UBS Group Forecasts Strong Price Appreciation for Ovintiv (NYSE:OVV) Stock

Ovintiv (NYSE:OVV) had its price objective lifted by analysts at UBS Group from $58.00 to $61.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 23.38% from the stock’s previous close.

OVV has been the subject of a number of other research reports. Stephens upgraded shares of Ovintiv to a “hold” rating in a research report on Tuesday, February 3rd. Citigroup dropped their price target on shares of Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Zacks Research downgraded shares of Ovintiv from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Barclays boosted their target price on shares of Ovintiv from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on Ovintiv from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 18th. Two equities 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 given a Sell rating to the stock. According to MarketBeat, Ovintiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.72.

Ovintiv Price Performance

Ovintiv stock opened at $49.44 on Wednesday. Ovintiv has a 12 month low of $29.80 and a 12 month 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. The business’s 50 day simple moving average is $42.61 and its 200 day simple moving average is $40.75. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.82 and a beta of 0.78.

Ovintiv (NYSE:OVV) last issued its earnings results on Monday, February 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.89 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. Sell-side analysts forecast that Ovintiv will post 5.59 EPS for the current year.

Insider Buying and Selling

In other Ovintiv 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 value of $2,016,500.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Burney Co. grew its stake in Ovintiv by 690.5% in the 2nd quarter. Burney Co. now owns 67,091 shares of the company’s stock worth $2,553,000 after buying an additional 58,604 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ovintiv by 296.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock worth $3,134,000 after acquiring an additional 59,069 shares during the last quarter. Moody Aldrich Partners LLC grew its position in Ovintiv by 152.1% in the third quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock worth $5,670,000 after acquiring an additional 84,730 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in Ovintiv in the third quarter valued at $1,816,000. Finally, SG Americas Securities LLC increased its stake in Ovintiv by 466.2% in the third quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock valued at $5,352,000 after acquiring an additional 109,142 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Trending Headlines about Ovintiv

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

About Ovintiv

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.