Ovintiv (NYSE:OVV) Price Target Raised to $54.00

Ovintiv (NYSE:OVV) had its price target upped by Wells Fargo & Company from $42.00 to $54.00 in a research report report published on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently issued reports on the company. Zacks Research raised Ovintiv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. William Blair started coverage on Ovintiv in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $50.00 price target for the company. Barclays increased their price objective on shares of Ovintiv from $58.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Jefferies Financial Group reissued a “buy” rating and issued a $54.00 target price on shares of Ovintiv in a report on Saturday, January 17th. Finally, The Goldman Sachs Group upped their target price on shares of Ovintiv from $49.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.17.

Ovintiv Trading Up 0.1%

Shares of Ovintiv stock opened at $57.03 on Thursday. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $58.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The company has a market capitalization of $16.16 billion, a P/E ratio of 11.78, a P/E/G ratio of 2.93 and a beta of 0.69. The company has a fifty day moving average of $47.57 and a 200 day moving average of $42.27.

Ovintiv (NYSE:OVV) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the firm earned ($0.23) earnings per share. On average, sell-side analysts anticipate that Ovintiv will post 5.59 earnings per share for the current fiscal year.

Ovintiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, March 13th. Ovintiv’s dividend payout ratio (DPR) is currently 24.79%.

Insider Buying and Selling

In other Ovintiv news, Director Howard John Mayson sold 5,000 shares of Ovintiv stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total value of $261,950.00. Following the sale, the director owned 45,780 shares of the company’s stock, valued at $2,398,414.20. The trade was a 9.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the sale, the executive vice president directly owned 54,092 shares in the company, valued at $2,963,159.76. This trade represents a 17.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC purchased a new position in shares of Ovintiv in the 3rd quarter worth $31,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Ovintiv in the 3rd quarter worth about $36,000. HM Payson & Co. purchased a new stake in shares of Ovintiv during the 3rd quarter valued at about $36,000. Quent Capital LLC purchased a new stake in shares of Ovintiv during the 3rd quarter valued at about $37,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Ovintiv in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotiabank raised its price target from $58 to $65 and put Ovintiv at “sector outperform,” implying meaningful upside and boosting investor enthusiasm. Scotiabank Raises PT to $65
• Positive Sentiment: TD Cowen raised its price target to $60, another analyst lift that helps bid the stock higher after recent strong quarterly results. TD Cowen Boosts PT to $60
• Positive Sentiment: An analyst upgrade pushed Ovintiv to a new 12‑month high, signaling renewed institutional interest. Ovintiv Sets New 12-Month High
• Positive Sentiment: Forbes included Ovintiv on a list of “best undervalued stocks,” which can attract value-seeking investors and retail flows. Forbes Undervalued Stocks
• Neutral Sentiment: Wells Fargo raised its target from $42 to $54 but kept an “equal weight” rating; the new target is slightly below current levels, signaling limited near-term upside despite a higher forecast. Wells Fargo Raises PT to $54
• Neutral Sentiment: Market/sector updates noted by Kalkine reflect typical energy‑sector trading activity rather than company‑specific news, so impacts are likely muted. Energy Sector Update
• Neutral Sentiment: Zacks published commentary on Ovintiv’s Q1 results — the Q1 EPS beat is supportive, but the piece is more analysis than a catalyst. Zacks Weighs In on Q1
• Negative Sentiment: Zacks Research (different note) reports brokers have reduced earnings estimates for Ovintiv, which could cap valuation multiples if revisions continue. Brokers Reduce Earnings Estimates

About Ovintiv

Ovintiv Inc is a North American energy company focused on the exploration, development and production of oil, natural gas and natural gas liquids. Formerly known as Encana Corporation, the company rebranded as Ovintiv in January 2020 and established its headquarters in Denver, Colorado. Ovintiv’s upstream portfolio spans multiple unconventional resource plays, reflecting a strategy centered on high-return projects and disciplined capital allocation.

The company’s core business activities include the acquisition and development of acreage in major shale basins across the United States and Canada.