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TSE:OVV

Ovintiv (OVV) Stock Price, News & Analysis

Ovintiv logo
C$55.60 +0.77 (+1.40%)
(As of 12/24/2024 01:21 PM ET)

About Ovintiv Stock (TSE:OVV)

Key Stats

Today's Range
C$54.52
C$55.69
50-Day Range
C$54.02
C$65.26
52-Week Range
C$49.74
C$76.63
Volume
43,308 shs
Average Volume
125,744 shs
Market Capitalization
C$14.66 billion
P/E Ratio
5.69
Dividend Yield
2.91%
Price Target
C$58.50
Consensus Rating
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
36th Percentile Overall Score

OVV MarketRank™: 

Ovintiv scored higher than 36% of companies evaluated by MarketBeat. 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 Buy. The company's average rating score is 3.40, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Ovintiv has only been the subject of 1 research reports in the past 90 days.

  • Read more about Ovintiv's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ovintiv is 5.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ovintiv is 5.69, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.94.

  • Price to Earnings Growth Ratio

    Ovintiv has a PEG Ratio of 0.05. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Ovintiv has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for OVV.
  • Dividend Yield

    Ovintiv pays a meaningful dividend of 2.72%, 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 16.58%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Ovintiv's dividend.
  • Short Interest

    There is no current short interest data available for OVV.
  • News Sentiment

    Ovintiv has a news sentiment score of -0.09. 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 0.53 average news sentiment score of Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Ovintiv this week, compared to 2 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 -55% 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 0.49% of the stock of Ovintiv is held by insiders.

  • Percentage Held by Institutions

    83.18% 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

Ovintiv price target lowered to $60 from $63 at Mizuho
Media Humiliated: Demo of Elon’s Tech Proves They’re Wrong
Elon Musk believes his new AI product will be worth an incredible $9 trillion. But the mainstream media is not buying it.
J.P. Morgan Sticks to Their Buy Rating for Ovintiv (OVV)
Ovintiv (OVV) Gets a Hold from RBC Capital
Truist Financial Reaffirms Their Buy Rating on Ovintiv (OVV)
Ovintiv’s Strategic Acquisition Boosts Portfolio and Enhances Cash Flow
Ovintiv price target raised to $46 from $42 at Wells Fargo
See More Headlines

OVV Stock Analysis - Frequently Asked Questions

Ovintiv's stock was trading at C$58.16 on January 1st, 2024. Since then, OVV stock has decreased by 4.4% and is now trading at C$55.60.
View the best growth stocks for 2024 here
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ovintiv investors own include Goldcorp (GG), Suncor Energy (SU), Toronto-Dominion Bank (TD), Cenovus Energy (CVE), Aurora Cannabis (ACB), Enbridge (ENB) and First Quantum Minerals (FM).

Company Calendar

Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Ex-Dividend for 12/31 Dividend
12/13/2024
Today
12/25/2024
Dividend Payable
12/31/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
Petroleum And Natural Gas
CIK
N/A
Fax
N/A
Employees
1,740
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$58.50
High Stock Price Target
C$68.00
Low Stock Price Target
C$49.00
Potential Upside/Downside
+5.2%
Consensus Rating
Buy
Rating Score (0-4)
3.40
Research Coverage
5 Analysts

Profitability

Net Income
C$1.94 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$10.30 billion
Cash Flow
C$0.06 per share
Book Value
C$39.11 per share

Miscellaneous

Free Float
N/A
Market Cap
C$14.66 billion
Optionable
Not Optionable
Beta
2.63
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This page (TSE:OVV) was last updated on 12/25/2024 by MarketBeat.com Staff
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