Ovintiv (NYSE:OVV) Sets New 1-Year High on Analyst Upgrade

Shares of Ovintiv Inc. (NYSE:OVV) reached a new 52-week high on Wednesday after Stephens upgraded the stock to a hold rating. The stock traded as high as $46.24 and last traded at $46.00, with a volume of 6661155 shares changing hands. The stock had previously closed at $44.11.

Several other brokerages have also issued reports on OVV. Roth Mkm initiated coverage on shares of Ovintiv in a research note on Monday, October 13th. They issued a “neutral” rating and a $42.00 target price on the stock. Citigroup cut their price objective on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Wells Fargo & Company raised their price objective on shares of Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. William Blair assumed coverage on shares of Ovintiv in a research report on Wednesday, November 26th. They set an “outperform” rating and a $50.00 target price for the company. Finally, National Bankshares increased their price target on Ovintiv from $54.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ovintiv presently has an average rating of “Moderate Buy” and an average target price of $51.06.

Insider Buying and Selling

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the sale, the chief operating officer directly owned 105,867 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

More Ovintiv News

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

Institutional Investors Weigh In On Ovintiv

Hedge funds and other institutional investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Ovintiv by 2.9% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 82,750 shares of the company’s stock valued at $3,243,000 after purchasing an additional 2,350 shares during the last quarter. Denali Advisors LLC increased its stake in Ovintiv by 122.6% in the 4th quarter. Denali Advisors LLC now owns 24,441 shares of the company’s stock valued at $958,000 after buying an additional 13,462 shares during the last quarter. Ethic Inc. lifted its position in Ovintiv by 12.8% during the 4th quarter. Ethic Inc. now owns 18,649 shares of the company’s stock worth $731,000 after buying an additional 2,109 shares in the last quarter. Carlson Capital L.P. acquired a new position in shares of Ovintiv during the 4th quarter worth about $839,000. Finally, International Assets Investment Management LLC bought a new position in shares of Ovintiv in the 4th quarter valued at about $104,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Ovintiv Trading Up 4.3%

The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45. The business has a 50-day moving average of $40.22 and a 200-day moving average of $39.89. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 50.55, a P/E/G ratio of 2.47 and a beta of 0.78.

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

About Ovintiv

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.