TSE:OVV Ovintiv (OVV) Stock Price, News & Analysis C$63.72 +0.31 (+0.49%) (As of 05:27 PM ET) Add Compare Share Share Today's RangeC$62.77▼C$63.9050-Day RangeC$62.64▼C$70.4052-Week RangeC$53.61▼C$76.63Volume83,436 shsAverage Volume112,952 shsMarket CapitalizationC$17.01 billionP/E Ratio6.49Dividend Yield2.57%Price TargetC$58.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlines Get Ovintiv alerts: Email Address Ovintiv MarketRank™ Stock AnalysisAnalyst RatingBuy3.25 Rating ScoreUpside/Downside8.2% DownsideC$58.50 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.49Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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.1.71 out of 5 stars 1.6 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageOvintiv has only been the subject of 2 research reports in the past 90 days.Read more about Ovintiv's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for OVV. Previous Next 1.7 Dividend Strength Dividend YieldOvintiv pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthOvintiv does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ovintiv is 16.70%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about Ovintiv's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OVV. Previous Next 1.9 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of 0.49. 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 news sentiment score is similar to the average news sentiment of Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Ovintiv this week, compared to 2 articles on an average week.Search InterestOnly 3 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ovintiv insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.48% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions81.51% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ovintiv's insider trading history. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 6.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.26.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 6.49, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 206.67.Price to Earnings Growth RatioOvintiv has a PEG Ratio of 0.05. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ovintiv's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. About Ovintiv Stock (TSE: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.Read More OVV Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Stock News HeadlinesJuly 22, 2024 | finance.yahoo.comOVV Aug 2024 39.000 call (OVV240816C00039000)July 22, 2024 | finance.yahoo.comOVV Aug 2024 41.000 put (OVV240816P00041000)July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 19, 2024 | americanbankingnews.comOvintiv (TSE:OVV) Upgraded by Wolfe Research to Strong-BuyJuly 16, 2024 | americanbankingnews.comOvintiv Inc. Expected to Post Q3 2024 Earnings of $2.27 Per Share (TSE:OVV)May 16, 2024 | benzinga.comOvintiv Stock (NYSE:OVV), Analyst Ratings, Price Targets, PredictionsMay 16, 2024 | benzinga.comSippy Chhina Boosts Confidence With $79K Purchase Of Ovintiv StockMay 11, 2024 | finance.yahoo.comOvintiv (NYSE:OVV) Has Announced A Dividend Of $0.30July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.May 9, 2024 | finance.yahoo.comOvintiv Inc. (NYSE:OVV) Q1 2024 Earnings Call TranscriptMay 9, 2024 | finance.yahoo.comOvintiv First Quarter 2024 Earnings: Misses ExpectationsMay 9, 2024 | finance.yahoo.comOvintiv Inc (OVV) Q1 2024 Earnings Call Transcript Highlights: Strong Financial Performance and ...May 8, 2024 | seekingalpha.comOvintiv, Inc. (OVV) Q1 2024 Earnings Call TranscriptMay 8, 2024 | finanznachrichten.deOvintiv Inc.: Ovintiv Reports First Quarter 2024 Financial and Operating ResultsMay 7, 2024 | finance.yahoo.comOvintiv Inc. (OVV) Surpasses Analyst Net Income Estimates in Q1 2024April 29, 2024 | uk.finance.yahoo.comDIAC : ‘’2023 ESEF Annual Financial Report’’April 29, 2024 | uk.style.yahoo.comFisker starts new round of layoffs to 'preserve cash'April 28, 2024 | finance.yahoo.comWith 82% institutional ownership, Ovintiv Inc. (NYSE:OVV) is a favorite amongst the big gunsSee 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 Company Calendar Last Earnings5/07/2024Ex-Dividend for 6/28 Dividend6/14/2024Dividend Payable6/28/2024Today7/26/2024Next Earnings (Confirmed)7/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas E&P Sub-IndustryPetroleum And Natural Gas Current SymbolTSE:OVV CUSIPN/A CIKN/A Webwww.ovintiv.com Phone303-623-2300FaxN/AEmployees1,740Year FoundedN/APrice Target and Rating Average Stock Price TargetC$58.50 High Stock Price TargetC$68.00 Low Stock Price TargetC$49.00 Potential Upside/Downside-7.4%Consensus RatingBuy Rating Score (0-4)3.