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TSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

C$66.41
-0.44 (-0.66%)
(As of 06/12/2024 ET)
Today's Range
C$66.08
C$67.70
50-Day Range
C$64.97
C$75.91
52-Week Range
C$45.60
C$76.63
Volume
75,831 shs
Average Volume
119,861 shs
Market Capitalization
C$17.73 billion
P/E Ratio
6.76
Dividend Yield
2.47%
Price Target
C$58.50

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.9% Downside
C$58.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Ovintiv in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

1.34 out of 5 stars

OVV stock logo

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.

OVV Stock Price History

OVV Stock News Headlines

Ovintiv Inc. (TSE:OVV) Increases Dividend to $0.41 Per Share
DIAC : ‘’2023 ESEF Annual Financial Report’’
Fisker starts new round of layoffs to 'preserve cash'
Ovintiv (OVV) Receives a Rating Update from a Top Analyst
Validea Detailed Fundamental Analysis - OVV
Ovintiv EVP sells shares worth over $3.8 million
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Last Earnings
5/07/2024
Today
6/13/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/25/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,743
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$58.50
High Stock Price Target
C$68.00
Low Stock Price Target
C$49.00
Potential Upside/Downside
-11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$1.94 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$10.46 billion
Cash Flow
C$0.07 per share
Book Value
C$38.35 per share

Miscellaneous

Free Float
N/A
Market Cap
C$17.73 billion
Optionable
Not Optionable
Beta
2.67
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Key Executives

  • Mr. Brendan Michael McCracken (Age 48)
    President, CEO & Director
    Comp: $5.49M
  • Mr. Corey Douglas Code (Age 50)
    Executive VP & CFO
    Comp: $2.33M
  • Mr. Gregory Dean Givens (Age 50)
    Executive VP & COO
    Comp: $2.78M
  • Ms. Meghan Nicole Eilers (Age 42)
    Executive VP of Midstream & Marketing and General Counsel
    Comp: $1.65M
  • Ms. Renee E. Zemljak (Age 59)
    Senior Advisor
    Comp: $1.88M
  • Mr. 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: $1.1M

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. stock price has been steadily increasing, showing positive momentum in the market.
  • The company has a strong financial position with healthy revenue growth and profitability, indicating stability.
  • Ovintiv Inc. has a diversified portfolio of assets, reducing risk exposure to any single sector or market.
  • The company has a history of paying dividends to shareholders, providing a source of passive income.
  • Ovintiv Inc. has a solid track record of innovation and adapting to market trends, ensuring long-term growth potential.

Cons

Investors should be bearish about investing in Ovintiv Inc. for these reasons:

  • The energy sector, where Ovintiv Inc. operates, is subject to volatility due to factors like geopolitical events and oil price fluctuations.
  • Regulatory changes in the energy industry can impact Ovintiv Inc.'s operations and profitability.
  • Market competition in the energy sector may pose challenges for Ovintiv Inc. in maintaining market share and pricing power.
  • Environmental concerns and shifting consumer preferences towards sustainable energy sources could affect Ovintiv Inc.'s business model.
  • Economic downturns or global events can impact demand for energy products, influencing Ovintiv Inc.'s financial performance.
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 Saturday, June 8, 2024. Please send any questions or comments about these Ovintiv pros and cons to contact@marketbeat.com.

OVV Stock Analysis - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There are currently 1 hold rating and 1 buy rating 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?

2 Wall Street research analysts have issued 12-month target prices for Ovintiv's shares. Their OVV share price targets range from C$49.00 to C$68.00. On average, they predict the company's share price to reach C$58.50 in the next twelve months. This suggests that the stock has a possible downside of 11.9%.
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 C$58.16 on January 1st, 2024. Since then, OVV stock has increased by 14.2% and is now trading at C$66.41.
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 Thursday, July 25th 2024.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (TSE:OVV) released its earnings results on Tuesday, May, 7th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.80 by $0.14. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.53 billion. Ovintiv had a trailing twelve-month return on equity of 21.33% and a net margin of 18.52%.

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

Ovintiv declared a quarterly dividend on Friday, June 14th. Shareholders of record on Friday, June 28th will be given a dividend of 0.413 per share on Friday, June 28th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from the stock's previous quarterly dividend of C$0.40.
Read our dividend analysis for OVV
.

Is Ovintiv a good dividend stock?

Ovintiv (TSE:OVV) pays an annual dividend of C$1.64 per share and currently has a dividend yield of 2.49%. The dividend payout ratio is 16.70%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for OVV.

What other stocks do shareholders of Ovintiv own?
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.

This page (TSE:OVV) was last updated on 6/13/2024 by MarketBeat.com Staff

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