Ovintiv (NYSE:OVV) Upgraded at Stephens

Stephens upgraded shares of Ovintiv (NYSE:OVV) to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Roth Mkm assumed coverage on shares of Ovintiv in a report on Monday, October 13th. They issued a “neutral” rating and a $42.00 price target for the company. Morgan Stanley cut their price objective on shares of Ovintiv from $48.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Wells Fargo & Company increased their target price on shares of Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 18th. Jefferies Financial Group reissued a “buy” rating and set a $54.00 target price on shares of Ovintiv in a research report on Saturday, January 17th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Ovintiv in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Ovintiv Stock Performance

Shares of NYSE OVV opened at $44.82 on Tuesday. Ovintiv has a 12 month low of $29.80 and a 12 month high of $46.24. The company has a market cap of $11.35 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.58 and a beta of 0.78. The business’s 50 day moving average is $40.31 and its two-hundred day moving average is $39.93. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.43.

Ovintiv (NYSE:OVV) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. Ovintiv had a net margin of 2.64% and a return on equity of 12.22%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.86 billion. On average, equities analysts expect that Ovintiv will post 5.59 EPS for the current year.

Insiders Place Their Bets

In related news, COO Gregory Dean Givens sold 50,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $40.33, for a total value of $2,016,500.00. Following the completion of the transaction, the chief operating officer owned 105,867 shares of the company’s stock, valued at $4,269,616.11. This represents a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ovintiv

Several large investors have recently modified their holdings of the stock. McIlrath & Eck LLC acquired a new position in shares of Ovintiv in the 3rd quarter worth approximately $31,000. IFP Advisors Inc grew its position in Ovintiv by 316.7% in the second quarter. IFP Advisors Inc now owns 846 shares of the company’s stock valued at $32,000 after acquiring an additional 643 shares during the period. HM Payson & Co. bought a new stake in Ovintiv in the third quarter valued at $36,000. Foster Dykema Cabot & Partners LLC acquired a new position in Ovintiv during the third quarter worth $36,000. Finally, Quent Capital LLC bought a new position in shares of Ovintiv during the third quarter valued at $37,000. 83.81% of the stock is currently owned by institutional investors.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: National Bankshares analyst flagged upside for OVV, a bullish note that could support the stock if momentum follows. Ovintiv Stock Price Expected to Rise, National Bankshares Analyst Says
• Positive Sentiment: Stephens initiated coverage at Equal Weight, citing operational strength and attractive valuation — this provides a counterpoint to negative research and may limit downside. Ovintiv started Equal Weight at Stephens
• Neutral Sentiment: Zacks has issued a series of small, mixed estimate tweaks across different quarters (some upward, some downward) over Feb. 2–3 — a sign they are re‑modeling forecasts rather than signaling a single catalytic change. Zacks Research notes
• Negative Sentiment: Zacks Research downgraded OVV from Hold to Strong Sell and lowered several EPS forecasts (examples: Q1 2027 to ~$1.14, Q4 2027 to ~$1.32, FY2027 to ~$4.85). That downgrade and downward revisions are the primary catalyst for today’s selling pressure. Zacks downgrade and estimates

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.