TSE:OVV Ovintiv (OVV) Stock Price, News & Analysis → $25,000 into $109,616 in two months? (From WealthPress) (Ad) Free OVV Stock Alerts C$72.12 +0.64 (+0.90%) (As of 03:01 PM ET) Add Compare Share Share Today's RangeC$70.54▼C$72.1950-Day RangeC$57.09▼C$75.9152-Week RangeC$43.23▼C$76.63Volume39,485 shsAverage Volume131,141 shsMarket CapitalizationC$19.40 billionP/E Ratio6.72Dividend Yield2.25%Price TargetC$58.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlines Get Ovintiv alerts: Email Address Ovintiv MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside18.8% DownsideC$58.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.71Based on 8 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.1.45 out of 5 stars 1.3 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageOvintiv has only been the subject of 2 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for OVV. Previous Next 1.7 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.32%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOvintiv does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ovintiv is 15.08%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OVV. Previous Next 2.6 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of 0.71. 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 0.45 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Ovintiv this week, compared to 2 articles on an average week.Search InterestOnly 14 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ovintiv insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.50% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions81.89% 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 Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 6.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 6.71, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.96.Price to Earnings Growth RatioOvintiv has a PEG Ratio of 0.05. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.89. 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 DTIHere’s how to start a “Weekend Side Hustle” from your sofaHere’s how you can start your very own “Weekend Side Hustle” right from the comfort of your sofa! It doesn't matter if you have a multi-million dollar retirement account… Or if you’re just starting out with a few thousand.Weekend after weekend! 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.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 22, 2024 | americanbankingnews.comCapital One Financial Analysts Lift Earnings Estimates for Ovintiv Inc. (TSE:OVV)April 21, 2024 | americanbankingnews.comOvintiv (TSE:OVV) PT Raised to C$68.00 at National BanksharesApril 23, 2024 | DTI (Ad)A new way to collect income from stocksMost people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively… April 20, 2024 | nasdaq.comValidea Detailed Fundamental Analysis - OVVApril 18, 2024 | nasdaq.comOvintiv (OVV) Price Target Increased by 5.95% to 61.59April 12, 2024 | markets.businessinsider.comBuy Rating Affirmed for Ovintiv on Enhanced Productivity and Sustainable Returns StrategyApril 11, 2024 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In Ovintiv Inc.'s (NYSE:OVV) Stock?April 3, 2024 | msn.comStock winners of Republican policy if Trump wins - GSApril 23, 2024 | DTI (Ad)A new way to collect income from stocksMost people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively… March 25, 2024 | finance.yahoo.comOvintiv (NYSE:OVV) Might Have The Makings Of A Multi-BaggerMarch 16, 2024 | investing.comOvintiv EVP sells shares worth over $3.8 millionMarch 15, 2024 | benzinga.comInsider Transaction: Ellen Renee Zemljak Sells $4.39M Worth Of Ovintiv SharesMarch 14, 2024 | finance.yahoo.comInsider Sell: EVP, Midstream, Marketing & Fundamentals Renee Zemljak Sells 76,264 Shares of ...March 14, 2024 | finance.yahoo.comOVV Jun 2024 20.000 callMarch 14, 2024 | finance.yahoo.comOVV Jul 2024 37.000 putMarch 9, 2024 | finance.yahoo.comOvintiv (NYSE:OVV) Could Be A Buy For Its Upcoming DividendFebruary 29, 2024 | markets.businessinsider.comBuy Rating Affirmed for Ovintiv on Strong Earnings and Operational ExcellenceFebruary 29, 2024 | finance.yahoo.comOvintiv Inc. (NYSE:OVV) Q4 2023 Earnings Call TranscriptFebruary 29, 2024 | finance.yahoo.comOvintiv Full Year 2023 Earnings: EPS Beats ExpectationsFebruary 28, 2024 | bizjournals.comDenver oil company tops $2 billion in profits, beats production and earnings expectationsFebruary 28, 2024 | seekingalpha.comOvintiv Inc. (OVV) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | msn.comOvintiv declares $0.30 dividendFebruary 27, 2024 | finance.yahoo.comOvintiv Inc (OVV) Posts Strong Year-End Earnings, Exceeds Production TargetsFebruary 25, 2024 | finance.yahoo.comCalculating The Fair Value Of Ovintiv