TSE:OVV Ovintiv (OVV) Stock Forecast, Price & News C$46.18 +1.31 (+2.92%) (As of 11:57 AM ET) Add Compare Share Share Today's RangeC$44.84▼C$46.1950-Day RangeC$43.26▼C$54.1352-Week RangeC$43.23▼C$79.28Volume98,696 shsAverage Volume256,858 shsMarket CapitalizationC$11.29 billionP/E Ratio2.00Dividend Yield3.51%Price TargetC$55.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Ovintiv MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside20.7% UpsideC$55.00 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.37Based on 7 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.04 out of 5 stars 2.0 Analyst's Opinion Consensus RatingOvintiv has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$55.00, Ovintiv has a forecasted upside of 20.7% from its current price of C$45.56.Amount of Analyst CoverageOvintiv has only been the subject of 1 research reports in the past 90 days. 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 3.45%, 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 7.02%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for OVV. Previous Next 2.0 News and Social Media Coverage News SentimentOvintiv has a news sentiment score of -0.37. 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 is a lower news sentiment than the 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Ovintiv this week, compared to 3 articles on an average week.Search Interest25 people have searched for OVV on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.MarketBeat Follows1 people have added Ovintiv to their MarketBeat watchlist in the last 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 0.49% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions85.20% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 1.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.72.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 1.97, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.30.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 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ovintiv (TSE:OVV) StockOvintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. 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 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.Read More 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 OVV Stock News HeadlinesMay 27, 2023 | americanbankingnews.comOvintiv Inc. Forecasted to Post Q2 2023 Earnings of $1.53 Per Share (TSE:OVV)May 25, 2023 | americanbankingnews.comEquities Analysts Offer Predictions for Ovintiv Inc.'s Q1 2025 Earnings (TSE:OVV)June 1, 2023 | Edge On The Street (Ad)ChatGPT Is Already "Old School"As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.May 23, 2023 | msn.comCIBC Maintains Ovintiv (OVV) Neutral RecommendationMay 23, 2023 | americanbankingnews.comSeaport Res Ptn Research Analysts Increase Earnings Estimates for Ovintiv Inc. (TSE:OVV)May 16, 2023 | finance.yahoo.comOvintiv Prices Offering of Senior NotesMay 16, 2023 | americanbankingnews.comBrokers Issue Forecasts for Ovintiv Inc.'s Q2 2023 Earnings (TSE:OVV)May 11, 2023 | msn.comOvintiv: Shareholder-Friendly Company With Solid AssetsJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 10, 2023 | marketwatch.com8-K: Ovintiv Inc.May 10, 2023 | sfgate.comOvintiv: Q1 Earnings SnapshotMay 10, 2023 | fool.comOvintiv (NYSE: OVV)May 10, 2023 | theglobeandmail.comClosing Bell: Ovintiv Inc down on Tuesday (OVV)May 10, 2023 | markets.businessinsider.comSiebert Williams Shank & Co Reaffirms Their Buy Rating on Ovintiv (OVV)May 10, 2023 | finance.yahoo.comInvesting in Ovintiv (TSE:OVV) three years ago would have delivered you a 455% gainMay 9, 2023 | finance.yahoo.comCompared to Estimates, Ovintiv (OVV) Q1 Earnings: A Look at Key MetricsMay 9, 2023 | finance.yahoo.comOvintiv Reports First Quarter 2023 Financial and Operating ResultsMay 7, 2023 | americanbankingnews.comOvintiv (OVV) Scheduled to Post Quarterly Earnings on TuesdayMay 4, 2023 | americanbankingnews.comQ1 2023 Earnings Forecast for Ovintiv Inc. (TSE:OVV) Issued By Zacks ResearchApril 25, 2023 | americanbankingnews.comQ4 2023 EPS Estimates for Ovintiv Inc. Cut by Zacks Research (TSE:OVV)April 22, 2023 | americanbankingnews.comQ1 2023 Earnings Estimate for Ovintiv Inc. (TSE:OVV) Issued By Capital One FinancialApril 19, 2023 | americanbankingnews.comResearch