Ovintiv (OVV) Stock Forecast, Price & News

1 Wall Street research 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 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.

1 equities research analysts have issued 1-year target prices for Ovintiv's stock. Their OVV share price forecasts range from C$55.00 to C$55.00. On average, they expect 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.

Ovintiv's stock was trading at C$68.56 at the beginning of 2023. Since then, OVV shares have decreased by 34.6% and is now trading at C$44.87.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our OVV earnings forecast.

Ovintiv announced a quarterly dividend on Sunday, April 2nd. Stockholders 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 annualized dividend and a yield of 3.62%. The ex-dividend date is Wednesday, June 14th. This is a positive change from the stock's previous quarterly dividend of C$0.33.
Read our dividend analysis for OVV.

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.

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).

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

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.
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One share of OVV stock can currently be purchased for approximately C$44.87.

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.

The company employs 1,713 workers across the globe.

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.