Ovintiv Inc. (NYSE:OVV) Stock Has Consensus Target Price of $70.45 According to Brokerages

Key Points

• Analysts maintain a moderately bullish view of Ovintiv: 20 of 25 analysts rate the stock a buy, one rates it a strong buy and four recommend holding. The consensus 12-month price target is $70.45.
• Recent research has generally been positive, including RBC’s target increase to $90 and Truist’s increase to $77, although some firms remain neutral and cite midstream headwinds and uncertainty.
• Ovintiv traded near its 52-week high at $66.67 and pays a quarterly dividend of $0.30 per share, equivalent to a 1.8% yield. Its latest earnings missed estimates on EPS, despite revenue exceeding forecasts.

Shares of Ovintiv Inc. (NYSE:OVV - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-five analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $70.45.

A number of research analysts recently issued reports on the company. Stifel Nicolaus set a $92.00 price target on Ovintiv and gave the company a "buy" rating in a report on Wednesday, September 9th. Wall Street Zen raised shares of Ovintiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 3rd. Truist Financial increased their price objective on shares of Ovintiv from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Monday. Seaport Research Partners initiated coverage on shares of Ovintiv in a research report on Thursday, September 3rd. They issued a "neutral" rating for the company. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Ovintiv from $65.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, October 9th.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: RBC raised its price target to $90 from $85 and maintained an “Outperform” rating. The new target implies substantial upside from recent trading levels, reflecting confidence in Ovintiv’s operating outlook. RBC Raises Price Target on Ovintiv to $90 From $85, Keeps Outperform Rating
• Positive Sentiment: RBC said Ovintiv’s Permian operations support its free-cash-flow outlook. Strong performance in the Permian basin could bolster cash generation and improve the company’s ability to return capital or reduce debt. Ovintiv's Permian Operations Support Free Cash Flow Outlook, RBC Says
• Positive Sentiment: UBS expects Ovintiv to deliver a positive update despite midstream headwinds. The assessment suggests the company’s core production and financial performance may offset challenges in its midstream operations. Ovintiv Seen Posting Positive Update Despite Midstream Headwinds, UBS Says
• Neutral Sentiment: Zacks Research made mixed earnings revisions. It raised estimates for 2026 and several 2027 periods, including FY2027 EPS to $5.49 from $5.24, but lowered Q1 2028, Q3 2028 and FY2028 forecasts. Zacks continues to rate OVV “Hold,” indicating limited conviction despite the near-term increases.
• Neutral Sentiment: Analyst opinion remains divided on Ovintiv. Conflicting views on the stock suggest that investors may focus closely on commodity prices, production results and upcoming company updates before extending the recent advance. Analysts Conflicted on These Energy Names: Phillips 66 and Ovintiv

Ovintiv Price Performance

Ovintiv stock opened at $66.67 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $18.37 billion, a P/E ratio of 18.83 and a beta of 0.65. The business's fifty day moving average is $63.28 and its two-hundred day moving average is $59.41. Ovintiv has a 52 week low of $35.47 and a 52 week high of $67.51.

Ovintiv (NYSE:OVV - Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.94 by ($0.20). Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.37 billion. Equities research analysts forecast that Ovintiv will post 7.28 earnings per share for the current fiscal year.

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, September 15th. Ovintiv's dividend payout ratio is presently 33.90%.

Insider Activity at Ovintiv

In other news, EVP Rachel Moore sold 7,753 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total transaction of $490,919.96. Following the sale, the executive vice president directly owned 72,530 shares of the company's stock, valued at $4,592,599.60. This represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Krilogy Financial LLC raised its position in shares of Ovintiv by 6.2% during the third quarter. Krilogy Financial LLC now owns 11,478 shares of the company's stock worth $664,000 after acquiring an additional 673 shares during the last quarter. Affinity Capital Advisors LLC acquired a new position in shares of Ovintiv during the third quarter valued at $204,000. Fragasso Financial Advisors Inc acquired a new position in shares of Ovintiv during the third quarter valued at $204,000. Wedmont Private Capital boosted its holdings in Ovintiv by 9.4% in the third quarter. Wedmont Private Capital now owns 4,323 shares of the company's stock valued at $274,000 after acquiring an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Ovintiv by 8.3% in the third quarter. GAMMA Investing LLC now owns 13,982 shares of the company's stock valued at $808,000 after acquiring an additional 1,077 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

About Ovintiv

Ovintiv Inc NYSE: OVV is an energy company engaged in the exploration, development, production and operation of oil and natural gas properties. Its production includes crude oil, condensate, plant condensate, natural gas liquids and natural gas.

The company's operations are concentrated in North America, with core assets in the Permian Basin, Uinta Basin and Anadarko Basin in the United States, as well as the Montney region in western Canada. Ovintiv also owns and operates related processing, gathering and other midstream infrastructure that supports the production and transportation of its energy products.

Ovintiv was formerly known as Encana Corporation and adopted its current name in 2020.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.