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NYSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

$48.37
-0.23 (-0.47%)
(As of 06/12/2024 ET)
Today's Range
$48.11
$49.49
50-Day Range
$47.51
$55.56
52-Week Range
$34.50
$55.95
Volume
2.56 million shs
Average Volume
2.96 million shs
Market Capitalization
$12.91 billion
P/E Ratio
6.76
Dividend Yield
2.48%
Price Target
$58.06

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
20.0% Upside
$58.06 Price Target
Short Interest
Healthy
2.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.65
Upright™ Environmental Score
News Sentiment
0.90mentions of Ovintiv in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$4.69 M Sold Last Quarter
Proj. Earnings Growth
12.36%
From $6.15 to $6.91 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Oils/Energy Sector

37th out of 235 stocks

Crude Petroleum & Natural Gas Industry

14th out of 73 stocks

OVV stock logo

About Ovintiv Stock (NYSE:OVV)

Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. 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.

OVV Stock Price History

OVV Stock News Headlines

Ovintiv Inc. (NYSE:OVV) Plans Quarterly Dividend of $0.30
Ovintiv (NYSE:OVV) Price Target Raised to $66.00 at TD Cowen
Deep Dive Into Ovintiv Stock: Analyst Perspectives (12 Ratings)
Ovintiv Announces Results of Annual Meeting
Tesla bounces back, SoFi down on Q2 forecast: Market check
Ovintiv Inc.
Unveiling 4 Analyst Insights On Ovintiv
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Last Earnings
5/07/2024
Today
6/12/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
1,743
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$58.06
High Stock Price Target
$70.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+20.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$2.09 billion
Pretax Margin
21.76%

Debt

Sales & Book Value

Annual Sales
$10.88 billion
Cash Flow
$13.24 per share
Book Value
$38.00 per share

Miscellaneous

Free Float
264,391,000
Market Cap
$12.87 billion
Optionable
Optionable
Beta
2.58
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OVV Stock Analysis - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OVV shares.
View OVV analyst ratings
or view top-rated stocks.

What is Ovintiv's stock price target for 2024?

14 equities research analysts have issued 1 year target prices for Ovintiv's shares. Their OVV share price targets range from $39.00 to $70.00. On average, they predict the company's share price to reach $58.06 in the next year. This suggests a possible upside of 20.0% 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 2024?

Ovintiv's stock was trading at $43.92 at the start of the year. Since then, OVV shares have increased by 10.1% and is now trading at $48.37.
View the best growth stocks for 2024 here
.

Are investors shorting Ovintiv?

Ovintiv saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 6,950,000 shares, an increase of 73.3% from the May 15th total of 4,010,000 shares. Based on an average daily volume of 2,940,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.6% of the shares of the stock are sold short.
View Ovintiv's Short Interest
.

When is Ovintiv's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (NYSE:OVV) posted its quarterly earnings data on Tuesday, May, 7th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.12. The company earned $2.35 billion during the quarter, compared to analyst estimates of $2.58 billion. Ovintiv had a net margin of 18.12% and a trailing twelve-month return on equity of 17.74%.

How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv?

Ovintiv announced a quarterly dividend on Tuesday, May 7th. Shareholders of record on Friday, June 14th will be given a dividend of $0.30 per share on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Friday, June 14th.
Read our dividend analysis for OVV
.

Is Ovintiv a good dividend stock?

Ovintiv (NYSE:OVV) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.47%. 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 16.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 17.37% 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

Who are Ovintiv's major shareholders?

Ovintiv's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.43%), Bank of New York Mellon Corp (1.17%), Westfield Capital Management Co. LP (0.51%), Principal Financial Group Inc. (0.37%), Twin Tree Management LP (0.00%) and Swiss National Bank (0.29%). Insiders that own company stock include Howard John Mayson, Katherine Lucas Minyard, Meghan Nicole Eilers, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OVV) was last updated on 6/13/2024 by MarketBeat.com Staff

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