UBS Group Issues Positive Forecast for Ovintiv (NYSE:OVV) Stock Price

Ovintiv (NYSE:OVV) had its target price boosted by UBS Group from $58.00 to $61.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

OVV has been the subject of a number of other research reports. 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 note on Tuesday, November 18th. TD Cowen raised shares of Ovintiv to a “strong-buy” rating in a research report on Monday, February 9th. Stephens raised Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. National Bank Financial upped their price objective on Ovintiv from $56.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Zacks Research lowered Ovintiv from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.72.

Ovintiv Price Performance

Shares of NYSE OVV opened at $49.30 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.45. Ovintiv has a 1-year low of $29.80 and a 1-year high of $51.60. The business has a 50-day moving average of $42.37 and a 200-day moving average of $40.69. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.82 and a beta of 0.78.

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

Ovintiv Dividend Announcement

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

Insider Transactions at Ovintiv

In related news, COO Gregory Dean Givens sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 105,867 shares in the company, valued at $4,269,616.11. This trade represents a 32.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OVV. Burney Co. lifted its holdings in Ovintiv by 690.5% in the second quarter. Burney Co. now owns 67,091 shares of the company’s stock worth $2,553,000 after purchasing an additional 58,604 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Ovintiv by 296.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock worth $3,134,000 after buying an additional 59,069 shares in the last quarter. Moody Aldrich Partners LLC lifted its stake in shares of Ovintiv by 152.1% in the 3rd 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. SG Americas Securities LLC boosted its holdings in shares of Ovintiv by 466.2% in the third quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock valued at $5,352,000 after acquiring an additional 109,142 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Ovintiv in the third quarter valued at approximately $1,816,000. Institutional investors own 83.81% of the company’s stock.

Ovintiv News Roundup

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

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.