Ovintiv (OVV) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OVV shares.
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16 Wall Street research analysts have issued 1 year price targets for Ovintiv's shares. Their OVV share price forecasts range from $39.00 to $79.00. On average, they anticipate the company's share price to reach $56.89 in the next year. This suggests a possible upside of 25.9% from the stock's current price.
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Ovintiv's stock was trading at $50.71 at the start of the year. Since then, OVV shares have decreased by 10.9% and is now trading at $45.20.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our OVV earnings forecast.

Ovintiv Inc. (NYSE:OVV) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.11 billion. Ovintiv had a trailing twelve-month return on equity of 16.27% and a net margin of 28.27%.

Ovintiv declared a quarterly dividend on Thursday, July 27th. Shareholders of record on Friday, September 15th will be given a dividend of $0.30 per share on Friday, September 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, September 14th.
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).

Ovintiv (NYSE:OVV) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.65%. 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 9.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 15.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OVV.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "OVV."

Ovintiv's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.77%), EnCap Energy Capital Fund XI L.P. (5.37%), EnCap Energy Capital Fund X L.P. (3.65%), State Street Corp (3.56%), EnCap Energy Capital Fund IX L.P. (2.58%) and Hotchkis & Wiley Capital Management LLC (2.25%). Insiders that own company stock include Howard John Mayson, Joanne Linette Alexander, Katherine Lucas Minyard, Rachel Maureen Moore, Renee Ellen Zemljak, Steven W Nance and Thomas G Ricks.
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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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One share of OVV stock can currently be purchased for approximately $45.20.

Ovintiv (NYSE:OVV) has a market capitalization of $12.38 billion and generates $12.46 billion in revenue each year. The company earns $3.64 billion in net income (profit) each year or $13.24 on an earnings per share basis.

The company employs 1,744 workers across the globe.

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.