Ovintiv (NYSE:OVV) Stock Lifted to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Ovintiv (NYSE:OVV) from a buy rating to a strong-buy rating in a report released on Saturday morning,Wall Street Zen reports.

Several other research firms have also commented on OVV. National Bank Financial increased their target price on shares of Ovintiv from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday. Roth Capital increased their price objective on Ovintiv from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Scotia raised their price objective on Ovintiv from $70.00 to $75.00 and gave the stock a “sector outperform” rating in a research note on Friday. Weiss Ratings upgraded Ovintiv from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $92.00 target price on Ovintiv and gave the stock a “buy” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Ovintiv Price Performance

Shares of NYSE:OVV opened at $60.30 on Friday. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 17.03 and a beta of 0.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.01 and a quick ratio of 1.01. Ovintiv has a 12 month low of $35.47 and a 12 month high of $67.51. The stock’s 50 day moving average price is $62.79 and its 200 day moving average price is $59.05.

Ovintiv (NYSE:OVV) last issued 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). The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. Equities research analysts anticipate that Ovintiv will post 7.29 earnings per share for the current fiscal year.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued 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 currently 33.90%.

Insiders Place Their Bets

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of Ovintiv stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total value of $490,919.96. Following the completion of the sale, the executive vice president directly owned 72,530 shares in the company, valued at $4,592,599.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.85% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OVV. Steph & Co. bought a new stake in Ovintiv in the first quarter worth $29,000. Aberdeen Wealth Management LLC bought a new stake in shares of Ovintiv during the 2nd quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ovintiv during the 2nd quarter valued at about $32,000. Markowski Investments acquired a new position in shares of Ovintiv during the 2nd quarter valued at about $39,000. Finally, Root Financial Partners LLC raised its stake in shares of Ovintiv by 43.2% in the 1st quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock valued at $54,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Key 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

About Ovintiv

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.