Should I buy or sell Ovintiv stock right now?

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. View OVV analyst ratings or view top-rated stocks .

What is Ovintiv's stock price target for 2024?

16 Wall Street analysts have issued 12-month price objectives for Ovintiv's stock. Their OVV share price targets range from $39.00 to $75.00. On average, they predict the company's share price to reach $56.61 in the next year. This suggests a possible upside of 33.5% 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 start of the year. Since then, OVV shares have decreased by 16.4% and is now trading at $42.41. View the best growth stocks for 2023 here .

Are investors shorting Ovintiv?

Ovintiv saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 7,400,000 shares, a drop 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 days-to-cover ratio is currently 2.6 days. Currently, 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) released its quarterly earnings data on Tuesday, November, 7th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations 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. Investors 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 dividend yield of 2.83%. 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 many different retail and institutional 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 .

Most-Upgraded StocksMost-Upgraded

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

$42.45

+0.04 (+0.09%)

(As of 09:04 AM ET)

Compare

Today's Range: $42.45
▼
$42.45
50-Day Range: $42.41
▼
$51.26
52-Week Range: $32.07
▼
$52.63

Volume: 37,646 shs
Average Volume: 3.39 million shs
Market Capitalization: $11.58 billion

P/E Ratio: 4.21
Dividend Yield: 2.83%
Price Target: $56.61

Ovintiv MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 33.5% Upside
$56.61 Price Target
Short Interest: Healthy
3.35% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -7.72
Upright™ Environmental Score
News Sentiment: -0.02
Based on 17 Articles This Week
Insider Trading: Selling Shares
$569,140 Sold Last Quarter
Proj. Earnings Growth: 28.25%
From $6.69 to $8.58 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.06 out of 5 stars

Oils/Energy Sector

13th out of 210 stocks

Crude Petroleum & Natural Gas Industry

8th out of 63 stocks

4.3

Analyst's Opinion

Consensus Rating
Ovintiv 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/Downside
According to analysts' consensus price target of $56.61, Ovintiv has a forecasted upside of 33.5% from its current price of $42.41.
Amount of Analyst Coverage
Ovintiv has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.35% of the float of Ovintiv has been sold short.
Short Interest Ratio / Days to Cover
Ovintiv 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 month
Short interest in Ovintiv has recently increased by 7.84%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Ovintiv pays a meaningful dividend of 2.71%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ovintiv has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Ovintiv is 11.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ovintiv 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 Sustainability
The Environmental Impact score for Ovintiv is -7.72.

1.1

News and Social Media Coverage

News Sentiment
Ovintiv has a news sentiment score of -0.02. 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 0.44 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Ovintiv this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 0.91% of the stock of Ovintiv is held by insiders.
Percentage Held by Institutions
98.30% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Ovintiv is 4.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ovintiv is 4.21, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.50.
Price to Earnings Growth Ratio
Ovintiv has a PEG Ratio of 0.51. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Ovintiv has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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.

OVV Stock Price History

30 days | 90 days | 365 days | Advanced Chart

OVV Stock News Headlines

December 5, 2023 | msn.com

Ovintiv top 2024 E&P pick at TD Cowen as leader in free cash flow, capital return

December 5, 2023 | markets.businessinsider.com

Buy Rating on Ovintiv: Undervalued Performance and Growth Potential in the Permian

December 6, 2023 | DTI Trader (Ad)

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December 3, 2023 | americanbankingnews.com

Ovintiv Inc. (NYSE:OVV) Director Sells $569,140.00 in Stock

December 3, 2023 | americanbankingnews.com

Brokerages Set Ovintiv Inc. (NYSE:OVV) Target Price at $56.61

December 3, 2023 | americanbankingnews.com

Seaport Res Ptn Analysts Reduce Earnings Estimates for Ovintiv Inc. (NYSE:OVV)

December 1, 2023 | finance.yahoo.com

Ovintiv Inc Director Steven Nance Sells 13,000 Shares: An Analysis of Insider Activity and ...

