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NYSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

$47.85
+1.79 (+3.89%)
(As of 02/28/2024 ET)
Today's Range
$45.55
$48.23
50-Day Range
$40.26
$47.85
52-Week Range
$32.07
$51.60
Volume
5.72 million shs
Average Volume
2.77 million shs
Market Capitalization
$13.06 billion
P/E Ratio
4.75
Dividend Yield
2.51%
Price Target
$53.38

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
11.5% Upside
$53.38 Price Target
Short Interest
Healthy
2.03% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.65
Upright™ Environmental Score
News Sentiment
1.39mentions of Ovintiv in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$858,730 Sold Last Quarter
Proj. Earnings Growth
2.50%
From $6.41 to $6.57 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.50 out of 5 stars

Oils/Energy Sector

34th out of 239 stocks

Crude Petroleum & Natural Gas Industry

16th out of 76 stocks


OVV stock logo

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

OVV Stock News Headlines

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Ovintiv (OVV) to Release Quarterly Earnings on Tuesday
OVV Mar 2024 38.000 put
Big Takeover Targets Remain In The Permian Basin
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
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Ovintiv Names Sippy Chhina to Board of Directors
JP Morgan Upgrades Ovintiv (OVV)
Ovintiv upgraded to Buy from Neutral at Citi
Citigroup Upgrades Ovintiv (OVV)
What 6 Analyst Ratings Have To Say About Ovintiv
Ovintiv Inc. (NYSE:OVV) Q3 2023 Earnings Call Transcript
Ovintiv Inc. (OVV) Q3 2023 Earnings Call Transcript
Earnings Outlook For Ovintiv
Why Ovintiv (OVV) Might Surprise This Earnings Season
Ovintiv (TSX: OVV)
See More Headlines
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Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Today
2/28/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

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 Target
$53.38
High Stock Price Target
$69.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$3.64 billion
Pretax Margin
23.36%

Debt

Sales & Book Value

Annual Sales
$12.46 billion
Cash Flow
$12.21 per share
Book Value
$31.29 per share

Miscellaneous

Free Float
270,419,000
Market Cap
$13.06 billion
Optionable
Optionable
Beta
2.65
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OVV Stock Analysis - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There are currently 6 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?

14 brokerages have issued 12-month price targets for Ovintiv's stock. Their OVV share price targets range from $39.00 to $69.00. On average, they expect the company's stock price to reach $53.38 in the next twelve months. This suggests a possible upside of 11.5% 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 2024?

Ovintiv's stock was trading at $43.92 at the beginning of the year. Since then, OVV stock has increased by 8.9% and is now trading at $47.85.
View the best growth stocks for 2024 here
.

Are investors shorting Ovintiv?

Ovintiv saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 4,800,000 shares, a decline of 9.9% from the January 15th total of 5,330,000 shares. Based on an average trading volume of 2,800,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.9% of the company's shares 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 Tuesday, May 14th 2024.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (NYSE:OVV) released its quarterly earnings results on Tuesday, November, 2nd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The business earned $1.79 billion during the quarter, compared to analyst estimates of $2.05 billion. Ovintiv had a net margin of 23.46% and a trailing twelve-month return on equity of 16.15%. During the same quarter last year, the company earned ($0.03) earnings per share.

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

Ovintiv declared a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 15th will be paid 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 2.51%. The ex-dividend date 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 2.61%. 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 18.26% 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

Who are Ovintiv's major shareholders?

Ovintiv's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.90%), Dodge & Cox (8.41%), Hotchkis & Wiley Capital Management LLC (1.94%), EnCap Energy Capital Fund XI L.P. (1.25%), Dimensional Fund Advisors LP (0.97%) and EnCap Energy Capital Fund X L.P. (0.85%). Insiders that own company stock include Howard John Mayson, Joanne Linette Alexander, Katherine Lucas Minyard, Meghan Nicole Eilers, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OVV) was last updated on 2/28/2024 by MarketBeat.com Staff