Ovintiv Stock Price, News & Analysis (NYSE:OVV)

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" OVV shares.
View OVV analyst ratings or view top-rated stocks.

16 equities research analysts have issued 12-month target prices for Ovintiv's stock. Their OVV share price targets range from $39.00 to $75.00. On average, they expect the company's share price to reach $56.61 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
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Ovintiv's stock was trading at $50.71 on January 1st, 2023. Since then, OVV stock has decreased by 12.8% and is now trading at $44.20.
View the best growth stocks for 2023 here.

Ovintiv saw a decrease in short interest in October. As of October 31st, there was short interest totaling 7,400,000 shares, a decrease of 19.8% from the October 15th total of 9,230,000 shares. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.1% of the shares of the company are sold short.
View Ovintiv's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024.
View our OVV earnings forecast.

Ovintiv Inc. (NYSE:OVV) issued its quarterly earnings data on Tuesday, November, 7th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.75 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. Ovintiv had a trailing twelve-month return on equity of 16.15% and a net margin of 23.46%.

Ovintiv announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Friday, December 15th will be given a dividend of $0.30 per share on Friday, December 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for OVV.

Ovintiv (NYSE:OVV) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.71%. 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 11.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 13.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OVV.

ETFs with the largest weight of Ovintiv (NYSE:OVV) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), First Trust Energy AlphaDEX Fund (FXN), Proshares Equities For Rising Rates ETF (EQRR), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), AXS Astoria Inflation Sensitive ETF (PPI), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) and Euclidean Fundamental Value ETF (ECML).

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

Ovintiv's stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (8.38%), Smead Capital Management Inc. (2.02%), EnCap Energy Capital Fund X L.P. (1.93%), Wellington Management Group LLP (1.39%), EnCap Energy Capital Fund IX L.P. (1.36%) and Bank of New York Mellon Corp (1.11%). Insiders that own company stock include Howard John Mayson, Joanne Linette Alexander, Katherine Lucas Minyard, Renee Ellen Zemljak, Steven W Nance and Thomas G Ricks.
View institutional ownership trends.

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.
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