NYSE:OVV Ovintiv (OVV) Stock Forecast, Price & News $38.16 +1.70 (+4.66%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$36.66▼$38.4350-Day Range$32.08▼$40.3852-Week Range$32.07▼$63.30Volume4.31 million shsAverage Volume3.31 million shsMarket Capitalization$9.33 billionP/E Ratio2.23Dividend Yield2.62%Price Target$60.05 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ovintiv MarketRank™ ForecastAnalyst RatingModerate Buy2.59 Rating ScoreUpside/Downside57.3% Upside$60.05 Price TargetShort InterestHealthy3.19% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-8.33Upright™ Environmental ScoreNews Sentiment1.06Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth10.72%From $7.74 to $8.57 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.09 out of 5 starsOils/Energy Sector17th out of 240 stocksCrude Petroleum & Natural Gas Industry11th out of 77 stocks 4.3 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Buy. The company's average rating score is 2.59, and is based on 10 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.05, Ovintiv has a forecasted upside of 57.3% from its current price of $38.17.Amount of Analyst CoverageOvintiv has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.19% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently increased by 1.71%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.78%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOvintiv has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Ovintiv is 5.84%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ovintiv will have a dividend payout ratio of 11.67% next year. This indicates that Ovintiv will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOvintiv has received a -119.07% net impact score from Upright. The largest negative impact of Ovintiv in category "GHG emissions" seems to be driven mostly by its "Oil drilling services", "Conventional crude oil", and "Natural gas drilling services" products. See details.Environmental SustainabilityThe Environmental Impact score for Ovintiv is -8.33. Previous Next 3.4 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of 1.06. 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 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Ovintiv this week, compared to 6 articles on an average week.Search Interest26 people have searched for OVV on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows5 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ovintiv insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.91% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions76.76% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Ovintiv are expected to grow by 10.72% in the coming year, from $7.74 to $8.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 2.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.84.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 2.23, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 51.53.Price to Earnings Growth RatioOvintiv has a PEG Ratio of 0.32. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ovintiv (NYSE:OVV) StockOvintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.Read More Receive OVV Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ovintiv and its competitors with MarketBeat's FREE daily newsletter. Email Address OVV Stock News HeadlinesJune 7, 2023 | finance.yahoo.comImplied Volatility Surging for Ovintiv (OVV) Stock OptionsJune 7, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) Shares Gap Up to $35.59June 8, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. June 5, 2023 | finance.yahoo.comEstimating The Fair Value Of Ovintiv Inc. (TSE:OVV)May 28, 2023 | americanbankingnews.comOvintiv Inc. to Post Q2 2023 Earnings of $1.13 Per Share, Zacks Research Forecasts (NYSE:OVV)May 25, 2023 | americanbankingnews.comZacks Research Research Analysts Lower Earnings Estimates for Ovintiv Inc. (NYSE:OVV)May 25, 2023 | americanbankingnews.comZacks Research Brokers Reduce Earnings Estimates for Ovintiv Inc. (NYSE:OVV)May 25, 2023 | americanbankingnews.comCIBC Lowers Ovintiv (NYSE:OVV) Price Target to $50.00June 8, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 23, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) PT Lowered to $62.00May 23, 2023 | americanbankingnews.comQ3 2024 Earnings Forecast for Ovintiv Inc. (NYSE:OVV) Issued By Seaport Res PtnMay 22, 2023 | finance.yahoo.comOvintiv (OVV) Q1 Earnings Miss Estimates, Revenues BeatMay 19, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for OvintivMay 19, 2023 | msn.comMizuho Maintains Ovintiv (OVV) Buy RecommendationMay 17, 2023 | americanbankingnews.comBrokerages Set Ovintiv Inc. (NYSE:OVV) Target Price at $60.79May 16, 2023 | americanbankingnews.comOvintiv Inc. to Post Q2 2023 Earnings of $1.57 Per Share, Capital One Financial Forecasts (NYSE:OVV)May 15, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) PT Lowered to $36.00 at Wells Fargo & CompanyMay 13, 2023 | msn.comWells Fargo Maintains Ovintiv (OVV) Equal-Weight RecommendationMay 12, 2023 | msn.comRBC Capital Reiterates Ovintiv (OVV) Sector Perform RecommendationMay 11, 2023 | finance.yahoo.comOvintiv Announces Release of 2022 Sustainability ReportMay 9, 2023 | finance.yahoo.comOvintiv (OVV) Q1 Earnings Lag EstimatesMay 8, 2023 | americanbankingnews.comOvintiv (OVV) Set to Announce Quarterly Earnings on TuesdayApril 26, 2023 | americanbankingnews.comQ1 2023 Earnings Forecast for Ovintiv Inc. (NYSE:OVV) Issued By Zacks ResearchApril 24, 2023 | americanbankingnews.comBrokerages Set Ovintiv Inc. (NYSE:OVV) Target Price at $61.60April 22, 2023 | americanbankingnews.comEquities Analysts Issue Forecasts for Ovintiv Inc.'s Q1 2023 Earnings (NYSE:OVV)April 20, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) Coverage Initiated by Analysts at UBS GroupApril 19, 2023 | seekingalpha.comOvintiv-EnCap Deal Sets Off A Midland Rig FightSee More Headlines OVV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Company Calendar Last Earnings11/02/2021Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Today6/08/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:OVV CUSIPN/A CIK1792580 Webwww.ovintiv.com Phone303-623-2300Fax303-623-2400Employees1,744Year FoundedN/APrice Target and Rating Average Stock Price Forecast$60.05 High Stock Price Forecast$115.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+57.3%Consensus RatingModerate Buy Rating Score (0-4)2.59 Research Coverage17 Analysts Profitability EPS (Most Recent Fiscal Year)$17.11 Trailing P/E Ratio2.23 Forward P/E Ratio4.93 P/E Growth0.32Net Income$3.64 billion Net Margins33.45% Pretax Margin33.87% Return on Equity23.98% Return on Assets11.27% Debt Debt-to-Equity Ratio0.40 Current Ratio0.53 Quick Ratio0.53 Sales & Book Value Annual Sales$12.46 billion Price / Sales0.75 Cash Flow$12.43 per share Price / Cash Flow3.07 Book Value$31.29 per share Price / Book1.22Miscellaneous Outstanding Shares244,520,000Free Float242,299,000Market Cap$9.33 billion OptionableOptionable Beta2.79 Key ExecutivesMr. Brendan Michael McCracken (Age 46)Pres, CEO & Director Comp: $2.6MMr. Corey Douglas Code (Age 48)Exec. VP & CFO Comp: $1.02MMr. Gregory Dean Givens (Age 49)Exec. VP & COO Comp: $1.33MMs. Renee E. Zemljak (Age 57)Exec. VP of Midstream, Marketing & Fundamentals Comp: $1.24MMr. Stephen Carter Campbell (Age 53)Sr. VP of Investor Relations Meghan Nicole EilersExec. VP, Gen. Counsel & Corp. Sec.Ms. Rachel Maureen Moore CHRP (Age 50)Exec. VP of Corp. Services Jason VerhaestVP of Investor RelationsMore ExecutivesKey CompetitorsSasolNYSE:SSLAPANASDAQ:APAChesapeake EnergyNASDAQ:CHKRange ResourcesNYSE:RRCAntero ResourcesNYSE:ARView All CompetitorsInsiders & InstitutionsEP Wealth Advisors LLCBought 2,392 shares on 6/5/2023Ownership: 0.001%Prelude Capital Management LLCBought 10,636 shares on 6/1/2023Ownership: 0.004%ProShare Advisors LLCSold 19,226 shares on 5/26/2023Ownership: 0.012%Toroso Investments LLCBought 10,869 shares on 5/23/2023Ownership: 0.008%Ameriprise Financial Inc.Sold 188,679 shares on 5/22/2023Ownership: 0.028%View All Insider TransactionsView All Institutional Transactions OVV Stock - Frequently Asked Questions Should I buy or sell Ovintiv stock right now? 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OVV shares. View OVV analyst ratings or view top-rated stocks. What is Ovintiv's stock price forecast for 2023? 