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TSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

C$64.88
-0.66 (-1.01%)
(As of 07/19/2024 ET)
Today's Range
C$64.42
C$65.51
50-Day Range
C$62.64
C$70.40
52-Week Range
C$53.61
C$76.63
Volume
53,867 shs
Average Volume
114,395 shs
Market Capitalization
C$17.32 billion
P/E Ratio
6.61
Dividend Yield
2.53%
Price Target
C$58.50

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
9.8% Downside
C$58.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.07mentions 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.

1.81 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 (TSE:OVV) Upgraded by Wolfe Research to Strong-Buy
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Ovintiv (TSE:OVV) Lifted to Strong-Buy at Evercore ISI
Feel the May Shockwave!
Now that the Fed has spoken, it’s sure to create a May Shockwave! Now's your best chance to trade this historic event using the method that has seen Doubles, Even Triples within just a few days! You see, while most folks will be paying $500… $1,000… or even MORE to trade popular stocks like Apple, Nvidia, or Microsoft… I’ve discovered a new way to tap into what could be the cheapest options in a volatile market. You see, by entering on certain predetermined dates, we have been able to watch as these $0.25 Cent Trades doubled, even tripled in what feels like no time.
DIAC : ‘’2023 ESEF Annual Financial Report’’
Fisker starts new round of layoffs to 'preserve cash'
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Today
7/21/2024
Next Earnings (Confirmed)
7/30/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
Petroleum And Natural Gas
CIK
N/A
Fax
N/A
Employees
1,740
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
-9.8%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 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$17.32 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. 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 on January 1st, 2024. Since then, OVV shares have increased by 11.6% and is now trading at C$64.88.
View the best growth stocks for 2024 here
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (TSE:OVV) announced its quarterly earnings data on Tuesday, May, 7th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.14. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates 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 7/21/2024 by MarketBeat.com Staff

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