December 1, 2023 | americanbankingnews.com

Q2 2024 Earnings Estimate for Ovintiv Inc. (NYSE:OVV) Issued By Seaport Res Ptn

December 6, 2023 | DTI Trader (Ad)

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November 24, 2023 | realmoney.thestreet.com

Ovintiv upgraded to Buy from Neutral at Citi

November 23, 2023 | msn.com

Citigroup Upgrades Ovintiv (OVV)

November 22, 2023 | markets.businessinsider.com

What 6 Analyst Ratings Have To Say About Ovintiv

November 9, 2023 | finance.yahoo.com

Ovintiv Inc. (NYSE:OVV) Q3 2023 Earnings Call Transcript

November 9, 2023 | seekingalpha.com

Ovintiv Inc. (OVV) Q3 2023 Earnings Call Transcript

November 8, 2023 | seekingalpha.com

Ovintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)

November 8, 2023 | msn.com

Ovintiv raises full-year output guidance on faster than expected Permian integration

November 6, 2023 | benzinga.com

Earnings Outlook For Ovintiv

November 6, 2023 | finance.yahoo.com

Why Ovintiv (OVV) Might Surprise This Earnings Season

October 29, 2023 | fool.com

Ovintiv (TSX: OVV)

October 20, 2023 | markets.businessinsider.com

Wells Fargo Reaffirms Their Hold Rating on Ovintiv (OVV)

October 12, 2023 | theglobeandmail.com

Closing Bell: Ovintiv Inc up on Wednesday (OVV)

October 10, 2023 | finance.yahoo.com

Ovintiv to Host its Third Quarter 2023 Results Conference Call and Webcast on November 8, 2023

October 6, 2023 | markets.businessinsider.com

Ovintiv (OVV) Buy Rating: Anticipated Operational Efficiency, Capital Management, and 2024 Outlook – An Analysis by Lloyd Byrne

September 27, 2023 | finance.yahoo.com

What's Driving Ovintiv Inc's Surprising 34% Stock Rally?

September 27, 2023 | seekingalpha.com

Ovintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024

September 14, 2023 | finance.yahoo.com

Ovintiv Inc (OVV): A Comprehensive Look at Its Dividend Performance and Sustainability

September 11, 2023 | finance.yahoo.com

Ovintiv Announces Secondary Offering of Common Stock by a Selling Stockholder

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/07/2023
Today: 12/06/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/26/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:OVV
CUSIP: N/A
CIK: 1792580
Web: www.ovintiv.com
Phone: 303-623-2300
Fax: 303-623-2400
Employees: 1,744
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $56.61
High Stock Price Target: $75.00
Low Stock Price Target: $39.00
Potential Upside/Downside: +33.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.08
Trailing P/E Ratio: 4.21
Forward P/E Ratio: 6.34
P/E Growth: 0.51
Net Income: $3.64 billion
Net Margins: 23.46%
Pretax Margin: 23.36%
Return on Equity: 16.15%
Return on Assets: 7.99%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 0.45
Quick Ratio: 0.45

Sales & Book Value

Annual Sales: $12.46 billion
Price / Sales: 0.93
Cash Flow: $11.25 per share
Price / Cash Flow: 3.77
Book Value: $31.29 per share
Price / Book: 1.36

Miscellaneous

Outstanding Shares: 272,900,000
Free Float: 270,419,000
Market Cap: $11.57 billion
Optionable: Optionable
Beta: 2.61

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Key Executives

Mr. Brendan Michael McCracken (Age 47)
President, CEO & Director
Comp: $2.92M
Mr. Corey Douglas Code (Age 49)
Executive VP & CFO
Comp: $1.14M
Mr. Gregory Dean Givens (Age 50)
Executive VP & COO
Comp: $1.39M
Ms. Renee E. Zemljak (Age 58)
Executive Vice President of Midstream, Marketing & Fundamentals
Comp: $1.05M
Ms. Rachel Maureen Moore CHRP (Age 51)
Executive Vice President of Corporate Services
Comp: $809.56k
Mr. Stephen Carter Campbell (Age 54)
Senior Vice President of Investor Relations
Ms. Meghan Nicole Eilers (Age 41)
Executive VP, General Counsel & Corporate Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

OVV Stock Analysis - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?: 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.
View OVV analyst ratings or view top-rated stocks.
What is Ovintiv's stock price target for 2024?: 16 Wall Street analysts have issued 12-month price objectives for Ovintiv's stock. Their OVV share price targets range from $39.00 to $75.00. On average, they predict the company's share price to reach $56.61 in the next year. This suggests a possible upside of 33.5% 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 start of the year. Since then, OVV shares have decreased by 16.4% and is now trading at $42.41.
View the best growth stocks for 2023 here.
Are investors shorting Ovintiv?: Ovintiv saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 7,400,000 shares, a drop 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 days-to-cover ratio is currently 2.6 days. Currently, 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) released its quarterly earnings data on Tuesday, November, 7th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by $0.01. The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations 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. Investors 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 dividend yield of 2.83%. 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 many different retail and institutional 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 12/6/2023 by MarketBeat.com Staff

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

Ovintiv MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Ovintiv Stock (NYSE:OVV)

OVV Stock Price History

OVV Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

OVV Stock Analysis - Frequently Asked Questions

Overall MarketRank^™