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NYSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

Ovintiv logo
$37.78 +0.04 (+0.11%)
(As of 12/20/2024 05:40 PM ET)

About Ovintiv Stock (NYSE:OVV)

Key Stats

Today's Range
$37.54
$38.29
50-Day Range
$37.74
$46.72
52-Week Range
$36.90
$55.95
Volume
10.75 million shs
Average Volume
3.09 million shs
Market Capitalization
$9.84 billion
P/E Ratio
5.01
Dividend Yield
3.18%
Price Target
$56.59
Consensus Rating
Moderate Buy

Company Overview

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.

Ovintiv Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
95th Percentile Overall Score

OVV MarketRank™: 

Ovintiv scored higher than 95% of companies evaluated by MarketBeat, and ranked 20th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ovintiv 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 Coverage

    Ovintiv has been the subject of 9 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 Growth

    Earnings for Ovintiv are expected to decrease by -8.07% in the coming year, from $5.45 to $5.01 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ovintiv is 5.01, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ovintiv is 5.01, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.18.

  • Price to Book Value per Share Ratio

    Ovintiv has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.65% of the float of Ovintiv has been sold short.
  • Short Interest Ratio / Days to Cover

    Ovintiv has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ovintiv has recently decreased by 0.23%, indicating that investor sentiment is improving.
  • Dividend Yield

    Ovintiv pays a meaningful dividend of 3.16%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Ovintiv does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Ovintiv is 15.92%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Ovintiv will have a dividend payout ratio of 23.95% next year. This indicates that Ovintiv will be able to sustain or increase its dividend.

  • Read more about Ovintiv's dividend.
  • Percentage of Shares Shorted

    1.65% of the float of Ovintiv has been sold short.
  • Short Interest Ratio / Days to Cover

    Ovintiv has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ovintiv has recently decreased by 0.23%, indicating that investor sentiment is improving.
  • News Sentiment

    Ovintiv 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 Week

    MarketBeat has tracked 11 news articles for Ovintiv this week, compared to 7 articles on an average week.
  • Search Interest

    Only 5 people have searched for OVV on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Ovintiv to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Ovintiv insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.70% of the stock of Ovintiv is held by insiders.

  • Percentage Held by Institutions

    83.81% 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.
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OVV Stock News Headlines

We recommended Palantir in 2021, now we’re recommending this...
My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
Wells Fargo Sticks to Its Hold Rating for Ovintiv (OVV)
Ovintiv price target lowered to $56 from $59 at UBS
Ovintiv price target lowered to $51 from $54 at JPMorgan
Ovintiv price target raised to $53 from $50 at Scotiabank
See More Headlines

OVV Stock Analysis - Frequently Asked Questions

Ovintiv's stock was trading at $43.92 at the beginning of the year. Since then, OVV stock has decreased by 14.0% and is now trading at $37.78.
View the best growth stocks for 2024 here
.

Ovintiv Inc. (NYSE:OVV) posted its earnings results on Tuesday, November, 2nd. The company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.05 billion. Ovintiv had a trailing twelve-month return on equity of 17.87% and a net margin of 20.15%.

Top institutional shareholders of Ovintiv include FMR LLC (7.77%), State Street Corp (4.05%), Hotchkis & Wiley Capital Management LLC (3.15%) and Pacer Advisors Inc. (2.48%). 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
.

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.

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 Earnings
11/02/2021
Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Ex-Dividend for 12/31 Dividend
12/13/2024
Today
12/22/2024
Dividend Payable
12/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Employees
1,743
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$56.59
High Stock Price Target
$69.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+49.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$2.09 billion
Pretax Margin
24.87%

Debt

Sales & Book Value

Annual Sales
$10.13 billion
Cash Flow
$12.43 per share
Book Value
$38.00 per share

Miscellaneous

Free Float
255,898,000
Market Cap
$9.84 billion
Optionable
Optionable
Beta
2.63
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This page (NYSE:OVV) was last updated on 12/23/2024 by MarketBeat.com Staff
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