NYSE:OVV Ovintiv (OVV) Stock Price, News & Analysis $39.14 -1.25 (-3.09%) (As of 10/28/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Ovintiv Stock (NYSE:OVV) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Ovintiv alerts:Sign Up Key Stats Today's Range$38.98▼$39.6250-Day Range$37.00▼$43.9552-Week Range$36.90▼$55.95Volume2.82 million shsAverage Volume3.09 million shsMarket Capitalization$10.32 billionP/E Ratio5.52Dividend Yield3.07%Price Target$57.00Consensus RatingModerate Buy Company OverviewOvintiv 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.Read More… Elon knows the truth, which is why they want him silenced (Ad)Elon Musk is one of mankind’s greatest innovators. But for all his visionary prowess and contributions to humanity, there is a war being waged on Elon Musk. This war has nothing to do with X, Elon’s stance on immigration or his support for Donald Trump. Watch this new documentary and you’ll discover what Elon knows, Ovintiv Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks96th Percentile Overall ScoreOVV MarketRank™: Ovintiv scored higher than 96% of companies evaluated by MarketBeat, and ranked 14th out of 267 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.4 / 5Analyst RatingModerate Buy Consensus RatingOvintiv has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageOvintiv has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Ovintiv's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth-0.21% Earnings GrowthEarnings for Ovintiv are expected to decrease by -0.21% in the coming year, from $4.83 to $4.82 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ovintiv is 5.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Ovintiv is 5.52, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.39.Price to Earnings Growth RatioOvintiv has a PEG Ratio of 7.81. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOvintiv has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ovintiv's valuation and earnings. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.83% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently decreased by 31.38%, indicating that investor sentiment is improving significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldOvintiv pays a meaningful dividend of 2.97%, 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 16.93%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ovintiv will have a dividend payout ratio of 24.90% next year. This indicates that Ovintiv will be able to sustain or increase its dividend.Read more about Ovintiv's dividend. Sustainability and ESG0.0 / 5Environmental Score-7.65 Percentage of Shares Shorted1.83% of the float of Ovintiv has been sold short.Short Interest Ratio / Days to CoverOvintiv has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ovintiv has recently decreased by 31.38%, indicating that investor sentiment is improving significantly. News and Social Media3.1 / 5News Sentiment0.58 News SentimentOvintiv has a news sentiment score of 0.58. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Ovintiv this week, compared to 6 articles on an average week.Search Interest11 people have searched for OVV on MarketBeat in the last 30 days. This is an increase of 83% compared to the previous 30 days.MarketBeat Follows3 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Ovintiv insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.97% of the stock of Ovintiv is held by insiders.Percentage Held by Institutions83.81% of the stock of Ovintiv is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ovintiv's insider trading history. 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 HeadlinesZacks Research Has Bullish Estimate for Ovintiv Q2 EarningsOctober 26 at 4:02 AM | americanbankingnews.comZacks Research Has Bearish Forecast for Ovintiv Q3 EarningsOctober 26 at 2:03 AM | americanbankingnews.comWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.October 29, 2024 | Porter & Company (Ad)Stock Traders Purchase Large Volume of Ovintiv Call Options (NYSE:OVV)October 24, 2024 | americanbankingnews.comAnalysts Set Ovintiv Inc. (NYSE:OVV) PT at $57.00October 23, 2024 | americanbankingnews.comEquities Analysts Offer Predictions for Ovintiv Q4 EarningsOctober 19, 2024 | americanbankingnews.comJefferies Sticks to Their Buy Rating for Ovintiv (OVV)October 11, 2024 | markets.businessinsider.comOvintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024October 11, 2024 | prnewswire.comSee More Headlines OVV Stock Analysis - Frequently Asked Questions How have OVV shares performed this year? Ovintiv's stock was trading at $43.92 at the start of the year. Since then, OVV shares have decreased by 10.9% and is now trading at $39.14. View the best growth stocks for 2024 here. How were Ovintiv's earnings last quarter? Ovintiv Inc. (NYSE:OVV) announced its earnings results on Tuesday, November, 2nd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.03. The firm earned $1.79 billion during the quarter, compared to analyst estimates of $2.05 billion. Ovintiv had a net margin of 18.56% and a trailing twelve-month return on equity of 18.28%. Who are Ovintiv's major shareholders? Top institutional investors of Ovintiv include Assenagon Asset Management S.A. (0.52%), Wedge Capital Management L L P NC (0.21%), New York State Teachers Retirement System (0.09%) and Raymond James & Associates (0.07%). Insiders that own company stock include Thomas G Ricks, Rachel Maureen Moore, Howard John Mayson, Renee Ellen Zemljak, Meghan Nicole Eilers and Steven W Nance. View institutional ownership trends. How do I buy shares of Ovintiv? Shares of OVV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. 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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), General Electric (GE), Adobe (ADBE) and CrowdStrike (CRWD). Company Calendar Last Earnings7/30/2024Ex-Dividend for 9/27 Dividend9/13/2024Dividend Payable9/27/2024Today10/28/2024Next Earnings (Confirmed)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryPetroleum And Natural Gas Current SymbolNYSE:OVV CUSIPN/A CIK1792580 Webwww.ovintiv.com Phone303-623-2300Fax303-623-2400Employees1,743Year FoundedN/APrice Target and Rating Average Stock Price Target$57.00 High Stock Price Target$69.00 Low Stock Price Target$42.00 Potential Upside/Downside+45.6%Consensus RatingModerate Buy Rating Score (0-4)2.78 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$7.09 Trailing P/E Ratio5.52 Forward P/E Ratio8.10 P/E Growth7.81Net Income$2.09 billion Net Margins18.56% Pretax Margin22.52% Return on Equity18.28% Return on Assets9.31% Debt Debt-to-Equity Ratio0.47 Current Ratio0.44 Quick Ratio0.44 Sales & Book Value Annual Sales$10.88 billion Price / Sales0.95 Cash Flow$12.92 per share Price / Cash Flow3.03 Book Value$38.00 per share Price / Book1.03Miscellaneous Outstanding Shares263,610,000Free Float261,051,000Market Cap$10.32 billion OptionableOptionable Beta2.61 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report This page (NYSE:OVV) was last updated on 10/29/2024 by MarketBeat.com Staff From Our Partnerstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)AI was by far the biggest tech investing trend right now. 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