Ovintiv (OVV) Stock Price, News & Analysis

Company Overview

Ovintiv Inc. is an independent North American energy company engaged primarily in the exploration, development, production and acquisition of oil, condensate, natural gas liquids and natural gas. Its portfolio is focused on unconventional, or shale, resource plays, with operations designed to produce a mix of higher-value liquids and natural gas.

The company’s principal assets are located in the United States and Canada. Its U.S. operations include positions in the Permian Basin of west Texas and New Mexico, the Uinta Basin of Utah and the Anadarko Basin of Oklahoma, while its Canadian operations include properties in Alberta’s Montney and Duvernay formations. Ovintiv also markets and optimizes the sale and transportation of its production through connections to North American energy infrastructure.

Ovintiv was formerly known as Encana Corporation, a name associated with the company’s formation through the 2002 combination of Alberta Energy Company and PanCanadian Energy Corporation. In 2020, Encana changed its name to Ovintiv and relocated its corporate headquarters from Calgary, Alberta, to Denver, Colorado. The company is led by a management team overseen by a board of directors and is listed on the New York Stock Exchange under the symbol OVV.

Key Stats

• Today's Range: $62.79 to $64.05
• 50-Day Range: $53.31 to $66.87
• 52-Week Range: $35.47 to $67.51
• Volume: 2.77 million shs
• Average Volume: 3.17 million shs
• Market Capitalization: $17.53 billion
• P/E Ratio: 17.97
• Dividend Yield: 1.89%
• Price Target: $68.20
• Consensus Rating: Moderate Buy

Ovintiv Stock Analysis - MarketRank™

Ovintiv scored higher than 86% of companies evaluated by MarketBeat, and ranked 43rd out of 250 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: 3.0 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ovintiv has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 1 strong buy rating, 19 buy ratings, 3 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Ovintiv is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Ovintiv has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -11.10%

Earnings Growth

Earnings for Ovintiv are expected to decrease by -11.10% in the coming year, from $7.30 to $6.49 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ovintiv is 17.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 42.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ovintiv is 17.97, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 20.68.

Price to Book Value per Share Ratio

Ovintiv has a P/B Ratio of 1.44. 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

4.11% 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 3.31, 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 6.17%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Ovintiv pays a meaningful dividend of 1.88%, 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 33.90%. 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 18.49% next year. This indicates that Ovintiv will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.8 / 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 0.81 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Ovintiv this week, compared to 8 articles on an average week.

MarketBeat Follows

8 people have added Ovintiv to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ovintiv insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $490,920.00 in company stock.

Percentage Held by Insiders

0.85% 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.

Company Calendar

• Record date for 6/30 Dividend: 6/15/2026
• Ex-Dividend for 6/30 Dividend: 6/15/2026
• Dividend Payable: 6/30/2026
• Last Earnings: 7/23/2026
• Today: 9/13/2026
• Record date for 9/29 Dividend: 9/15/2026
• Ex-Dividend for 9/29 Dividend: 9/15/2026
• Dividend Payable: 9/29/2026
• Next Earnings (Estimated): 11/03/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Energy
• Industry: Oil, Gas & Consumable Fuels
• Sub-Industry: Oil & Gas Exploration & Production
• Current Symbol: NYSE:OVV
• CIK: 1792580
• Web: www.ovintiv.com
• Phone: 303-623-2300
• Fax: 303-623-2400
• Employees: 1,465
• Year Founded: 2002

Price Target and Rating

• Average Price Target for Ovintiv: $68.20
• High Price Target: $92.00
• Low Price Target: $47.00
• Potential Upside/Downside: +7.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 23 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.54
• Trailing P/E Ratio: 17.97
• Forward P/E Ratio: 8.72
• P/E Growth: N/A
• Net Income: $1.24 billion
• Net Margins: 9.43%
• Pretax Margin: 2.83%
• Return on Equity: 14.84%
• Return on Assets: 8.11%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 1.01
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $8.91 billion
• Price / Sales: 1.97
• Cash Flow: $13.57 per share
• Price / Cash Flow: 4.69
• Book Value: $44.20 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 275,500,000
• Free Float: 273,162,000
• Market Cap: $17.53 billion
• Optionable: Optionable
• Beta: 0.53