Ovintiv (OVV) Stock Forecast, Price & News

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.

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.

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

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.

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.

ETFs with the largest weight of Ovintiv (NYSE:OVV) stock in their portfolio include WisdomTree U.S. Value Fund (WTV), Invesco DWA Energy Momentum ETF (PXI), First Trust Energy AlphaDEX Fund (FXN), First Trust Natural Gas ETF (FCG), AXS Astoria Inflation Sensitive ETF (PPI), Invesco Dynamic Energy Exploration & Production ETF (PXE), iShares Focused Value Factor ETF (FOVL) and Alpha Architect U.S. Quantitative Value ETF (QVAL).

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.

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

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

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

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.

The company employs 1,744 workers across the globe.

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.