43.66 USD
Updated Jan 10, 1:34 PM EST
1 day
0.00%
5 days
3.51%
1 month
5.59%
3 months
2.06%
6 months
-7.77%
Year to date
4.93%
1 year
5.61%
5 years
100.74%
10 years
-30.97%
 

About: Ovintiv is a North American oil and natural gas exploration and production company. It focuses on the exploration and development of oil, NGLs, and natural gas reserves. The company has three segments: USA Operations, Canadian Operations, and Market Optimization.

Employees: 1,743

0
Funds holding %
of 6,810 funds
0
Analysts bullish %
of 7 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 222 | Existing positions reduced: 172

14% more call options, than puts

Call options by funds: $97.4M | Put options by funds: $85.6M

5% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 74

0.41% more ownership

Funds ownership: 80.71% [Q2] → 81.12% (+0.41%) [Q3]

0% more funds holding

Funds holding: 538 [Q2] → 538 (+0) [Q3]

19% less capital invested

Capital invested by funds: $10.1B [Q2] → $8.19B (-$1.91B) [Q3]

80% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 1 (-4) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$42
4%
downside
Avg. target
$54
25%
upside
High target
$60
37%
upside

7 analyst ratings

positive
86%
neutral
14%
negative
0%
Wells Fargo
Roger Read
33% 1-year accuracy
34 / 103 met price target
4%downside
$42
Equal-Weight
Maintained
17 Dec 2024
Mizuho
Nitin Kumar
41% 1-year accuracy
30 / 74 met price target
37%upside
$60
Outperform
Maintained
16 Dec 2024
UBS
Josh Silverstein
45% 1-year accuracy
21 / 47 met price target
28%upside
$56
Buy
Maintained
9 Dec 2024
Citigroup
Scott Gruber
47% 1-year accuracy
31 / 66 met price target
24%upside
$54
Buy
Maintained
26 Nov 2024
Scotiabank
Jason Bouvier
0% 1-year accuracy
0 / 2 met price target
21%upside
$53
Sector Outperform
Maintained
18 Nov 2024

Financial journalist opinion

Based on 4 articles about OVV published over the past 30 days

Positive
Zacks Investment Research
4 days ago
Does Ovintiv (OVV) Have the Potential to Rally 39.51% as Wall Street Analysts Expect?
The mean of analysts' price targets for Ovintiv (OVV) points to a 39.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Does Ovintiv (OVV) Have the Potential to Rally 39.51% as Wall Street Analysts Expect?
Positive
Zacks Investment Research
4 days ago
Should Value Investors Buy Ovintiv (OVV) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Should Value Investors Buy Ovintiv (OVV) Stock?
Positive
24/7 Wall Street
1 week ago
Natural Gas Could Rule The Energy World – 5 Dividend Paying Giants To Buy Now
Since peaking at $10.02 in August 2022, natural gas has traded in a range that has bounced between $2.25 and $3.25 since February 2023.
Natural Gas Could Rule The Energy World – 5 Dividend Paying Giants To Buy Now
Positive
Zacks Investment Research
3 weeks ago
Here's Why Ovintiv (OVV) Could be Great Choice for a Bottom Fisher
Ovintiv (OVV) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Here's Why Ovintiv (OVV) Could be Great Choice for a Bottom Fisher
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Predict a 32.91% Upside in Ovintiv (OVV): Here's What You Should Know
The consensus price target hints at a 32.9% upside potential for Ovintiv (OVV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Wall Street Analysts Predict a 32.91% Upside in Ovintiv (OVV): Here's What You Should Know
Positive
Zacks Investment Research
1 month ago
Are Investors Undervaluing Ovintiv (OVV) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Are Investors Undervaluing Ovintiv (OVV) Right Now?
Positive
Zacks Investment Research
1 month ago
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
OVV's solid free cash flow and drilling efficiency boost its appeal, but commodity price volatility and high transportation costs pose risks to future profits.
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
Positive
Zacks Investment Research
1 month ago
Ovintiv's Q3 Earnings Beat Estimates, Revenues Down 12% Y/Y
OVV expects capital expenditure in the range of $525-$575 million for the fourth quarter of 2024 and between $2.28 billion and $2.33 billion for the full year.
Ovintiv's Q3 Earnings Beat Estimates, Revenues Down 12% Y/Y
Positive
Zacks Investment Research
1 month ago
Ovintiv's Twin Deals: What Are the Key Takeaways for Investors?
OVV acquires premium Montney assets and sells Uinta holdings, boosting its oil production capacity and strengthening cash flows.
Ovintiv's Twin Deals: What Are the Key Takeaways for Investors?
Neutral
Zacks Investment Research
1 month ago
Drilling Deep Into the Canadian Upstream Industry: What to Expect?
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise focusing on companies like CNQ, OVV and BTE.
Drilling Deep Into the Canadian Upstream Industry: What to Expect?
Charts implemented using Lightweight Charts™