Ovintiv (NYSE:OVV) Stock Price Expected to Rise, National Bankshares Analyst Says

Ovintiv (NYSE:OVV) had its target price lifted by stock analysts at National Bankshares from $54.00 to $56.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 21.74% from the company’s current price.

A number of other research analysts have also recently weighed in on OVV. Wells Fargo & Company lifted their price objective on shares of Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, November 18th. UBS Group reissued a “buy” rating on shares of Ovintiv in a research report on Thursday, January 22nd. Morgan Stanley cut their price objective on Ovintiv from $48.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Finally, Stephens initiated coverage on Ovintiv in a report on Monday. They issued an “equal weight” rating and a $44.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ovintiv has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

Ovintiv Price Performance

OVV opened at $46.00 on Tuesday. The stock’s 50-day moving average price is $40.22 and its 200 day moving average price is $39.89. Ovintiv has a 12-month low of $29.80 and a 12-month high of $46.24. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 2.47 and a beta of 0.78. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43.

Ovintiv (NYSE:OVV) last released its earnings results on Tuesday, November 4th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.06. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.86 billion. Ovintiv had a return on equity of 12.22% and a net margin of 2.64%. As a group, sell-side analysts expect that Ovintiv will post 5.59 earnings per share for the current year.

Insider Activity

In other news, COO Gregory Dean Givens sold 50,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.33, for a total transaction of $2,016,500.00. Following the completion of the transaction, the chief operating officer directly owned 105,867 shares of the company’s stock, valued at approximately $4,269,616.11. This represents a 32.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC acquired a new position in Ovintiv in the third quarter valued at approximately $31,000. IFP Advisors Inc lifted its position in shares of Ovintiv by 316.7% during the 2nd quarter. IFP Advisors Inc now owns 846 shares of the company’s stock worth $32,000 after buying an additional 643 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Ovintiv during the 3rd quarter worth approximately $36,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Ovintiv in the 3rd quarter valued at $36,000. Finally, Quent Capital LLC purchased a new position in shares of Ovintiv in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Ovintiv closed its acquisition of NuVista Energy, expanding its Alberta Montney position and adding production and cash flow that could be accretive to free cash flow and reserves. This strategic deal is the most direct fundamental driver supporting the stock’s gain today. Ovintiv Announces Closing of NuVista Energy Acquisition
• Positive Sentiment: National Bankshares raised its price target from $54 to $56 and keeps an “outperform” rating — a bullish signal that implies ~25–30% upside from current levels and may attract buyers. Analyst Note: National Bankshares Raises PT
• Neutral Sentiment: Stephens initiated/started coverage at Equal Weight (Hold), citing operational strength and attractive valuation — a neutral-to-modestly supportive view that balances the negative Zacks call and helps validate the deal rationale. Ovintiv started Equal Weight at Stephens
• Negative Sentiment: Zacks Research downgraded Ovintiv to “Strong Sell” and issued a series of small downward tweaks to FY2026/Q‑tranche EPS estimates (and mixed tweaks to FY2027), signaling concern about near‑term earnings. A high‑profile “Strong Sell” headline can pressure the stock, especially among quant/overlay strategies that react to ratings changes. Zacks Research Coverage

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.