Ovintiv (NYSE:OVV) Given New $58.00 Price Target at Barclays

Ovintiv (NYSE:OVV) had its price objective increased by equities researchers at Barclays from $55.00 to $58.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 17.94% from the stock’s current price.

Several other research analysts have also recently commented on the company. 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 on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $54.00 price target on shares of Ovintiv in a research report on Saturday, January 17th. Zacks Research lowered Ovintiv from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Citigroup reduced their target price on Ovintiv from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Finally, Scotiabank upgraded Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.44.

Ovintiv Price Performance

Shares of OVV traded down $0.91 during mid-day trading on Wednesday, hitting $49.18. 2,422,444 shares of the company were exchanged, compared to its average volume of 4,937,848. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.78. The company has a 50 day moving average of $42.16 and a 200-day moving average of $40.63. Ovintiv has a 1-year low of $29.80 and a 1-year high of $51.60.

Ovintiv (NYSE:OVV) last released its earnings results on Monday, February 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.98 by $0.41. Ovintiv had a return on equity of 12.29% and a net margin of 13.94%.The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted ($0.23) EPS. Analysts expect that Ovintiv will post 5.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Gregory Dean Givens sold 50,000 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the sale, the chief operating officer directly owned 105,867 shares in the company, valued at $4,269,616.11. This represents a 32.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Ovintiv

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Ovintiv by 263.8% in the third quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock worth $199,866,000 after buying an additional 3,589,030 shares in the last quarter. Millennium Management LLC grew its position in shares of Ovintiv by 116.3% during the fourth quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock worth $223,101,000 after buying an additional 3,060,691 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Ovintiv by 143.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 3,739,237 shares of the company’s stock valued at $142,278,000 after purchasing an additional 2,205,233 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ovintiv by 25.8% in the third quarter. Dimensional Fund Advisors LP now owns 9,389,865 shares of the company’s stock valued at $379,165,000 after acquiring an additional 1,927,193 shares during the period. Finally, Goldentree Asset Management LP acquired a new position in Ovintiv in the fourth quarter valued at $61,528,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Key Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Q4 earnings beat consensus — OVV reported $1.39 EPS vs. the $0.98 estimate and showed production growth, helping profitability despite top-line pressures. Read More.
• Positive Sentiment: Balance-sheet & strategic moves: Ovintiv closed the NuVista acquisition (~$2.7B), reached a $3.0B agreement to sell Anadarko assets, reported strong cash generation and announced a new shareholder-return framework (targeting ≥75% of 2026 free cash flow to dividends + buybacks; buybacks to start immediately). These actions materially increase near-term cash available for returns. Read More.
• Positive Sentiment: Analyst support picked up: JPMorgan initiated coverage with an “overweight” and a $58 target; UBS reiterated OVV as a top E&P pick and raised its target to $58 — both imply mid-teens upside from current levels. Read More. Read More.
• Positive Sentiment: Dividend and shareholder returns: Board declared a quarterly dividend of $0.30/share (ex-dividend March 13, payable March 31), supporting yield and the company’s capital-return story.
• Neutral Sentiment: Investor materials posted — full Q4 slide deck and earnings-call transcript are available for details on guidance, volumes and unit economics. Useful for modelling 2026 cash flow and capex assumptions. Read More. Read More.
• Negative Sentiment: Revenue pressure and commodity sensitivity — revenues declined year-over-year and management cited weaker oil pricing as a drag; this keeps OVV exposed to near-term oil/gas price moves despite margin resilience. Read More.

Ovintiv Company Profile

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.