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

Ovintiv (NYSE:OVV) had its price objective lifted by research analysts at National Bank Financial from $56.00 to $58.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 17.31% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Wells Fargo & Company raised their target price on shares of Ovintiv from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 18th. Roth Mkm boosted their price target on Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday. Zacks Research downgraded Ovintiv from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Finally, UBS Group lifted their price objective on Ovintiv from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.72.

Ovintiv Stock Performance

NYSE:OVV opened at $49.44 on Wednesday. The stock has a 50 day simple moving average of $42.61 and a 200 day simple moving average of $40.75. The stock has a market cap of $14.01 billion, a P/E ratio of 10.21, a PEG ratio of 2.82 and a beta of 0.78. Ovintiv has a 1-year low of $29.80 and a 1-year high of $51.60. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 0.39.

Ovintiv (NYSE:OVV) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.41. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned ($0.23) EPS. Research analysts anticipate that Ovintiv will post 5.59 earnings per share for the current year.

Insiders Place Their Bets

In other Ovintiv news, COO Gregory Dean Givens sold 50,000 shares of the firm’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 sale, the chief operating officer owned 105,867 shares of the company’s stock, valued at approximately $4,269,616.11. This trade represents a 32.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

Institutional Trading of Ovintiv

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in Ovintiv by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,059,334 shares of the company’s stock worth $433,418,000 after acquiring an additional 1,669,469 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ovintiv by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,890,315 shares of the company’s stock valued at $387,601,000 after purchasing an additional 203,256 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Ovintiv by 14.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,743,543 shares of the company’s stock worth $264,281,000 after purchasing an additional 855,043 shares in the last quarter. Millennium Management LLC lifted its stake in Ovintiv by 116.3% in the 4th quarter. Millennium Management LLC now owns 5,692,806 shares of the company’s stock valued at $223,101,000 after purchasing an additional 3,060,691 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Ovintiv by 13.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 5,462,109 shares of the company’s stock valued at $214,060,000 after purchasing an additional 650,000 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Ovintiv News Summary

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Q4 earnings beat consensus and helped push OVV to a 12-month high — the company topped EPS estimates and production rose, supporting earnings momentum and investor confidence. Ovintiv (NYSE:OVV) Hits New 12-Month High on Better-Than-Expected Earnings
• Positive Sentiment: Multiple major firms raised price targets and ratings this week (UBS, Barclays, National Bank Financial, JPMorgan), signaling stronger analyst conviction and adding buying pressure from fund and model-driven investors. Analyst Coverage/Price Target Moves
• Positive Sentiment: Short interest fell sharply (down ~36% month-over-month to ~10.2M shares), lowering potential short-squeeze risk and removing some selling pressure from the stock. This reduction in shorts can mechanically support higher prices given OVV’s trading volume. (No external link)
• Neutral Sentiment: Zacks reports the Q4 beat was accompanied by year-over-year revenue decline tied to weaker oil prices — a mixed result that underscores earnings strength but also exposure to commodity price swings. Ovintiv Q4 Earnings Surpass Estimates, Revenues Decline Y/Y
• Neutral Sentiment: A comparative piece on Seeking Alpha discusses Ovintiv versus a peer, offering investor viewpoints that could attract interest but are opinion-based rather than news-driven. Ovintiv Vs. Paramount Resources: Why It’s Time To Buy One And Sell The Other

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.