S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
We Called (ARWR) In Advance, Which Stocks Are Next? (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker

Ovintiv (OVV) Stock Forecast, Price & News

$35.59
+1.50 (+4.40%)
(As of 06/2/2023 ET)
Compare
Today's Range
$34.62
$35.92
50-Day Range
$32.08
$40.38
52-Week Range
$32.07
$63.30
Volume
3.18 million shs
Average Volume
3.07 million shs
Market Capitalization
$8.70 billion
P/E Ratio
2.08
Dividend Yield
3.37%
Price Target
$60.05

Ovintiv MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
68.7% Upside
$60.05 Price Target
Short Interest
Healthy
3.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.33
Upright™ Environmental Score
News Sentiment
0.70mentions of Ovintiv in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.72%
From $7.74 to $8.57 Per Share

Overall MarketRank

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

2.96 out of 5 stars

Oils/Energy Sector

36th out of 248 stocks

Crude Petroleum & Natural Gas Industry

21st out of 79 stocks


OVV stock logo

About Ovintiv (NYSE:OVV) Stock

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. 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 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.

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.

OVV Stock News Headlines

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
CIBC Lowers Ovintiv (NYSE:OVV) Price Target to $50.00
Ovintiv (NYSE:OVV) PT Lowered to $62.00
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
The Latest Analyst Ratings for Ovintiv
Ovintiv (OVV) Q1 Earnings Lag Estimates
Brokerages Set Ovintiv Inc. (NYSE:OVV) Target Price at $61.60
Ovintiv (NYSE:OVV) Coverage Initiated by Analysts at UBS Group
Ovintiv-EnCap Deal Sets Off A Midland Rig Fight
Ovintiv (NYSE:OVV) Shares Gap Down to $38.55
Closing Bell: Ovintiv Inc up on Tuesday (OVV)
See More Headlines

OVV Price History

OVV Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Today
6/04/2023
Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
1,744
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$60.05
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+68.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$3.64 billion
Pretax Margin
33.87%

Debt

Sales & Book Value

Annual Sales
$13.05 billion
Cash Flow
$11.75 per share
Book Value
$32.28 per share

Miscellaneous

Free Float
240,367,000
Market Cap
$8.70 billion
Optionable
Optionable
Beta
2.79

Key Executives

  • Mr. Brendan Michael McCracken (Age 46)
    Pres, CEO & Director
    Comp: $2.6M
  • Mr. Corey Douglas Code (Age 48)
    Exec. VP & CFO
    Comp: $1.02M
  • Mr. Gregory Dean Givens (Age 49)
    Exec. VP & COO
    Comp: $1.33M
  • Ms. Renee E. Zemljak (Age 57)
    Exec. VP of Midstream, Marketing & Fundamentals
    Comp: $1.24M
  • Mr. Stephen Carter Campbell (Age 53)
    Sr. VP of Investor Relations
  • Meghan Nicole Eilers
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Ms. Rachel Maureen Moore CHRPMs. Rachel Maureen Moore CHRP (Age 50)
    Exec. VP of Corp. Services
  • Jason Verhaest
    VP of Investor Relations













OVV Stock - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 7 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OVV shares.
View OVV analyst ratings
or view top-rated stocks.

What is Ovintiv's stock price forecast for 2023?

17 equities research analysts have issued 12-month price objectives for Ovintiv's shares. Their OVV share price forecasts range from $36.00 to $115.00. On average, they anticipate the company's share price to reach $60.05 in the next twelve months. This suggests a possible upside of 68.7% 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 beginning of the year. Since then, OVV shares have decreased by 29.8% and is now trading at $35.59.
View the best growth stocks for 2023 here
.

When is Ovintiv's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (NYSE:OVV) announced its quarterly earnings results on Tuesday, November, 2nd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.47 by $0.03. The firm earned $1.79 billion during the quarter, compared to analysts' expectations of $2.05 billion. Ovintiv had a trailing twelve-month return on equity of 23.98% and a net margin of 33.45%. During the same quarter last year, the firm earned ($0.03) earnings per share.

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

Ovintiv announced a quarterly dividend on Sunday, April 2nd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.30 per share on Friday, June 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Wednesday, June 14th. This is a boost from the stock's previous quarterly dividend of $0.25.
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 2.93%. 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 7.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 14.00% 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

What is Ovintiv's stock symbol?

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

Who are Ovintiv's major shareholders?

Ovintiv's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dodge & Cox (11.11%), FMR LLC (9.34%), BlackRock Inc. (7.21%), State Street Corp (2.87%), Hotchkis & Wiley Capital Management LLC (2.49%) and Smead Capital Management Inc. (1.80%). Insiders that own company stock include Douglas James Suttles, Howard John Mayson, Joanne Linette Alexander, Katherine Lucas Minyard, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ovintiv's stock price today?

One share of OVV stock can currently be purchased for approximately $35.59.

How much money does Ovintiv make?

Ovintiv (NYSE:OVV) has a market capitalization of $8.70 billion and generates $13.05 billion in revenue each year. The company earns $3.64 billion in net income (profit) each year or $17.11 on an earnings per share basis.

How many employees does Ovintiv have?

The company employs 1,744 workers across the globe.

How can I contact Ovintiv?

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.

This page (NYSE:OVV) was last updated on 6/4/2023 by MarketBeat.com Staff

My Account -