Ovintiv
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 7,139 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
300% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 4 (+3) [Q4]
46% more call options, than puts
Call options by funds: $134M | Put options by funds: $91.2M
14% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 77
10% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 181
9% more capital invested
Capital invested by funds: $8.19B [Q3] → $8.92B (+$725M) [Q4]
3.17% more ownership
Funds ownership: 81.12% [Q3] → 84.29% (+3.17%) [Q4]
1% less funds holding
Funds holding: 540 [Q3] → 537 (-3) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$42
3%
downside
Avg. target
$55
27%
upside
High target
$60
39%
upside
7 analyst ratings
6 positive
86%
1 neutral
14%
0 negative
0%
Barclays Betty Jiang 53% 1-year accuracy 16 / 30 met price target | 36%upside $59 | Overweight Maintained | 30 Jan 2025 |
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target | 39%upside $60 | Buy Maintained | 13 Jan 2025 |
B of A Securities Noah Hungness 42% 1-year accuracy 5 / 12 met price target | 25%upside $54 | Buy Upgraded | 13 Jan 2025 |
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target | 3%downside $42 | Equal-Weight Maintained | 17 Dec 2024 |
Mizuho Nitin Kumar 49% 1-year accuracy 35 / 71 met price target | 39%upside $60 | Outperform Maintained | 16 Dec 2024 |
Financial journalist opinion
Based on 10 articles about OVV published over the past 30 days
Positive
Zacks Investment Research
1 day ago
Wall Street Analysts Think Ovintiv (OVV) Could Surge 29.09%: Read This Before Placing a Bet
The mean of analysts' price targets for Ovintiv (OVV) points to a 29.1% 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.
Neutral
Zacks Investment Research
1 week ago
Zacks Industry Outlook Tourmaline, Ovintiv and Arc Resources
Tourmaline, Ovintiv and Arc Resources have been highlighted in this Industry Outlook article.
Positive
Zacks Investment Research
2 weeks 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.
Neutral
Zacks Investment Research
2 weeks ago
3 Stocks Offering Exposure to the Canadian Upstream Industry
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise investing in companies like TRMLF, OVV and AETUF.
Positive
Zacks Investment Research
2 weeks ago
Here's Why Investors Should Consider Buying Ovintiv Stock Now
OVV's impressive production growth, strategic expansion and shareholder-focused approach make it a solid investment in the energy market.
Neutral
Zacks Investment Research
2 weeks ago
Ovintiv Completes $2.3B Montney Asset Acquisition in Alberta
OVV finalizes its Montney asset acquisition, adding considerable net acres and oil output to its portfolio.
Negative
Invezz
2 weeks ago
Trade war risks: retaliatory tariffs on the US could hurt these 2 exporters
The US has signed agreements with both Mexico and Canada to delay the implementation of its planned tariffs on its two neighbouring countries by at least 30 days.
Neutral
PRNewsWire
3 weeks ago
Ovintiv Announces Closing of Montney Asset Acquisition
DENVER , Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, strategically located near the Company's current Montney operations with ample access to midstream infrastructure capacity.
Neutral
PRNewsWire
3 weeks ago
Ovintiv Names Terri King to Board of Directors
DENVER , Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025.
Neutral
Zacks Investment Research
4 weeks ago
Ovintiv Finalizes $2 Billion Asset Sale to FourPoint in Uinta Basin
OVV closes a $2 billion deal with FourPoint Resources for 126,000 acres in the Uinta Basin, enhancing its portfolio and strategic focus on high-value assets.
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