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NYSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

$55.58
+0.72 (+1.31%)
(As of 09:39 AM ET)
Today's Range
$54.98
$55.60
50-Day Range
$41.14
$55.56
52-Week Range
$32.07
$55.95
Volume
105,841 shs
Average Volume
3.14 million shs
Market Capitalization
$14.95 billion
P/E Ratio
7.04
Dividend Yield
2.16%
Price Target
$55.69

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
1.5% Upside
$55.69 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.65
Upright™ Environmental Score
News Sentiment
0.44mentions of Ovintiv in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$4.66 M Sold Last Quarter
Proj. Earnings Growth
11.68%
From $6.25 to $6.98 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.

3.88 out of 5 stars

Oils/Energy Sector

139th out of 729 stocks

Crude Petroleum & Natural Gas Industry

52nd out of 231 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. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. 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

Donald Trump Just Predicted "America's Greatest Defeat"
Donald Trump just issued his most disturbing prediction in a long time. "Our currency is crashing and will soon no longer be the world standard, which will be our greatest defeat frankly, in 200 years."
Ovintiv (NYSE:OVV) Stock Rating Reaffirmed by Mizuho
There’s only one solution to the impending energy catastrophe…
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
Ovintiv Inc.
Unveiling 4 Analyst Insights On Ovintiv
OVV Apr 2024 39.000 put
OVV Apr 2024 30.000 call
OVV Jul 2024 42.000 put
Ovintiv: Still Light On Oil Reserves
Ovintiv price target raised to $58 from $53 at National Bank
Decoding Ovintiv Inc (OVV): A Strategic SWOT Insight
OVV Mar 2024 38.000 put
Big Takeover Targets Remain In The Permian Basin
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/11/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
1,743
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$55.69
High Stock Price Target
$69.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$2.09 billion
Pretax Margin
23.06%

Debt

Sales & Book Value

Annual Sales
$10.88 billion
Cash Flow
$13.19 per share
Book Value
$38.00 per share

Miscellaneous

Free Float
266,345,000
Market Cap
$14.75 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?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

12 brokerages have issued twelve-month price targets for Ovintiv's shares. Their OVV share price targets range from $39.00 to $69.00. On average, they predict the company's share price to reach $55.69 in the next twelve months. This suggests a possible upside of 1.5% 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 2024. Since then, OVV stock has increased by 24.9% and is now trading at $54.86.
View the best growth stocks for 2024 here
.

When is Ovintiv's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our OVV earnings forecast
.

How can I listen to Ovintiv's earnings call?

Ovintiv will be holding an earnings conference call on Wednesday, May 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (NYSE:OVV) released its earnings results on Tuesday, February, 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.41. The firm earned $3.17 billion during the quarter, compared to the consensus estimate of $2.75 billion. Ovintiv had a net margin of 19.16% and a trailing twelve-month return on equity of 19.50%.

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

Ovintiv announced a quarterly dividend on Tuesday, February 27th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.30 per share on Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, March 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 2.16%. 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 15.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OVV will have a dividend payout ratio of 17.19% 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 a number of institutional and retail investors. Top institutional shareholders include Modus Advisors LLC (0.04%), Foundation Resource Management Inc. (0.03%), Alaska Permanent Fund Corp (0.02%), Polianta Ltd (0.01%), Park Avenue Securities LLC (0.00%) and Perpetual Ltd (0.00%). Insiders that own company stock include Howard John Mayson, Katherine Lucas Minyard, Meghan Nicole Eilers, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:OVV) was last updated on 4/12/2024 by MarketBeat.com Staff

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