Ovintiv (NYSE:OVV) Price Target Raised to $68.00

Ovintiv (NYSE:OVV) had its target price increased by Mizuho from $55.00 to $68.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Roth Mkm boosted their price objective on shares of Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Barclays lifted their target price on shares of Ovintiv from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday. Scotiabank upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $54.00 price target on shares of Ovintiv in a research note on Saturday, January 17th. Finally, Stephens upgraded Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.17.

Ovintiv Trading Up 1.7%

NYSE:OVV opened at $57.00 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. Ovintiv has a fifty-two week low of $29.80 and a fifty-two week high of $57.65. The stock’s 50-day moving average is $47.21 and its two-hundred day moving average is $42.17. The stock has a market cap of $16.15 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69.

Ovintiv (NYSE:OVV) last issued its earnings results on Monday, February 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.89 billion. Ovintiv had a return on equity of 12.00% and a net margin of 13.94%.During the same quarter in the prior year, the company earned ($0.23) EPS. As a group, equities research analysts forecast that Ovintiv will post 5.59 earnings per share for the current fiscal year.

Ovintiv Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, March 13th. Ovintiv’s payout ratio is currently 24.79%.

Insider Buying and Selling at Ovintiv

In other news, EVP Meghan Nicole Eilers sold 11,582 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $54.78, for a total value of $634,461.96. Following the completion of the sale, the executive vice president directly owned 54,092 shares in the company, valued at approximately $2,963,159.76. This trade represents a 17.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Howard John Mayson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $52.39, for a total transaction of $261,950.00. Following the completion of the sale, the director owned 45,780 shares of the company’s stock, valued at $2,398,414.20. The trade was a 9.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ovintiv

A number of hedge funds and other institutional investors have recently modified their holdings of OVV. Stifel Financial Corp lifted its holdings in Ovintiv by 1.4% during the 4th quarter. Stifel Financial Corp now owns 19,113 shares of the company’s stock worth $749,000 after buying an additional 269 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Ovintiv by 27.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,328 shares of the company’s stock valued at $52,000 after acquiring an additional 287 shares during the last quarter. Fiduciary Financial Group LLC increased its position in Ovintiv by 3.2% in the fourth quarter. Fiduciary Financial Group LLC now owns 9,460 shares of the company’s stock worth $371,000 after purchasing an additional 297 shares during the period. PNC Financial Services Group Inc. raised its holdings in Ovintiv by 2.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,834 shares of the company’s stock worth $599,000 after purchasing an additional 340 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Ovintiv by 9.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,150 shares of the company’s stock valued at $163,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotiabank raised its price target to $65 and put a “sector outperform” on OVV, signaling meaningful upside from current levels. Scotiabank Price Target Raise
• Positive Sentiment: Barclays boosted its target to $62 with an Overweight/Outperform stance — adds institutional credibility to the rally. Barclays Boosts Price Target
• Positive Sentiment: TD Cowen lifted its target to $60 (Buy), another incremental bullish analyst action that can attract flows. TD Cowen Note
• Positive Sentiment: Forbes included Ovintiv on a list of undervalued stocks to buy, which can broaden retail/income investor interest. Forbes Undervalued Stocks
• Neutral Sentiment: Wells Fargo raised its target to $54 but kept an “equal weight” rating — the new target sits below current market levels, so this is not a bullish catalyst and may temper upside for some investors. Wells Fargo Note
• Negative Sentiment: Zacks trimmed multiple near‑term EPS forecasts (Q1–Q4 2026 and FY2027 cuts noted), lowering short‑term earnings expectations — continued revisions would be a downside risk. Zacks Earnings Revisions
• Negative Sentiment: Insider selling: EVP Meghan Eilers sold 11,582 shares (~$54.78 avg), reducing her holding by ~17.6% — a potential negative signal for some investors. Insider Sale Filing

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.