Ovintiv Inc. (NYSE:OVV) Stock Has Average Target Price of $70.45 According to Analysts

18 Oct 2026, 06:44 by Tristan Rich · The Markets Daily

Ovintiv Inc. (NYSE:OVV – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $70.64.

A number of analysts have issued reports on the stock. Stephens reissued a “positive” rating and issued a $69.00 price objective on shares of Ovintiv in a report on Friday, July 24th. Scotiabank reaffirmed a “sector outperform” rating and set a $75.00 target price (up from $70.00) on shares of Ovintiv in a report on Friday, October 2nd. Texas Capital raised shares of Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Roth Capital lifted their price target on shares of Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Ovintiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd.

View Our Latest Stock Report on OVV

Ovintiv Trading Up 4.7%

Shares of Ovintiv stock opened at $69.25 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50-day moving average of $63.60 and a 200-day moving average of $59.50. Ovintiv has a 52-week low of $35.47 and a 52-week high of $69.37. The stock has a market cap of $19.08 billion, a PE ratio of 19.56 and a beta of 0.65.

Ovintiv (NYSE:OVV – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.37 billion. As a group, sell-side analysts forecast that Ovintiv will post 7.54 EPS for the current year.

Ovintiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Ovintiv’s dividend payout ratio is currently 33.90%.

Insider Transactions at Ovintiv

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

Hedge Funds Weigh In On Ovintiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steph & Co. acquired a new stake in shares of Ovintiv during the 1st quarter worth $29,000. Aberdeen Wealth Management LLC bought a new position in shares of Ovintiv in the second quarter worth $32,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Ovintiv in the second quarter worth $32,000. Markowski Investments bought a new position in shares of Ovintiv in the second quarter worth $39,000. Finally, Root Financial Partners LLC raised its stake in Ovintiv by 43.2% in the first quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock valued at $54,000 after purchasing an additional 277 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv Company Profile

(Get Free Report)

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.