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)C$9.82 Trailing P/E Ratio6.43 Forward P/E Ratio7.37 P/E Growth0.05Net IncomeC$1.94 billion Net Margins18.52% Pretax MarginN/A Return on Equity21.33% Return on Assets9.89% Debt Debt-to-Equity Ratio69.30 Current Ratio0.52 Quick Ratio0.51 Sales & Book Value Annual SalesC$10.46 billion Price / Sales1.61 Cash FlowC$0.07 per share Price / Cash Flow921.25 Book ValueC$38.35 per share Price / Book1.65Miscellaneous Outstanding Shares266,980,000Free FloatN/AMarket CapC$16.86 billion OptionableNot Optionable Beta2.67 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 48)President, CEO & Director Comp: $5.49MMr. Corey Douglas Code (Age 50)Executive VP & CFO Comp: $2.33MMr. Gregory Dean Givens (Age 50)Executive VP & COO Comp: $2.78MMs. Meghan Nicole Eilers (Age 42)Executive VP of Midstream & Marketing and General Counsel Comp: $1.65MMs. Renee E. Zemljak (Age 59)Senior Advisor Comp: $1.88MMr. Stephen Carter Campbell (Age 55)Senior Vice President of Investor Relations Ms. Rachel Maureen Moore CHRP (Age 52)Executive Vice President of Corporate Services Comp: $1.1MMore ExecutivesKey CompetitorsCanadian Natural ResourcesTSE:CNQTourmaline OilTSE:TOUARC ResourcesTSE:ARXMEG EnergyTSE:MEGStrathcona ResourcesTSE:SCRView All Competitors Should I Buy Ovintiv Stock? OVV Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Ovintiv Inc.: Ovintiv Inc. has consistently beaten earnings estimates, indicating strong financial performance. The company has a healthy dividend yield of 2.50%, providing investors with a steady income stream. Ovintiv's stock price has been showing an upward trend, reaching C$66.13 recently, which may indicate positive market sentiment. Analysts have been increasing their earnings estimates for Ovintiv, suggesting future growth potential. Ovintiv's low P/E ratio of 6.73 and P/E/G ratio of 0.05 may indicate that the stock is undervalued compared to its growth prospects. Cons Investors should be bearish about investing in Ovintiv Inc. for these reasons: The company has a high debt-to-equity ratio of 69.30, which may pose risks in case of economic downturns or financial instability. Ovintiv's revenue in the last quarter was below consensus estimates, indicating potential challenges in revenue generation. The stock's beta of 2.67 suggests high volatility compared to the market average, which may lead to significant price fluctuations. Ovintiv's current ratio of 0.52 and quick ratio of 0.51 are below industry standards, indicating potential liquidity issues. While the company has shown growth potential, the stock's 1-year high of C$76.63 may already reflect much of this positive outlook, limiting further upside potential. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 1, 2024. Please send any questions or comments about these Ovintiv pros and cons to contact@marketbeat.com. OVV Stock Analysis - Frequently Asked Questions How have OVV shares performed this year? Ovintiv's stock was trading at C$58.16 at the beginning of 2024. Since then, OVV stock has increased by 9.6% and is now trading at C$63.72. View the best growth stocks for 2024 here. How were Ovintiv's earnings last quarter? Ovintiv Inc. (TSE:OVV) issued its quarterly earnings data on Tuesday, May, 7th. The company reported $1.94 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.14. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.53 billion. Ovintiv had a net margin of 18.52% and a trailing twelve-month return on equity of 21.33%. How do I buy shares of Ovintiv? Shares of OVV stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What other stocks do shareholders of Ovintiv own? Based on aggregate information from My MarketBeat watchlists, some other companies that Ovintiv investors own include Canadian Natural Resources (CNQ), Toronto-Dominion Bank (TD), BlackBerry (BB), Enbridge (ENB), Suncor Energy (SU), Tourmaline Oil (TOU) and Whitecap Resources (WCP). This page (TSE:OVV) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. 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