Ovintiv (OVV)

• Market cap: $8.79B
• 1 day: 0.57%
• 5 days: 4.10%
• 1 month: -21.48%
• 3 months: -26.19%
• 6 months: -14.81%
• Year to date: -18.84%
• 1 year: -36.01%
• 5 years: 575.40%
• 10 years: -51.89%
• Sector: Energy
• Industry: Oil & Gas Exploration & Production

About: Ovintiv Inc is a North American oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Its operations also include the marketing of oil, NGLs and natural gas. The company has two operating segments: USA Operations, and Canadian Operations. The USA Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States. The Canadian Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada.

Employees: 1,623

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

300% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 4 (+3) [Q4]

59% more call options, than puts

Call options by funds: $146M | Put options by funds: $92.3M

24% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 78

11% more repeat investments, than reductions

Existing positions increased: 203 | Existing positions reduced: 183

10% more capital invested

Capital invested by funds: $8.13B [Q3] → $8.93B (+$795M) [Q4]

3.85% more ownership

Funds ownership: 80.51% [Q3] → 84.35% (+3.85%) [Q4]

2% more funds holding

Funds holding: 541 [Q3] → 552 (+11) [Q4]

Research analyst outlook

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

• Low target: $45 33% upside
• Avg. target: $52 53% upside
• High target: $59 75% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Wells Fargo Roger Read 25% 1-year accuracy 29 / 115 met price target	36% upside $46	Equal-Weight Maintained	22 Apr 2025
Morgan Stanley Devin McDermott 29% 1-year accuracy 8 / 28 met price target	69% upside $57	Overweight Reinstated	26 Mar 2025
JP Morgan Arun Jayaram 28% 1-year accuracy 11 / 39 met price target	33% upside $45	Overweight Maintained	13 Mar 2025
Barclays Betty Jiang 16% 1-year accuracy 5 / 31 met price target	75% upside $59	Overweight Maintained	30 Jan 2025