Ovintiv (NYSE:OVV) Given New $58.00 Price Target at National Bank Financial

Ovintiv (NYSE:OVV) had its price target raised by National Bank Financial from $56.00 to $58.00 in a research note published on Wednesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on OVV. Barclays raised their price objective on shares of Ovintiv from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $54.00 price objective on shares of Ovintiv in a research note on Saturday, January 17th. Roth Mkm upped their price objective on Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday. Scotiabank raised Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Citigroup dropped their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.72.

Ovintiv Trading Down 1.6%

OVV opened at $49.30 on Wednesday. The business’s 50 day moving average price is $42.37 and its 200 day moving average price is $40.69. Ovintiv has a one year low of $29.80 and a one year high of $51.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market capitalization of $13.97 billion, a PE ratio of 10.19, a P/E/G ratio of 2.82 and a beta of 0.78.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.During the same period in the previous year, the firm posted ($0.23) earnings per share. As a group, equities research analysts expect that Ovintiv will post 5.59 EPS for the current year.

Ovintiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th. Ovintiv’s dividend payout ratio (DPR) is 24.79%.

Insider Buying and Selling

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the company’s 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 transaction, the chief operating officer directly owned 105,867 shares of the company’s stock, valued at $4,269,616.11. This represents a 32.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Several large investors have recently made changes to their positions in the company. Burney Co. lifted its position in Ovintiv by 690.5% in the 2nd quarter. Burney Co. now owns 67,091 shares of the company’s stock valued at $2,553,000 after acquiring an additional 58,604 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ovintiv by 296.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock valued at $3,134,000 after buying an additional 59,069 shares in the last quarter. Moody Aldrich Partners LLC lifted its stake in Ovintiv by 152.1% in the 3rd quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock valued at $5,670,000 after purchasing an additional 84,730 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of 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 during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Ovintiv in the third quarter valued at $1,816,000. Institutional investors own 83.81% of the company’s stock.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Multiple analysts raised targets and set bullish ratings (UBS, Barclays, National Bank Financial, JPMorgan), signaling stronger sell‑side conviction and potential upside. Analyst Price Target Raises Analyst Notes TickerReport
• Positive Sentiment: Q4 EPS beat: Ovintiv reported $1.39 EPS vs. consensus ~$0.98, driven by higher production — a clear near‑term fundamental positive for earnings expectations. Zacks – Q4 Earnings Surpass Estimates
• Positive Sentiment: Short interest fell sharply (~36% drop to ~10.2M shares as of Feb 13), reducing potential short‑covering volatility and reflecting less bearish positioning into the print — typically supportive for the stock’s outlook.
• Positive Sentiment: Dividend declared ($0.30 quarterly; ~2.4% yield) with an ex‑dividend date of March 13 — gives income appeal and may support the share base for income‑oriented investors.
• Neutral Sentiment: Management disclosure and investor materials are available (earnings call transcript and presentation) for deeper read‑throughs on guidance, production mix and capital allocation. Earnings Call Transcript Earnings Presentation
• Negative Sentiment: Revenues declined year‑over‑year and the company flagged weaker oil prices as a headwind — this soft top‑line and commodity sensitivity can cap multiple expansion and prompt caution among investors despite the EPS beat. Zacks – Revenues Decline Y/Y

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.