Ovintiv Inc. (NYSE:OVV) Receives $63.00 Average PT from Brokerages

Shares of Ovintiv Inc. (NYSE:OVV) have been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $63.00.

Several equities research analysts have recently commented on the stock. TD Cowen raised their target price on shares of Ovintiv from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 17th. Scotiabank raised shares of Ovintiv from an “outperform” rating to a “buy” rating in a research report on Wednesday, May 20th. National Bank Financial raised their target price on shares of Ovintiv from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their target price on shares of Ovintiv from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ovintiv in a research report on Wednesday, February 25th. They issued an “overweight” rating and a $58.00 target price for the company.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research increased its earnings outlook for several Ovintiv periods, including FY2026, FY2027, and FY2028, signaling improving expectations for the company’s profit trajectory.
• Positive Sentiment: The firm also lifted quarterly EPS estimates for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which can reinforce investor confidence in operating performance.
• Neutral Sentiment: Zacks Research maintained a Strong-Buy rating on Ovintiv, adding a supportive analyst backdrop but not changing the overall investment thesis. Ovintiv stock page
• Neutral Sentiment: The broader article notes that Ovintiv still trades below some recent highs and has a current-year consensus earnings estimate of $8.15 per share, so investors may also be weighing whether the new forecasts justify more upside.

Ovintiv Trading Down 1.4%

Shares of OVV opened at $53.54 on Friday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 17.27 and a beta of 0.53. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $57.55 and a two-hundred day simple moving average of $50.11. Ovintiv has a twelve month low of $35.47 and a twelve month high of $63.46.

Ovintiv (NYSE:OVV) last announced its quarterly earnings results on Monday, May 11th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.15. Ovintiv had a net margin of 8.51% and a return on equity of 13.14%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.38 billion. On average, research analysts anticipate that Ovintiv will post 8.17 EPS for the current year.

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 15th. Ovintiv’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Investors Weigh In On Ovintiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Rathbones Group PLC bought a new position in shares of Ovintiv in the 1st quarter worth about $330,000. NewEdge Advisors LLC increased its stake in shares of Ovintiv by 34,635.4% in the 1st quarter. NewEdge Advisors LLC now owns 61,829 shares of the company’s stock worth $3,670,000 after acquiring an additional 61,651 shares in the last quarter. Carlson Capital L.P. increased its stake in shares of Ovintiv by 60.3% in the 1st quarter. Carlson Capital L.P. now owns 34,306 shares of the company’s stock worth $2,036,000 after acquiring an additional 12,906 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Ovintiv by 52.4% in the 1st quarter. Bank of America Corp DE now owns 1,233,202 shares of the company’s stock worth $73,203,000 after acquiring an additional 424,125 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Ovintiv in the 1st quarter worth about $4,107,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

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.