Ovintiv (NYSE:OVV) Price Target Raised to $65.00 at Scotiabank

Ovintiv (NYSE:OVV) had its target price increased by Scotiabank from $58.00 to $65.00 in a research note released on Thursday,Benzinga reports. They currently have a sector outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Ovintiv from $42.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday. TD Cowen increased their target price on shares of Ovintiv from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday. William Blair started coverage on shares of Ovintiv in a research note on Wednesday, November 26th. They set an “outperform” rating and a $50.00 price target on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Ovintiv in a research report on Monday, December 29th. Finally, Roth Mkm upped their price objective on shares of Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.17.

Ovintiv Price Performance

NYSE:OVV opened at $57.00 on Thursday. The stock has a 50 day moving average of $47.21 and a two-hundred day moving average of $42.17. Ovintiv has a 12 month low of $29.80 and a 12 month high of $57.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a market cap of $16.15 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.39 EPS for the quarter, topping 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 return on equity of 12.00% and a net margin of 13.94%.During the same quarter last year, the business posted ($0.23) earnings per share. On average, analysts expect that Ovintiv will post 5.59 earnings per share for the current fiscal year.

Ovintiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 13th. Ovintiv’s payout ratio is currently 24.79%.

Insider Activity

In other Ovintiv news, Director Howard John Mayson sold 5,000 shares of Ovintiv stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total value of $261,950.00. Following the completion of the sale, the director owned 45,780 shares in the company, valued at $2,398,414.20. The trade was a 9.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the sale, the executive vice president owned 54,092 shares of the company’s stock, valued at $2,963,159.76. This represents a 17.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OVV. Wealth Enhancement Advisory Services LLC boosted its position in Ovintiv by 296.2% in the 3rd 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 during the last quarter. Citigroup Inc. increased its position in shares of Ovintiv by 42.1% during the third quarter. Citigroup Inc. now owns 174,090 shares of the company’s stock worth $7,030,000 after acquiring an additional 51,562 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Ovintiv in the third quarter worth about $1,816,000. Moody Aldrich Partners LLC lifted its stake in shares of 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 in the last quarter. Finally, Savant Capital LLC boosted its holdings in Ovintiv by 412.9% in the third quarter. Savant Capital LLC now owns 36,771 shares of the company’s stock valued at $1,485,000 after purchasing an additional 29,602 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotiabank raised its price target to $65 and put a “sector outperform” on OVV, signaling meaningful upside from current levels. Scotiabank Price Target Raise
• Positive Sentiment: Barclays boosted its target to $62 with an Overweight/Outperform stance — adds institutional credibility to the rally. Barclays Boosts Price Target
• Positive Sentiment: TD Cowen lifted its target to $60 (Buy), another incremental bullish analyst action that can attract flows. TD Cowen Note
• Positive Sentiment: Forbes included Ovintiv on a list of undervalued stocks to buy, which can broaden retail/income investor interest. Forbes Undervalued Stocks
• Neutral Sentiment: Wells Fargo raised its target to $54 but kept an “equal weight” rating — the new target sits below current market levels, so this is not a bullish catalyst and may temper upside for some investors. Wells Fargo Note
• Negative Sentiment: Zacks trimmed multiple near‑term EPS forecasts (Q1–Q4 2026 and FY2027 cuts noted), lowering short‑term earnings expectations — continued revisions would be a downside risk. Zacks Earnings Revisions
• Negative Sentiment: Insider selling: EVP Meghan Eilers sold 11,582 shares (~$54.78 avg), reducing her holding by ~17.6% — a potential negative signal for some investors. Insider Sale Filing

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.