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TSE:OVV

Ovintiv (OVV) Stock Forecast, Price & News

C$66.31
+0.29 (+0.44%)
(As of 09/28/2023 ET)
Compare
Today's Range
C$65.53
C$66.48
50-Day Range
C$55.64
C$66.31
52-Week Range
C$43.23
C$78.44
Volume
114,524 shs
Average Volume
232,946 shs
Market Capitalization
C$18.10 billion
P/E Ratio
3.77
Dividend Yield
2.44%
Price Target
C$47.00

Ovintiv MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
29.1% Downside
C$47.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.56 out of 5 stars


OVV stock logo

About Ovintiv (TSE:OVV) Stock

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 Price History

OVV Stock News Headlines

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Ovintiv slips on secondary offering
Ovintiv slips on 15M-share secondary offering
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Decline in Oil and Gas Prices Dragged Ovintiv (OVV)
Analyst Expectations for Ovintiv's Future
Ovintiv (OVV) Gets a Buy from Mizuho Securities
Mizuho Securities Sticks to Their Buy Rating for Ovintiv (OVV)
Ovintiv Prices Offering of Senior Notes
See More Headlines
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OVV Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Last Earnings
7/27/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/28/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/14/2023

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
Sector
Energy
CIK
N/A
Fax
N/A
Employees
1,713
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$47.00
High Stock Price Forecast
C$47.00
Low Stock Price Forecast
C$47.00
Forecasted Upside/Downside
-29.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
C$3.34 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.79 billion
Cash Flow
C$0.07 per share
Book Value
C$34.01 per share

Miscellaneous

Free Float
N/A
Market Cap
C$18.10 billion
Optionable
Optionable
Beta
3.54
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Key Executives

  • Mr. Brendan Michael McCracken (Age 47)
    Pres, CEO & Director
    Comp: $2.92M
  • Mr. Corey Douglas Code (Age 49)
    Exec. VP & CFO
    Comp: $1.14M
  • Mr. Gregory Dean Givens (Age 50)
    Exec. VP & COO
    Comp: $1.39M
  • Ms. Renee E. Zemljak (Age 58)
    Exec. VP of Midstream, Marketing & Fundamentals
    Comp: $1.05M
  • Ms. Rachel Maureen Moore CHRP (Age 51)
    Exec. VP of Corp. Services
    Comp: $809.56k
  • Mr. Stephen Carter Campbell (Age 54)
    Sr. VP of Investor Relations
  • Ms. Meghan Nicole Eilers (Age 41)
    Exec. VP, Gen. Counsel & Corp. Sec.













OVV Stock - Frequently Asked Questions

Should I buy or sell Ovintiv stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OVV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OVV, but not buy additional shares or sell existing shares.
View OVV analyst ratings
or view top-rated stocks.

What is Ovintiv's stock price forecast for 2023?

1 equities research analysts have issued 12-month price targets for Ovintiv's stock. Their OVV share price forecasts range from C$47.00 to C$47.00. On average, they expect the company's share price to reach C$47.00 in the next year. This suggests that the stock has a possible downside of 29.1%.
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 C$68.56 at the start of the year. Since then, OVV shares have decreased by 3.3% and is now trading at C$66.31.
View the best growth stocks for 2023 here
.

When is Ovintiv's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (TSE:OVV) released its quarterly earnings data on Thursday, July, 27th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. The business earned $3.38 billion during the quarter, compared to analyst estimates of $2.79 billion. Ovintiv had a net margin of 28.37% and a trailing twelve-month return on equity of 44.18%.

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

Ovintiv announced a quarterly dividend on Thursday, September 14th. Investors of record on Friday, September 29th will be given a dividend of 0.397 per share on Friday, September 29th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for OVV
.

Is Ovintiv a good dividend stock?

Ovintiv (TSE:OVV) pays an annual dividend of C$1.62 per share and currently has a dividend yield of 2.67%. The dividend payout ratio is 9.20%. 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?
What is Ovintiv's stock symbol?

Ovintiv trades on the Toronto Stock Exchange (TSX) under the ticker symbol "OVV."

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 is Ovintiv's stock price today?

One share of OVV stock can currently be purchased for approximately C$66.31.

How much money does Ovintiv make?

Ovintiv (TSE:OVV) has a market capitalization of C$18.10 billion and generates C$11.79 billion in revenue each year. The company earns C$3.34 billion in net income (profit) each year or C$17.61 on an earnings per share basis.

How many employees does Ovintiv have?

The company employs 1,713 workers across the globe.

How can I contact Ovintiv?

Ovintiv's mailing address is 500 Centre Street SE, Calgary, Alberta T2P 2S5. The official website for the company is www.ovintiv.com. The company can be reached via phone at 303-623-2300.

This page (TSE:OVV) was last updated on 9/28/2023 by MarketBeat.com Staff

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