Ovintiv (OVV) Stock Price, News & Analysis

Company Overview

Ovintiv Inc., listed on the New York Stock Exchange under the symbol OVV, is a North American exploration and production company headquartered in Denver, Colorado. The firm focuses on the development, production and marketing of natural gas, crude oil and natural gas liquids. With an operational footprint spanning key onshore resource plays in the United States and Canada, Ovintiv leverages vertical integration of midstream and marketing activities to deliver hydrocarbons to domestic and international end users.

The company’s upstream activities span exploration, drilling, completion and production across a portfolio of core asset areas. In the United States, Ovintiv holds positions in the Delaware Basin of the Permian region, the Eagle Ford in South Texas, the Anadarko and Williston basins, and the Marcellus and Utica shales. In Canada, its operations include the Montney formation in Alberta and northeastern British Columbia. Through joint ventures and strategic partnerships, Ovintiv manages gathering, processing and transportation infrastructure to optimize throughput, reduce costs and enhance reliability.

Ovintiv’s corporate history dates back to the formation of EnCana Corporation in 2009 following a series of mergers and spin-offs among Canadian energy companies. In August 2020, the company rebranded as Ovintiv and relocated its legal headquarters from Calgary to Denver to reflect its predominantly U.S. asset base and to streamline its corporate structure under a single leadership team. The restructuring marked a strategic shift toward prioritizing shareholder returns, operational efficiency and a simplified governance model.

Under the leadership of President and Chief Executive Officer Doug Suttles and Chief Financial Officer David A. Dell, Ovintiv has emphasized capital discipline, free-cash-flow generation and a clear commitment to environmental, social and governance (ESG) objectives. Management has pursued initiatives to reduce greenhouse gas emissions intensity, enhance water stewardship and engage local communities in and around its operating areas. Ovintiv continues to focus on optimizing its asset portfolio, driving technological innovation and maintaining financial flexibility to adapt to market conditions and evolving energy demands.

Key Stats

• Today's Range: $39.80 to $40.35
• 50-Day Range: $33.55 to $41.90
• 52-Week Range: $29.80 to $49.57
• Volume: 1.91 million shs
• Average Volume: 3.34 million shs
• Market Capitalization: $10.40 billion
• P/E Ratio: 17.04
• Dividend Yield: 3.00%
• Price Target: $54.47
• Consensus Rating: Buy

Ovintiv Stock Analysis - MarketRank™

Ovintiv scored higher than 97% of companies evaluated by MarketBeat, and ranked 61st out of 804 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Ovintiv has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ovintiv has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -3.58%

Earnings Growth

Earnings for Ovintiv are expected to decrease by -3.58% in the coming year, from $5.59 to $5.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ovintiv is 17.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ovintiv is 17.04, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 56.97.

Price to Earnings Growth Ratio

Ovintiv has a PEG Ratio of 2.16. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ovintiv has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.54% of the float of Ovintiv has been sold short.

Short Interest Ratio / Days to Cover

Ovintiv has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ovintiv has recently decreased by 18.69%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Ovintiv pays a meaningful dividend of 3.00%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ovintiv has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Ovintiv is 51.06%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ovintiv will have a dividend payout ratio of 22.26% next year. This indicates that Ovintiv will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -7.65

Percentage of Shares Shorted

2.54% of the float of Ovintiv has been sold short.

Short Interest Ratio / Days to Cover

Ovintiv has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ovintiv has recently decreased by 18.69%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.12

News Sentiment

Ovintiv has a news sentiment score of 1.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.72 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Ovintiv this week, compared to 10 articles on an average week.

Search Interest

Only 8 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ovintiv insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.70% of the stock of Ovintiv is held by insiders.

Percentage Held by Institutions

83.81% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OVV Stock Analysis - Frequently Asked Questions

How have OVV shares performed this year?

Ovintiv's stock was trading at $40.50 on January 1st, 2025. Since then, OVV stock has decreased by 1.1% and is now trading at $40.04.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (NYSE:OVV) issued its quarterly earnings data on Tuesday, May, 6th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.20 by $0.22. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.23 billion. Ovintiv had a trailing twelve-month return on equity of 14.89% and a net margin of 6.84%.
Read the conference call transcript.

How do I buy shares of Ovintiv?

Shares of OVV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Ovintiv own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ovintiv investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), GE Aerospace (GE), Adobe (ADBE) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 5/06/2025
• Record date for 6/30 Dividend: 6/13/2025
• Ex-Dividend for 6/30 Dividend: 6/13/2025
• Dividend Payable: 6/30/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 7/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: OIL - C$ EXP&PROD
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:OVV
• CIK: 1792580
• Web: www.ovintiv.com
• Phone: 303-623-2300
• Fax: 303-623-2400
• Employees: 1,623
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $54.47
• High Stock Price Target: $65.00
• Low Stock Price Target: $41.00
• Potential Upside/Downside: +36.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 17 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.35
• Trailing P/E Ratio: 17.04
• Forward P/E Ratio: 7.16
• P/E Growth: 2.16
• Net Income: $1.13 billion
• Net Margins: 6.84%
• Pretax Margin: 7.95%
• Return on Equity: 14.89%
• Return on Assets: 7.85%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 0.43
• Quick Ratio: 0.43

Sales & Book Value

• Annual Sales: $9.15 billion
• Price / Sales: 1.14
• Cash Flow: $14.77 per share
• Price / Cash Flow: 2.71
• Book Value: $39.67 per share
• Price / Book: 1.01

Miscellaneous

• Outstanding Shares: 259,820,000
• Free Float: 255,398,000
• Market Cap: $10.40 billion
• Optionable: Optionable
• Beta: 1.08