Ovintiv (OVV) Stock Price, News & Analysis

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. 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.
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13 brokers have issued 1 year price objectives for Ovintiv's stock. Their OVV share price targets range from $39.00 to $69.00. On average, they expect the company's share price to reach $56.71 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
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Ovintiv's stock was trading at $43.92 at the beginning of the year. Since then, OVV shares have increased by 18.5% and is now trading at $52.05.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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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.

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, topping analysts' consensus estimates of $1.94 by $0.41. The company 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%.

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 dividend yield of 2.31%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for OVV.

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.

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).

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

Ovintiv's stock is owned by a variety of institutional and retail 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.
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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.
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