenue of $3.17 billion for the quarter, compared to analyst estimates 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 given a dividend of $0.30 per share on Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a 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 2.34%. 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 17.49% 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 Invesco Energy Exploration & Production ETF (PXE), First Trust Energy AlphaDEX Fund (FXN), Proshares Equities For Rising Rates ETF (EQRR), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), AXS Astoria Inflation Sensitive ETF (PPI), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.90%), Vanguard Group Inc. (10.03%), Dodge & Cox (8.41%), Hotchkis & Wiley Capital Management LLC (1.94%), EnCap Energy Capital Fund XI L.P. (1.25%) and Wellington Management Group LLP (1.19%). Insiders that own company stock include Howard John Mayson, Joanne Linette Alexander, 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 3/29/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingFed launches fourth dollar overhaulStansberry ResearchMost important medical advance in 100 yearsThe Oxford Club Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ovintiv Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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