Analysts Issue Forecasts for Ovintiv Inc.'s Q3 2023 Earnings (TSE:OVV)April 18, 2023 | theglobeandmail.comClosing Bell: Ovintiv Inc down on Monday (OVV)April 15, 2023 | americanbankingnews.comQ1 2023 EPS Estimates for Ovintiv Inc. (TSE:OVV) Lifted by Capital One FinancialApril 12, 2023 | markets.businessinsider.comRBC Capital Sticks to Its Hold Rating for Ovintiv (OVV)April 8, 2023 | americanbankingnews.comSeaport Res Ptn Weighs in on Ovintiv Inc.'s Q3 2023 Earnings (TSE:OVV)April 8, 2023 | americanbankingnews.comOvintiv (TSE:OVV) Price Target Cut to C$55.00See More Headlines OVV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Company Calendar Ex-Dividend for 3/31 Dividend3/14/2023Dividend Payable3/31/2023Today6/01/2023Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E & P Sub-IndustryN/A SectorOils/Energy Current SymbolTSE:OVV CUSIPN/A CIKN/A Webwww.ovintiv.com Phone303-623-2300FaxN/AEmployees1,713Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$55.00 High Stock Price ForecastC$55.00 Low Stock Price ForecastC$55.00 Forecasted Upside/Downside+22.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C$23.09 Trailing P/E Ratio1.94 Forward P/E Ratio3.77 P/E Growth0.05Net IncomeC$4.37 billion Net Margins32.46% Pretax MarginN/A Return on Equity69.41% Return on Assets19.75% Debt Debt-to-Equity Ratio59.26 Current Ratio0.53 Quick Ratio0.51 Sales & Book Value Annual SalesC$13.45 billion Price / Sales0.82 Cash FlowC$0.05 per share Price / Cash Flow921.25 Book ValueC$32.29 per share Price / Book1.39Miscellaneous Outstanding Shares244,520,000Free FloatN/AMarket CapC$10.97 billion OptionableOptionable Beta3.57 Key ExecutivesMr. Brendan Michael McCracken (Age 47)Pres, CEO & Director Comp: $2.6MMr. Corey Douglas Code (Age 49)Exec. VP & CFO Comp: $1.02MMr. Gregory Dean Givens (Age 50)Exec. VP & COO Comp: $1.33MMs. Renee E. Zemljak (Age 58)Exec. VP of Midstream, Marketing & Fundamentals Comp: $1.24MMr. Stephen Carter Campbell (Age 54)Sr. VP of Investor Relations Meghan Nicole EilersExec. VP, Gen. Counsel & Corp. Sec.Ms. Rachel Maureen Moore CHRP (Age 51)Exec. VP of Corp. Services Jason VerhaestVP of Investor RelationsMore ExecutivesKey CompetitorsWhitecap ResourcesTSE:WCPSeven Generations EnergyTSE:VIITourmaline OilTSE:TOUEnerplusTSE:ERFGibson EnergyTSE:GEIView All Competitors OVV Stock - Frequently Asked Questions Should I buy or sell Ovintiv stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ovintiv in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1-year target prices for Ovintiv's shares. Their OVV share price forecasts range from C$55.00 to C$55.00. On average, they predict the company's share price to reach C$55.00 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price. 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 beginning of 2023. Since then, OVV stock has decreased by 34.6% and is now trading at C$44.87. 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 Wednesday, August 2nd 2023. View our OVV earnings forecast. How often does Ovintiv pay dividends? What is the dividend yield for Ovintiv? Ovintiv declared a quarterly dividend on Sunday, April 2nd. Investors of record on Thursday, June 15th will be given a dividend of 0.406 per share on Friday, June 30th. This represents a $1.62 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from the stock's previous quarterly dividend of C$0.33. 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 3.45%. The dividend payout ratio is 7.02%. 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? Based on aggregate information from My MarketBeat watchlists, some companies that other Ovintiv investors own include Canadian Natural Resources (CNQ), Toronto-Dominion Bank (TD), BlackBerry (BB), Enbridge (ENB), Suncor Energy (SU), Tourmaline Oil (TOU), Whitecap Resources (WCP), Birchcliff Energy (BIR), Bank of Montreal (BMO) and Bank of Nova Scotia (BNS). 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$44.87. How much money does Ovintiv make? Ovintiv (TSE:OVV) has a market capitalization of C$10.97 billion and generates C$13.45 billion in revenue each year. The company earns C$4.37 billion in net income (profit) each year or C$23.09 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ovintiv Inc. 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