TSE:OVV Ovintiv (OVV) Stock Forecast, Price & News C$66.31 +0.29 (+0.44%) (As of 09/28/2023 ET) Add Compare Share Share Today's RangeC$65.53▼C$66.4850-Day RangeC$55.64▼C$66.3152-Week RangeC$43.23▼C$78.44Volume114,524 shsAverage Volume232,946 shsMarket CapitalizationC$18.10 billionP/E Ratio3.77Dividend Yield2.44%Price TargetC$47.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media Ovintiv MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside29.1% DownsideC$47.00 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider 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.1.56 out of 5 stars 1.0 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$47.00, Ovintiv has a forecasted downside of 29.1% from its current price of C$66.31.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 2.67%, 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 9.20%. 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 1.1 News and Social Media Coverage Search Interest21 people have searched for OVV on MarketBeat in the last 30 days. This is an increase of 200% 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 0.45% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions81.06% 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 3.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 3.77, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 116.71.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 1.95. 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, 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.Read More OVV Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart OVV Stock News HeadlinesSeptember 18, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Ovintiv Inc. Increased by Zacks Research (TSE:OVV)September 11, 2023 | finance.yahoo.comOvintiv Announces Pricing of Offering of Common Stock by a Selling StockholderSeptember 28, 2023 | Tradewins (Ad)Successful Options Trading Begins With…Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month! September 11, 2023 | finance.yahoo.comUnveiling Ovintiv (OVV)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 11, 2023 | msn.comOvintiv slips on secondary offeringSeptember 11, 2023 | markets.businessinsider.comOvintiv Announces Secondary Offer Of $15 Mln Of Shares From A Selling StockholderSeptember 11, 2023 | seekingalpha.comOvintiv slips on 15M-share secondary offeringAugust 8, 2023 | finance.yahoo.comHere's Why Ovintiv (TSE:OVV) Has Caught The Eye Of InvestorsSeptember 28, 2023 | Tradewins (Ad)Successful Options Trading Begins With…Options trading expert Wendy Kirkland’s free guide reveals the options trading principles that are as easy to implement as they are to learn and how using them could earn you thousands in extra income each month! August 1, 2023 | msn.comCitigroup Maintains Ovintiv (OVV) Neutral RecommendationJuly 30, 2023 | finance.yahoo.comOvintiv Inc. (NYSE:OVV) Q2 2023 Earnings Call TranscriptJuly 28, 2023 | finance.yahoo.comOvintiv (OVV) Reports Q2 Earnings: What Key Metrics Have to SayJuly 20, 2023 | finance.yahoo.comEarnings Preview: Ovintiv (OVV) Q2 Earnings Expected to DeclineJuly 19, 2023 | nasdaq.comMorgan Stanley Reiterates Ovintiv (OVV) Equal-Weight RecommendationJuly 18, 2023 | msn.comOvintiv resumed at Equal Weight as near-term shareholder returns seen limitedJuly 5, 2023 | finance.yahoo.comDecline in Oil and Gas Prices Dragged Ovintiv (OVV)June 27, 2023 | finance.yahoo.comOvintiv: Proven Reserves Valued at 10 Times Market CapJune 14, 2023 | finance.yahoo.comOvintiv (OVV) Revises Guidance for Q2 and Full-Year 2023June 13, 2023 | markets.businessinsider.comBank of America Securities Sticks to Its Buy Rating for Ovintiv (OVV)June 13, 2023 | bizjournals.comDenver oil company completes $5 billion in deals to boost Texas presenceJune 12, 2023 | msn.comMizuho Reiterates Ovintiv (OVV) Buy RecommendationJune 12, 2023 | markets.businessinsider.comAnalyst Expectations for Ovintiv's FutureJune 12, 2023 | markets.businessinsider.comOvintiv (OVV) Gets a Buy from Mizuho SecuritiesJune 7, 2023 | markets.businessinsider.comMizuho Securities Sticks to Their Buy Rating for Ovintiv (OVV)May 23, 2023 | msn.comCIBC Maintains Ovintiv (OVV) Neutral RecommendationMay 16, 2023 | finance.yahoo.comOvintiv Prices Offering of Senior NotesMay 11, 2023 | msn.comOvintiv: Shareholder-Friendly Company With Solid AssetsSee 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. Email Address OVV Company Calendar Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Last Earnings7/27/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/28/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/14/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolTSE:OVV CUSIPN/A CIKN/A Webwww.ovintiv.com Phone303-623-2300FaxN/AEmployees1,713Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$47.00 High Stock Price ForecastC$47.00 Low Stock Price ForecastC$47.00 Forecasted Upside/Downside-29.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C$17.61 Trailing P/E Ratio3.77 Forward P/E Ratio5.51 P/E Growth0.05Net IncomeC$3.34 billion Net Margins28.37% Pretax MarginN/A Return on Equity44.18% Return on Assets13.95% Debt Debt-to-Equity Ratio76.10 Current Ratio0.45 Quick Ratio0.51 Sales & Book Value Annual SalesC$11.79 billion Price / Sales1.53 Cash FlowC$0.07 per share Price / Cash Flow921.25 Book ValueC$34.01 per share Price / Book1.95Miscellaneous Outstanding Shares272,890,000Free FloatN/AMarket CapC$18.10 billion OptionableOptionable Beta3.54 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Brendan Michael McCracken (Age 47)Pres, CEO & Director Comp: $2.92MMr. Corey Douglas Code (Age 49)Exec. VP & CFO Comp: $1.14MMr. Gregory Dean Givens (Age 50)Exec. VP & COO Comp: $1.39MMs. Renee E. Zemljak (Age 58)Exec. VP of Midstream, Marketing & Fundamentals Comp: $1.05MMs. Rachel Maureen Moore CHRP (Age 51)Exec. VP of Corp. Services Comp: $809.56kMr. Stephen Carter Campbell (Age 54)Sr. VP of Investor Relations Ms. Meghan Nicole Eilers (Age 41)Exec. VP, Gen. Counsel & Corp. Sec. More ExecutivesKey CompetitorsARC ResourcesTSE:ARXTourmaline OilTSE:TOUMEG EnergyTSE:MEGWhitecap ResourcesTSE:WCPPrairieSky RoyaltyTSE:PSKView All Competitors 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? 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$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 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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