National Bank Financial Issues Positive Forecast for Ovintiv (NYSE:OVV) Stock Price

Ovintiv (NYSE:OVV) had its target price raised by analysts at National Bank Financial from $56.00 to $58.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 18.21% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. William Blair began coverage on shares of Ovintiv in a research report on Wednesday, November 26th. They set an “outperform” rating and a $50.00 target price for the company. TD Cowen upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Monday, February 9th. Evercore reiterated an “outperform” rating and set a $47.00 price target on shares of Ovintiv in a report on Thursday, November 6th. Citigroup dropped their price objective on Ovintiv from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Finally, Barclays increased their price target on Ovintiv from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ovintiv presently has an average rating of “Moderate Buy” and a consensus target price of $52.56.

Ovintiv Price Performance

Ovintiv stock traded down $1.03 on Wednesday, reaching $49.07. The company’s stock had a trading volume of 3,115,737 shares, compared to its average volume of 4,959,598. Ovintiv has a twelve month low of $29.80 and a twelve month high of $51.60. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 2.86 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 0.45. The business’s fifty day moving average price is $42.16 and its 200 day moving average price is $40.63.

Ovintiv (NYSE:OVV) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.41. Ovintiv had a net margin of 13.94% and a return on equity of 12.29%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned ($0.23) EPS. Equities analysts expect that Ovintiv will post 5.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Ovintiv

In related news, COO Gregory Dean Givens sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $40.33, for a total transaction of $2,016,500.00. Following the completion of the sale, the chief operating officer owned 105,867 shares of the company’s stock, valued at $4,269,616.11. This trade represents a 32.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Ovintiv by 263.8% in the 3rd quarter. AQR Capital Management LLC now owns 4,949,637 shares of the company’s stock valued at $199,866,000 after acquiring an additional 3,589,030 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Ovintiv by 116.3% during the fourth 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 period. Adage Capital Partners GP L.L.C. grew its holdings in shares of Ovintiv by 143.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 3,739,237 shares of the company’s stock worth $142,278,000 after purchasing an additional 2,205,233 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ovintiv by 25.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,389,865 shares of the company’s stock valued at $379,165,000 after buying an additional 1,927,193 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in Ovintiv during the 4th quarter valued at $61,528,000. Institutional investors own 83.81% of the company’s stock.

Key Headlines Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets. Barclays raised its price target to $58 and put an “overweight” rating on OVV, and JPMorgan initiated coverage with an “overweight” and $58 target — each implies roughly ~18% upside from the stock’s recent level. UBS also reiterated OVV as a top E&P pick and raised its target to $58, supporting positive sentiment from the sell-side. Benzinga
• Positive Sentiment: Strong fourth-quarter results and cash generation. Ovintiv reported Q4 EPS of $1.39, well above consensus (about $0.98), and delivered solid operating cash flow and non‑GAAP free cash flow; management outlined a shareholder-return framework targeting at least 75% of free cash flow to returns (dividend + buybacks). This supports buyback activity and higher returns to shareholders. PR Newswire: Press Release
• Positive Sentiment: Corporate actions improving balance sheet / returns. Ovintiv closed the NuVista acquisition (~$2.7B) and reached an agreement to sell Anadarko assets for ~$3.0B — a combination that increases scale in core areas and funds shareholder returns (buybacks + dividend). These moves are part of management’s stated “strategic transformation.” PR Newswire: Press Release
• Positive Sentiment: Declared quarterly dividend. Ovintiv declared a quarterly dividend of $0.30 per share (ex-dividend March 13), adding a modest yield (~2.4%) and supporting income-oriented investor interest.
• Neutral Sentiment: Detailed investor materials and call transcript available. Management provided an earnings presentation and full Q4 earnings call transcript that detail production, capital plans (~$2.25–2.35B for 2026) and 2026 volume guidance (620–645 MBOE/d). These materials help investors model cash flow and returns but don’t change the headline beat. Slide Deck Call Transcript
• Neutral Sentiment: Analyst/coverage notes and metric deep-dives. Zacks and other outlets posted detailed breakdowns — EPS beat, production gains, and how key metrics compared with estimates. Useful for modeling but largely reiterative. Zacks: Q4 Earnings
• Negative Sentiment: Revenue slipped year‑over‑year and commodity-price headwinds remain. While EPS beat on higher production and cost control, revenues fell amid weaker oil prices — a vulnerability if prices stay soft. That helps explain intraday selling pressure (profit-taking and concerns over commodity exposure). Zacks: Revenue Decline

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.