NYSE:OVV Ovintiv (OVV) Stock Forecast, Price & News $45.20 +0.01 (+0.02%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$45.07▼$46.1850-Day Range$39.32▼$48.9852-Week Range$32.07▼$59.10Volume4.29 million shsAverage Volume3.46 million shsMarket Capitalization$12.38 billionP/E Ratio3.41Dividend Yield2.65%Price Target$56.89 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ovintiv MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside25.9% Upside$56.89 Price TargetShort InterestHealthy5.95% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-8.77Upright™ Environmental ScoreNews Sentiment1.15Based on 11 Articles This WeekInsider TradingSelling Shares$58,429 Sold Last QuarterProj. Earnings Growth29.58%From $6.12 to $7.93 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.3.45 out of 5 starsOils/Energy Sector3rd out of 244 stocksCrude Petroleum & Natural Gas Industry3rd out of 80 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 $56.89, Ovintiv has a forecasted upside of 25.9% from its current price of $45.20.Amount of Analyst CoverageOvintiv has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted5.95% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently decreased by 8.57%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.65%, 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 9.06%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ovintiv will have a dividend payout ratio of 15.13% 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 -132.74% net impact score from Upright. The largest negative impact of Ovintiv in category "GHG emissions" seems to be driven mostly by its "Conventional crude oil", "Oil drilling services", and "Natural gas drilling services" products. See details.Environmental SustainabilityThe Environmental Impact score for Ovintiv is -8.77. Previous Next 4.0 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of 1.15. 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 higher news sentiment than the 0.70 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Ovintiv this week, compared to 4 articles on an average week.Search Interest21 people have searched for OVV on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows9 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is an increase of 13% 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 $58,429.00 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 29.58% in the coming year, from $6.12 to $7.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 3.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 3.41, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 8.76.Price to Earnings Growth RatioOvintiv has a PEG Ratio of 0.57. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.44. 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 (NYSE:OVV) StockOvintiv 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comOvintiv (NYSE:OVV) Given New $67.00 Price Target at MizuhoSeptember 18, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Ovintiv Inc. (NYSE:OVV) Boosted by Zacks ResearchSeptember 24, 2023 | Legacy Research (Ad)Watch SHOCKING Footage of AI Facility with Ties to Elon MuskI recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.September 16, 2023 | americanbankingnews.comOvintiv Inc. (NYSE:OVV) Given Average Rating of "Moderate Buy" by BrokeragesSeptember 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 FargoAugust 29, 2023 | finance.yahoo.comIs Ovintiv Inc.'s (TSE:OVV) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?September 24, 2023 | Legacy Research (Ad)Watch SHOCKING Footage of AI Facility with Ties to Elon MuskI recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.August 19, 2023 | nasdaq.comMorgan Stanley Maintains Ovintiv (OVV) Equal-Weight RecommendationAugust 10, 2023 | benzinga.comOvintiv Insider Trades Send a SignalAugust 3, 2023 | finance.yahoo.comOvintiv (OVV) Surpasses Q2 Earnings and Revenue EstimatesAugust 1, 2023 | theglobeandmail.comClosing Bell: Ovintiv Inc up on Monday (OVV)July 31, 2023 | finance.yahoo.comOvintiv Integrates $4.2B Midland Basin Acquisition in Q2July 31, 2023 | msn.comRBC Capital Maintains Ovintiv (OVV) Sector Perform RecommendationJuly 29, 2023 | seekingalpha.comOvintiv, Inc. (OVV) Q2 2023 Earnings Call TranscriptJuly 29, 2023 | theglobeandmail.comClosing Bell: Ovintiv Inc up on Friday (OVV)July 28, 2023 | seekingalpha.comOvintiv Inc. 2023 Q2 - Results - Earnings Call PresentationJuly 28, 2023 | markets.businessinsider.comOvintiv (OVV) Receives a Buy from Siebert Williams Shank & CoJuly 26, 2023 | benzinga.comEarnings Preview For OvintivJuly 24, 2023 | seekingalpha.comOvintiv Maintains Enhanced Prospects With Strong Assets And Core Midland AcquisitionJuly 15, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These NA Companies: Ovintiv (OVV) and Conocophillips (COP)July 14, 2023 | finance.yahoo.comOvintiv Inc. (TSE:OVV) institutional owners may be pleased with recent gains after 0.3% loss over the past yearJuly 14, 2023 | msn.comUBS Maintains Ovintiv (OVV) Buy RecommendationJuly 13, 2023 | msn.comGoldman Sachs Reiterates Ovintiv (OVV) Neutral RecommendationJuly 11, 2023 | msn.comCitigroup Reiterates Ovintiv (OVV) Neutral RecommendationJuly 11, 2023 | benzinga.comCitigroup Reiterates Neutral on Ovintiv, Maintains $40 Price TargetSee 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 OVV Company Calendar Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Last Earnings7/27/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/24/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get 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 Forecast$56.89 High Stock Price Forecast$79.00 Low Stock Price Forecast$39.00 Forecasted Upside/Downside+25.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)$13.24 Trailing P/E Ratio3.41 Forward P/E Ratio7.39 P/E Growth0.57Net Income$3.64 billion Net Margins28.27% Pretax Margin29.03% Return on Equity16.27% Return on Assets7.98% Debt Debt-to-Equity Ratio0.59 Current Ratio0.45 Quick Ratio0.45 Sales & Book Value Annual Sales$12.46 billion Price / Sales0.99 Cash Flow$11.74 per share Price / Cash Flow3.85 Book Value$31.29 per share Price / Book1.44Miscellaneous Outstanding Shares273,860,000Free Float269,204,000Market Cap$12.38 billion OptionableOptionable Beta2.81 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 47)Pres, CEO & Director Comp: $2.92MMr. Corey Douglas Code (Age 49)Exec. VP & CFO Comp: $1.14MMr. Gregory Dean Givens (Age 50)Exec. VP & COO Comp: $1.39MMs. Renee E. Zemljak (Age 58)Exec. VP of Midstream, Marketing & Fundamentals Comp: $1.05MMs. Rachel Maureen Moore CHRP (Age 51)Exec. VP of Corp. Services Comp: $809.56kMr. Stephen Carter Campbell (Age 54)Sr. VP of Investor Relations Ms. Meghan Nicole Eilers (Age 41)Exec. VP, Gen. Counsel & Corp. Sec. More ExecutivesKey CompetitorsRange ResourcesNYSE:RRCDenburyNYSE:DENTenarisNYSE:TSDT MidstreamNYSE:DTMViper Energy PartnersNASDAQ:VNOMView All CompetitorsInsiders & InstitutionsBarclays PLCSold 42,129 shares on 9/21/2023Ownership: 0.310%Wolverine Trading LLCBought 1,100 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 28,714 shares on 8/21/2023Ownership: 0.137%Teachers Retirement System of The State of KentuckyBought 55,857 shares on 8/21/2023Ownership: 0.077%Osaic Holdings Inc.Sold 5,111 shares on 8/21/2023Ownership: 0.009%View All Insider TransactionsView All Institutional Transactions OVV Stock - 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 forecast for 2023? 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. 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 10.9% and is now trading at $45.20. 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 Tuesday, November 14th 2023. View our OVV earnings forecast. How were Ovintiv's earnings last quarter? 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%. How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv? 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. 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). 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 2.65%. 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. 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 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. 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 $45.20. How much money does Ovintiv make? 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. 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ovintiv Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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