17 equities research analysts have issued 1-year price objectives for Ovintiv's shares. Their OVV share price forecasts range from $36.00 to $115.00. On average, they predict the company's stock price to reach $60.05 in the next twelve months. This suggests a possible upside of 57.3% from the stock's current price. View analysts price targets for OVV or view top-rated stocks among Wall Street analysts. How have OVV shares performed in 2023? Ovintiv's stock was trading at $50.71 at the beginning of the year. Since then, OVV shares have decreased by 24.7% and is now trading at $38.1650. View the best growth stocks for 2023 here. When is Ovintiv's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our OVV earnings forecast. How were Ovintiv's earnings last quarter? Ovintiv Inc. (NYSE:OVV) announced its earnings results on Tuesday, November, 2nd. The company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $2.05 billion. Ovintiv had a trailing twelve-month return on equity of 23.98% and a net margin of 33.45%. During the same quarter in the prior year, the business earned ($0.03) EPS. How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv? Ovintiv declared a quarterly dividend on Sunday, April 2nd. Stockholders of record on Thursday, June 15th will be given a dividend of $0.30 per share on Friday, June 30th. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from the stock's previous quarterly dividend of $0.25. Read our dividend analysis for OVV. What ETFs hold Ovintiv's stock? ETFs with the largest weight of Ovintiv (NYSE:OVV) stock in their portfolio include WisdomTree U.S. Value Fund (WTV), Invesco DWA Energy Momentum ETF (PXI), First Trust Energy AlphaDEX Fund (FXN), First Trust Natural Gas ETF (FCG), AXS Astoria Inflation Sensitive ETF (PPI), Invesco Dynamic Energy Exploration & Production ETF (PXE), iShares Focused Value Factor ETF (FOVL) and Alpha Architect U.S. Quantitative Value ETF (QVAL). Is Ovintiv a good dividend stock? Ovintiv (NYSE:OVV) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.78%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 11.67% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for OVV. What other stocks do shareholders of Ovintiv own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ovintiv investors own include Johnson & Johnson (JNJ), Exxon Mobil (XOM), American Airlines Group (AAL), General Electric (GE), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Delta Air Lines (DAL), Walt Disney (DIS) and What is Ovintiv's stock symbol? Ovintiv trades on the New York Stock Exchange (NYSE) under the ticker symbol "OVV." Who are Ovintiv's major shareholders? Ovintiv's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dodge & Cox (11.11%), FMR LLC (9.34%), BlackRock Inc. (7.21%), State Street Corp (2.87%), Hotchkis & Wiley Capital Management LLC (2.49%) and Smead Capital Management Inc. (1.80%). Insiders that own company stock include Douglas James Suttles, Howard John Mayson, Joanne Linette Alexander, Katherine Lucas Minyard, Rachel Maureen Moore, Renee Ellen Zemljak, Steven W Nance and Thomas G Ricks. View institutional ownership trends. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Ovintiv's stock price today? One share of OVV stock can currently be purchased for approximately $38.17. How much money does Ovintiv make? Ovintiv (NYSE:OVV) has a market capitalization of $9.33 billion and generates $12.46 billion in revenue each year. The company earns $3.64 billion in net income (profit) each year or $17.11 on an earnings per share basis. How many employees does Ovintiv have? The company employs 1,744 workers across the globe. How can I contact Ovintiv? Ovintiv's mailing address is 370 - 17TH STREET SUITE 1700, DENVER CO, 80202. The official website for the company is www.ovintiv.com. The company can be reached via phone at 303-623-2300, via email at investor.relations@ovintiv.com, or via fax at 303-623-2400. This page (NYSE:OVV) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ovintiv Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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