Ovintiv (NYSE:OVV) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Ovintiv (NYSE:OVV) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm issued an overweight rating and a $58.00 target price on the stock.

Several other brokerages have also recently commented on OVV. Stephens upgraded shares of Ovintiv to a “hold” rating in a research report on Tuesday, February 3rd. Evercore reiterated an “outperform” rating and issued a $47.00 price objective on shares of Ovintiv in a research note on Thursday, November 6th. Wells Fargo & Company upped their price objective on Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Ovintiv from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ovintiv presently has an average rating of “Moderate Buy” and an average price target of $52.72.

Ovintiv Stock Performance

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

Ovintiv (NYSE:OVV) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ovintiv had a net margin of 13.94% and a return on equity of 12.00%. During the same period in the prior year, the firm posted ($0.23) EPS. On average, sell-side analysts forecast that Ovintiv will post 5.59 earnings per share for the current fiscal year.

Ovintiv Announces Dividend

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

Insider Activity

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of Ovintiv 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 directly owned 105,867 shares in the company, valued at approximately $4,269,616.11. The trade was a 32.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Ovintiv

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC bought a new stake in Ovintiv during the third quarter valued at about $31,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Ovintiv during the 3rd quarter valued at about $36,000. HM Payson & Co. purchased a new position in shares of Ovintiv during the 3rd quarter valued at about $36,000. Quent Capital LLC purchased a new position in shares of Ovintiv during the 3rd quarter valued at approximately $37,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Ovintiv during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Key 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.