Ovintiv (NYSE:OVV) Raised to “Hold” at Stephens

Ovintiv (NYSE:OVV) was upgraded by stock analysts at Stephens to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on OVV. Citigroup dropped their price target on Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. UBS Group reaffirmed a “buy” rating on shares of Ovintiv in a report on Thursday, January 22nd. Scotiabank raised their target price on shares of Ovintiv from $51.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. National Bankshares boosted their price target on shares of Ovintiv from $54.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $55.00 price objective on shares of Ovintiv in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ovintiv has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Ovintiv Stock Performance

Shares of NYSE OVV opened at $46.00 on Tuesday. The company has a market cap of $11.65 billion, a P/E ratio of 50.55, a P/E/G ratio of 2.47 and a beta of 0.78. Ovintiv has a 52-week low of $29.80 and a 52-week high of $46.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. The firm’s fifty day moving average is $40.22 and its two-hundred day moving average is $39.89.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%.The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.86 billion. As a group, analysts anticipate that Ovintiv will post 5.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Gregory Dean Givens sold 50,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the sale, the chief operating officer owned 105,867 shares of the company’s stock, valued at approximately $4,269,616.11. This represents a 32.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ovintiv

Several hedge funds have recently added to or reduced their stakes in the company. Burney Co. grew its position in shares of Ovintiv by 690.5% during the 2nd quarter. Burney Co. now owns 67,091 shares of the company’s stock worth $2,553,000 after buying an additional 58,604 shares in the last quarter. Moody Aldrich Partners LLC lifted its stake in Ovintiv by 152.1% in the third quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock worth $5,670,000 after acquiring an additional 84,730 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Ovintiv by 296.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock worth $3,134,000 after acquiring an additional 59,069 shares during the period. SG Americas Securities LLC grew its holdings in Ovintiv by 466.2% during the 3rd quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock worth $5,352,000 after acquiring an additional 109,142 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in Ovintiv during the 3rd quarter valued at about $3,534,000. 83.81% of the stock is currently owned by institutional investors.

Trending Headlines about Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Ovintiv closed its acquisition of NuVista Energy, expanding its Alberta Montney position and adding production and cash flow that could be accretive to free cash flow and reserves. This strategic deal is the most direct fundamental driver supporting the stock’s gain today. Ovintiv Announces Closing of NuVista Energy Acquisition
• Positive Sentiment: National Bankshares raised its price target from $54 to $56 and keeps an “outperform” rating — a bullish signal that implies ~25–30% upside from current levels and may attract buyers. Analyst Note: National Bankshares Raises PT
• Neutral Sentiment: Stephens initiated/started coverage at Equal Weight (Hold), citing operational strength and attractive valuation — a neutral-to-modestly supportive view that balances the negative Zacks call and helps validate the deal rationale. Ovintiv started Equal Weight at Stephens
• Negative Sentiment: Zacks Research downgraded Ovintiv to “Strong Sell” and issued a series of small downward tweaks to FY2026/Q‑tranche EPS estimates (and mixed tweaks to FY2027), signaling concern about near‑term earnings. A high‑profile “Strong Sell” headline can pressure the stock, especially among quant/overlay strategies that react to ratings changes. Zacks Research Coverage

Ovintiv Company Profile

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.