S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
15 best consumer discretionary stocks for the rest of 2023
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Closing prices for crude oil, gold and other commodities
Chick-fil-A Is Hiring an 'Entertainment Producer'
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023
Mega merger in the works? Humana, Cigna explore big deal
New CBOE “special perk” helps traders target income every weekend (Ad)
MarketBeat Week in Review – 11/27 - 12/1
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections

Ovintiv Stock Price, News & Analysis (NYSE:OVV)

$44.20
-0.14 (-0.32%)
(As of 12/1/2023 ET)
Compare
Today's Range
$43.86
$45.10
50-Day Range
$43.85
$51.26
52-Week Range
$32.07
$56.98
Volume
2.91 million shs
Average Volume
2.85 million shs
Market Capitalization
$12.06 billion
P/E Ratio
4.38
Dividend Yield
2.71%
Price Target
$56.61

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
28.1% Upside
$56.61 Price Target
Short Interest
Healthy
3.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-7.72
Upright™ Environmental Score
News Sentiment
-0.36mentions of Ovintiv in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$569,140 Sold Last Quarter
Proj. Earnings Growth
28.25%
From $6.69 to $8.58 Per Share

Overall MarketRank

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

3.04 out of 5 stars

Oils/Energy Sector

19th out of 242 stocks

Crude Petroleum & Natural Gas Industry

11th 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Ovintiv upgraded to Buy from Neutral at Citi
Ovintiv (NYSE:OVV) Upgraded to "Buy" by Citigroup
Ovintiv (NYSE:OVV) Price Target Cut to $49.00
Citigroup Upgrades Ovintiv (OVV)
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Ovintiv Target of Unusually Large Options Trading (NYSE: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)
Wells Fargo Reaffirms Their Hold Rating on Ovintiv (OVV)
Closing Bell: Ovintiv Inc up on Wednesday (OVV)
What's Driving Ovintiv Inc's Surprising 34% Stock Rally?
Ovintiv (OVV) Gets a Hold from Wells Fargo
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
11/07/2023
Today
12/01/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/26/2024

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
$56.61
High Stock Price Target
$75.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+28.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$3.64 billion
Pretax Margin
23.36%

Debt

Sales & Book Value

Annual Sales
$12.46 billion
Cash Flow
$11.82 per share
Book Value
$35.00 per share

Miscellaneous

Free Float
268,263,000
Market Cap
$12.06 billion
Optionable
Optionable
Beta
2.74
12 Stocks Corporate Insiders are Abandoning Cover

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OVV Stock Analysis - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 8 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?

16 equities research analysts have issued 12-month target prices for Ovintiv's stock. Their OVV share price targets range from $39.00 to $75.00. On average, they expect the company's share price to reach $56.61 in the next year. This suggests a possible upside of 28.1% 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 on January 1st, 2023. Since then, OVV stock has decreased by 12.8% and is now trading at $44.20.
View the best growth stocks for 2023 here
.

Are investors shorting Ovintiv?

Ovintiv saw a decrease in short interest in October. As of October 31st, there was short interest totaling 7,400,000 shares, a decrease of 19.8% from the October 15th total of 9,230,000 shares. Based on an average daily volume of 2,850,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.1% of the shares of the company 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 Monday, February 26th 2024.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (NYSE:OVV) issued its quarterly earnings data on Tuesday, November, 7th. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.75 by $0.01. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. Ovintiv had a trailing twelve-month return on equity of 16.15% and a net margin of 23.46%.

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

Ovintiv announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Friday, December 15th will be given a dividend of $0.30 per share on Friday, December 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend 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 2.71%. 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 13.99% 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 investors include FMR LLC (8.38%), Smead Capital Management Inc. (2.02%), EnCap Energy Capital Fund X L.P. (1.93%), Wellington Management Group LLP (1.39%), EnCap Energy Capital Fund IX L.P. (1.36%) and Bank of New York Mellon Corp (1.11%). Insiders that own company stock include Howard John Mayson, Joanne Linette Alexander, Katherine Lucas Minyard, 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.

This page (NYSE:OVV) was last updated on 12/2/2023 by MarketBeat.com Staff

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