Most-Upgraded StocksMost-Upgraded Ovintiv Stock Price, News & Analysis (NYSE:OVV) $44.20 -0.14 (-0.32%) (As of 12/1/2023 ET) Add Compare Share Share Today's Range$43.86▼$45.1050-Day Range$43.85▼$51.2652-Week Range$32.07▼$56.98Volume2.91 million shsAverage Volume2.85 million shsMarket Capitalization$12.06 billionP/E Ratio4.38Dividend Yield2.71%Price Target$56.61 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Ovintiv MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside28.1% Upside$56.61 Price TargetShort InterestHealthy3.35% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-7.72Upright™ Environmental ScoreNews Sentiment-0.36Based on 9 Articles This WeekInsider TradingSelling Shares$569,140 Sold Last QuarterProj. Earnings Growth28.25%From $6.69 to $8.58 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.3.04 out of 5 starsOils/Energy Sector19th out of 242 stocksCrude Petroleum & Natural Gas Industry11th out of 76 stocks 4.3 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.61, Ovintiv has a forecasted upside of 28.1% from its current price of $44.20.Amount of Analyst CoverageOvintiv has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.35% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently increased by 7.84%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.71%, 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 11.90%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ovintiv will have a dividend payout ratio of 13.99% 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 -118.10% net impact score from Upright. The largest negative impact of Ovintiv in category "GHG emissions" seems to be driven mostly by its "Oil trade", "Conventional crude oil", "Natural gas drilling services", and "Oil well natural gas" products. See details.Environmental SustainabilityThe Environmental Impact score for Ovintiv is -7.72. Previous Next 0.9 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of -0.36. 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 lower news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Ovintiv this week, compared to 4 articles on an average week.Search InterestOnly 5 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $569,140.00 in company stock.Percentage Held by InsidersOnly 1.70% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions98.30% 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 4.4 Earnings and Valuation Earnings GrowthEarnings for Ovintiv are expected to grow by 28.25% in the coming year, from $6.69 to $8.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 4.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 4.38, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.06.Price to Earnings Growth RatioOvintiv has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.26. 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 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. 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 northwest 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 OVV Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Stock News HeadlinesDecember 1, 2023 | finance.yahoo.comOvintiv Inc Director Steven Nance Sells 13,000 Shares: An Analysis of Insider Activity and ...December 1, 2023 | americanbankingnews.comQ2 2024 Earnings Estimate for Ovintiv Inc. (NYSE:OVV) Issued By Seaport Res PtnDecember 2, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 24, 2023 | realmoney.thestreet.comOvintiv upgraded to Buy from Neutral at CitiNovember 24, 2023 | americanbankingnews.comZacks Research Brokers Raise Earnings Estimates for Ovintiv Inc. (NYSE:OVV)November 23, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) Upgraded to "Buy" by CitigroupNovember 23, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) Price Target Cut to $49.00November 23, 2023 | msn.comCitigroup Upgrades Ovintiv (OVV)December 2, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 23, 2023 | americanbankingnews.comOvintiv Target of Unusually Large Options Trading (NYSE:OVV)November 22, 2023 | markets.businessinsider.comWhat 6 Analyst Ratings Have To Say About OvintivNovember 9, 2023 | finance.yahoo.comOvintiv Inc. (NYSE:OVV) Q3 2023 Earnings Call TranscriptNovember 9, 2023 | seekingalpha.comOvintiv Inc. (OVV) Q3 2023 Earnings Call TranscriptNovember 8, 2023 | seekingalpha.comOvintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)November 8, 2023 | msn.comOvintiv raises full-year output guidance on faster than expected Permian integrationNovember 6, 2023 | benzinga.comEarnings Outlook For OvintivNovember 6, 2023 | finance.yahoo.comWhy Ovintiv (OVV) Might Surprise This Earnings SeasonOctober 29, 2023 | fool.comOvintiv (TSX: OVV)October 20, 2023 | markets.businessinsider.comWells Fargo Reaffirms Their Hold Rating on Ovintiv (OVV)October 12, 2023 | theglobeandmail.comClosing Bell: Ovintiv Inc up on Wednesday (OVV)October 10, 2023 | finance.yahoo.comOvintiv to Host its Third Quarter 2023 Results Conference Call and Webcast on November 8, 2023October 6, 2023 | markets.businessinsider.comOvintiv (OVV) Buy Rating: Anticipated Operational Efficiency, Capital Management, and 2024 Outlook – An Analysis by Lloyd ByrneSeptember 27, 2023 | finance.yahoo.comWhat's Driving Ovintiv Inc's Surprising 34% Stock Rally?September 27, 2023 | seekingalpha.comOvintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024September 14, 2023 | finance.yahoo.comOvintiv Inc (OVV): A Comprehensive Look at Its Dividend Performance and SustainabilitySeptember 11, 2023 | finance.yahoo.comOvintiv Announces Secondary Offering of Common Stock by a Selling StockholderSeptember 1, 2023 | markets.businessinsider.comOvintiv (OVV) Gets a Hold from Wells FargoSee More Headlines 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 Company Calendar Ex-Dividend for 9/29 Dividend9/14/2023Dividend Payable9/29/2023Last Earnings11/07/2023Today12/01/2023Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/26/2024Get 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 Target$56.61 High Stock Price Target$75.00 Low Stock Price Target$39.00 Potential Upside/Downside+28.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)$10.08 Trailing P/E Ratio4.38 Forward P/E Ratio6.60 P/E Growth0.51Net Income$3.64 billion Net Margins23.46% Pretax Margin23.36% Return on Equity16.15% Return on Assets7.99% Debt Debt-to-Equity Ratio0.57 Current Ratio0.45 Quick Ratio0.45 Sales & Book Value Annual Sales$12.46 billion Price / Sales0.97 Cash Flow$11.82 per share Price / Cash Flow3.74 Book Value$35.00 per share Price / Book1.26Miscellaneous Outstanding Shares272,900,000Free Float268,263,000Market Cap$12.06 billion OptionableOptionable Beta2.74 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 47)President, CEO & Director Comp: $2.92MMr. Corey Douglas Code (Age 49)Executive VP & CFO Comp: $1.14MMr. Gregory Dean Givens (Age 50)Executive VP & COO Comp: $1.39MMs. Renee E. Zemljak (Age 58)Executive Vice President of Midstream, Marketing & Fundamentals Comp: $1.05MMs. Rachel Maureen Moore CHRP (Age 51)Executive Vice President of Corporate Services Comp: $809.56kMr. Stephen Carter Campbell (Age 54)Senior Vice President of Investor Relations Ms. Meghan Nicole Eilers (Age 41)Executive VP, General Counsel & Corporate Secretary More ExecutivesKey CompetitorsAPANASDAQ:APAChesapeake EnergyNASDAQ:CHKPermian ResourcesNASDAQ:PRMarathon OilNYSE:MRORange ResourcesNYSE:RRCView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 1,005,836 shares on 12/1/2023Ownership: 1.386%B. Riley Wealth Advisors Inc.Bought 8,329 shares on 12/1/2023Ownership: 0.003%American Century Companies Inc.Bought 40,268 shares on 11/30/2023Ownership: 0.079%Steven W NanceSold 13,000 sharesTotal: $569,140.00 ($43.78/share)Deutsche Bank AGBought 23,719 shares on 11/24/2023Ownership: 0.142%View All Insider TransactionsView All Institutional Transactions OVV Stock Analysis - Frequently Asked Questions Should I buy or sell Ovintiv stock right now? 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. What is Ovintiv's stock price target for 2024? 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. 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 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. Are investors shorting Ovintiv? 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. When is Ovintiv's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, February 26th 2024. View our OVV earnings forecast. How were Ovintiv's earnings last quarter? 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%. How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv? 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. 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 2.71%. 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. What ETFs hold Ovintiv's stock? 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). 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 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. 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. This page (NYSE:OVV) was last updated on 12/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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