Inc. (NYSE:OVV)February 22, 2024 | finance.yahoo.comOVV Mar 2024 60.000 callFebruary 17, 2024 | finance.yahoo.comOVV Mar 2024 40.000 callFebruary 17, 2024 | finance.yahoo.comOVV Mar 2024 45.000 putSee 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 Payable3/28/2024Today4/23/2024Next Earnings (Confirmed)5/07/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas E&P Sub-IndustryN/A Current SymbolTSE:OVV CUSIPN/A CIKN/A Webwww.ovintiv.com Phone303-623-2300FaxN/AEmployees1,743Year FoundedN/APrice Target and Rating Average Stock Price TargetC$58.50 High Stock Price TargetC$68.00 Low Stock Price TargetC$49.00 Potential Upside/Downside-18.2%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)C$10.74 Trailing P/E Ratio6.66 Forward P/E Ratio8.40 P/E Growth0.05Net IncomeC$2.08 billion Net Margins19.56% Pretax MarginN/A Return on Equity23.09% Return on Assets10.50% Debt Debt-to-Equity Ratio64.45 Current Ratio0.60 Quick Ratio0.51 Sales & Book Value Annual SalesC$10.66 billion Price / Sales1.80 Cash FlowC$0.08 per share Price / Cash Flow921.25 Book ValueC$38.17 per share Price / Book1.87Miscellaneous Outstanding Shares268,950,000Free FloatN/AMarket CapC$19.22 billion OptionableNot Optionable Beta2.67 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 48)President, CEO & Director Comp: $5.56MMr. Corey Douglas Code (Age 50)Executive VP & CFO Comp: $2.35MMr. Gregory Dean Givens (Age 50)Executive VP & COO Comp: $2.81MMs. Meghan Nicole Eilers (Age 42)Executive VP, General Counsel & Corporate Secretary Comp: $1.67MMs. Renee E. Zemljak (Age 59)Senior Advisor Comp: $1.9MMr. 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: $1.12MMore ExecutivesKey CompetitorsTourmaline OilTSE:TOUARC ResourcesTSE:ARXMEG EnergyTSE:MEGCrescent Point EnergyTSE:CPGStrathcona ResourcesTSE:SCRView All Competitors 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 shown positive performance, trading at a 1-year high of C$70.61. Ovintiv has a strong market presence in the oil & gas exploration and production industry. The company operates in key regions like Permian, Anadarko, and Montney, which are rich in natural resources. Ovintiv's diversified operations in the USA and Canada provide geographic stability. The company's low P/E ratio of 6.44 indicates potential undervaluation compared to industry peers. Cons Investors should be bearish about investing in Ovintiv Inc. for these reasons: Ovintiv recently lowered its earnings estimates, which may indicate challenges in the near term. The company's debt-to-equity ratio of 64.45 is relatively high, posing financial risk. Ovintiv's dividend cut may deter income-focused investors. The company's beta of 2.67 suggests higher volatility compared to the market average. Analysts have revised down earnings estimates for Ovintiv, signaling potential concerns about future performance. 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 Saturday, April 13, 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? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 1 hold rating and 1 buy rating 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? 2 analysts have issued twelve-month price objectives for Ovintiv's stock. Their OVV share price targets range from C$49.00 to C$68.00. On average, they expect the company's stock price to reach C$58.50 in the next year. This suggests that the stock has a possible downside of 18.8%. 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 2024. Since then, OVV shares have increased by 23.9% and is now trading at C$72.05. 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 were Ovintiv's earnings last quarter? Ovintiv Inc. (TSE:OVV) posted its quarterly earnings results on Tuesday, February, 27th. The company reported $3.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $0.59. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate 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 declared a quarterly dividend on Thursday, March 14th. Shareholders of record on Thursday, March 28th will be given a dividend of 0.403 per share on Thursday, March 28th. This represents a $1.61 annualized dividend and a yield of 2.24%. 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 2.32%. The dividend payout ratio is 15.08%. 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? Based on aggregate information from My MarketBeat watchlists, some companies that other Ovintiv investors own include Canadian Natural Resources (CNQ), Toronto-Dominion Bank (TD), BlackBerry (BB), Enbridge (ENB), Suncor Energy (SU), Tourmaline Oil (TOU), Whitecap Resources (WCP), Birchcliff Energy (BIR), Bank of Montreal (BMO) and Bank of Nova Scotia (BNS). 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. 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