Ovintiv (NYSE:OVV) Price Target Raised to $91.00

Ovintiv (NYSE:OVV) had its price objective boosted by National Bank Financial from $83.00 to $91.00 in a research report report published on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently weighed in on the company. Truist Financial reissued a “buy” rating and issued a $73.00 target price (up from $66.00) on shares of Ovintiv in a report on Monday, July 27th. Morgan Stanley set a $67.00 price target on Ovintiv in a research note on Wednesday, August 19th. UBS Group reaffirmed a “buy” rating and set a $85.00 price target on shares of Ovintiv in a research report on Monday, September 14th. Weiss Ratings upgraded shares of Ovintiv from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Finally, Citigroup raised their price objective on shares of Ovintiv from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.67.

Ovintiv Price Performance

Shares of OVV opened at $60.30 on Wednesday. The firm has a fifty day simple moving average of $62.79 and a two-hundred day simple moving average of $59.05. The firm has a market cap of $16.61 billion, a PE ratio of 17.03 and a beta of 0.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. Ovintiv has a 1-year low of $35.47 and a 1-year high of $67.51.

Ovintiv (NYSE:OVV) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.20). Ovintiv had a return on equity of 14.84% and a net margin of 9.43%.The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.37 billion. On average, equities analysts anticipate that Ovintiv will post 7.29 EPS for the current year.

Ovintiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were given a $0.30 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. Ovintiv’s dividend payout ratio is presently 33.90%.

Insider Activity at Ovintiv

In other news, EVP Rachel Moore sold 7,753 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total value of $490,919.96. Following the transaction, the executive vice president owned 72,530 shares of the company’s stock, valued at $4,592,599.60. This trade represents a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Steph & Co. bought a new position in shares of Ovintiv in the first quarter worth about $29,000. Aberdeen Wealth Management LLC bought a new stake in Ovintiv during the 2nd quarter valued at approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ovintiv during the 2nd quarter valued at approximately $32,000. Markowski Investments purchased a new position in Ovintiv in the 2nd quarter worth approximately $39,000. Finally, Root Financial Partners LLC lifted its holdings in Ovintiv by 43.2% in the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock worth $54,000 after purchasing an additional 277 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotia raised its price target to $75 from $70 and upgraded its view to “sector outperform.” The new target implies approximately 24% upside from the referenced price, signaling stronger confidence in Ovintiv’s valuation and operating outlook.
• Positive Sentiment: Ovintiv renewed its annual share-repurchase program after receiving TSX approval. The program supports the company’s commitment to return 50% to 100% of annual non-GAAP free cash flow through dividends and buybacks, potentially boosting per-share value and signaling management’s confidence in cash generation. Ovintiv Renews Annual Share Buy-Back Program
• Positive Sentiment: National Bank Financial reportedly expects Ovintiv’s stock to rise, adding another constructive analyst view, although the available report does not provide specific target or forecast details. Ovintiv Stock Price Expected to Rise, National Bank Financial Analyst Says
• Neutral Sentiment: Zacks Research modestly increased multiple EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028 and several quarterly periods. However, Zacks maintained a “Hold” rating, so the revisions indicate improving expectations but not a strong change in overall recommendation.
• Neutral Sentiment: Director Howard John Mayson acquired 50 deferred share units during the third quarter. The transaction offers a modest insider-alignment signal, though deferred share units are generally tied to director compensation and are not equivalent to a large open-market purchase. Ovintiv Director Acquires 50 Deferred Share Units

Ovintiv Company Profile

Ovintiv Inc (NYSE: OVV) is an energy company engaged in the exploration, development, production and operation of oil and natural gas properties. Its production includes crude oil, condensate, plant condensate, natural gas liquids and natural gas.

The company’s operations are concentrated in North America, with core assets in the Permian Basin, Uinta Basin and Anadarko Basin in the United States, as well as the Montney region in western Canada. Ovintiv also owns and operates related processing, gathering and other midstream infrastructure that supports the production and transportation of its energy products.

Ovintiv was formerly known as Encana Corporation and adopted its current name in 2020.