TSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

C$72.08
+0.60 (+0.84%)
(As of 04/23/2024 ET)
Today's Range
C$70.54
C$72.25
50-Day Range
C$57.44
C$75.91
52-Week Range
C$43.23
C$76.63
Volume
64,391 shs
Average Volume
131,468 shs
Market Capitalization
C$19.39 billion
P/E Ratio
6.71
Dividend Yield
2.25%
Price Target
C$58.50

Ovintiv MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.8% Downside
C$58.50 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.71mentions 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.

1.45 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) PT Raised to C$68.00 at National Bankshares
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Validea Detailed Fundamental Analysis - OVV
Exposed: 10 CENT Crypto to Explode April 20th?
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Ovintiv EVP sells shares worth over $3.8 million
OVV Jun 2024 20.000 call
OVV Jul 2024 37.000 put
Ovintiv Inc. (NYSE:OVV) Q4 2023 Earnings Call Transcript
Ovintiv Full Year 2023 Earnings: EPS Beats Expectations
Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript
Ovintiv declares $0.30 dividend
Calculating The Fair Value Of Ovintiv Inc. (NYSE:OVV)
OVV Mar 2024 60.000 call
OVV Mar 2024 40.000 call
OVV Mar 2024 45.000 put
See 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.

Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/07/2024

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
-18.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$2.08 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$10.66 billion
Cash Flow
C$0.08 per share
Book Value
C$38.17 per share

Miscellaneous

Free Float
N/A
Market Cap
C$19.39 billion
Optionable
Not Optionable
Beta
2.67
10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. Brendan Michael McCracken (Age 48)
    President, CEO & Director
    Comp: $5.56M
  • Mr. Corey Douglas Code (Age 50)
    Executive VP & CFO
    Comp: $2.35M
  • Mr. Gregory Dean Givens (Age 50)
    Executive VP & COO
    Comp: $2.81M
  • Ms. Meghan Nicole Eilers (Age 42)
    Executive VP, General Counsel & Corporate Secretary
    Comp: $1.67M
  • Ms. Renee E. Zemljak (Age 59)
    Senior Advisor
    Comp: $1.9M
  • 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: $1.12M

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's stock price has shown positive performance, trading at a 1-year high of C$70.61.
  • Ovintiv has a strong market presence in the oil & gas exploration and production industry.
  • The company operates in key regions like Permian, Anadarko, and Montney, which are rich in natural resources.
  • Ovintiv's diversified operations in the USA and Canada provide geographic stability.
  • The company's low P/E ratio of 6.44 indicates potential undervaluation compared to industry peers.

Cons

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

  • Ovintiv recently lowered its earnings estimates, which may indicate challenges in the near term.
  • The company's debt-to-equity ratio of 64.45 is relatively high, posing financial risk.
  • Ovintiv's dividend cut may deter income-focused investors.
  • The company's beta of 2.67 suggests higher volatility compared to the market average.
  • Analysts have revised down earnings estimates for Ovintiv, signaling potential concerns about future 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, April 13, 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 research 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 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?

2 equities research analysts have issued 1 year price objectives for Ovintiv's shares. Their OVV share price targets range from C$49.00 to C$68.00. On average, they anticipate the company's stock price to reach C$58.50 in the next twelve months. This suggests that the stock has a possible downside of 18.8%.
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 shares have increased by 23.9% and is now trading at C$72.08.
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 Tuesday, May 7th 2024.
View our OVV earnings forecast
.

How were Ovintiv's earnings last quarter?

Ovintiv Inc. (TSE:OVV) issued its earnings results on Tuesday, February, 27th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.59. The firm earned $4.31 billion during the quarter, compared to analyst estimates of $3.69 billion. Ovintiv had a trailing twelve-month return on equity of 23.09% and a net margin of 19.56%.

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

Ovintiv announced a quarterly dividend on Thursday, March 14th. Shareholders of record on Thursday, March 28th will be given a dividend of 0.403 per share on Thursday, March 28th. This represents a $1.61 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, March 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 2.32%. The dividend payout ratio is 15.08%. 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 4/23/2024 by MarketBeat.com Staff

From Our Partners