Ovintiv (NYSE:OVV) Stock Rating Upgraded by Wall Street Zen

Ovintiv (NYSE:OVV) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada raised their target price on Ovintiv from $70.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Weiss Ratings raised Ovintiv from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Scotia raised their price target on Ovintiv from $70.00 to $75.00 and gave the company a “sector outperform” rating in a report on Friday. Stephens restated a “positive” rating and set a $69.00 price objective on shares of Ovintiv in a research note on Friday, July 24th. Finally, Zacks Research downgraded shares of Ovintiv from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Ovintiv Trading Down 0.1%

Ovintiv stock opened at $60.30 on Friday. Ovintiv has a 52-week low of $35.47 and a 52-week high of $67.51. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 17.03 and a beta of 0.65. The firm has a 50-day moving average price of $62.79 and a two-hundred day moving average price of $59.08.

Ovintiv (NYSE:OVV) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. Sell-side analysts expect that Ovintiv will post 7.29 earnings per share for the current year.

Insiders Place Their Bets

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of Ovintiv stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $63.32, for a total value of $490,919.96. Following the transaction, the executive vice president owned 72,530 shares in the company, valued at approximately $4,592,599.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Ovintiv

Hedge funds have recently modified their holdings of the stock. Steph & Co. acquired a new stake in Ovintiv during the 1st quarter worth about $29,000. Aberdeen Wealth Management LLC acquired a new position in shares of Ovintiv in the second quarter worth about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Ovintiv in the second quarter worth about $32,000. Markowski Investments purchased a new position in shares of Ovintiv in the second quarter worth approximately $39,000. Finally, Root Financial Partners LLC raised its holdings in shares of Ovintiv by 43.2% during the first quarter. Root Financial Partners LLC now owns 918 shares of the company’s stock valued at $54,000 after acquiring an additional 277 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Ovintiv News Roundup

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Scotia raised its price target to $75 from $70 and upgraded its view to “sector outperform.” The new target implies approximately 24% upside from the referenced price, signaling stronger confidence in Ovintiv’s valuation and operating outlook.
• Positive Sentiment: Ovintiv renewed its annual share-repurchase program after receiving TSX approval. The program supports the company’s commitment to return 50% to 100% of annual non-GAAP free cash flow through dividends and buybacks, potentially boosting per-share value and signaling management’s confidence in cash generation. Ovintiv Renews Annual Share Buy-Back Program
• Positive Sentiment: National Bank Financial reportedly expects Ovintiv’s stock to rise, adding another constructive analyst view, although the available report does not provide specific target or forecast details. Ovintiv Stock Price Expected to Rise, National Bank Financial Analyst Says
• Neutral Sentiment: Zacks Research modestly increased multiple EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028 and several quarterly periods. However, Zacks maintained a “Hold” rating, so the revisions indicate improving expectations but not a strong change in overall recommendation.
• Neutral Sentiment: Director Howard John Mayson acquired 50 deferred share units during the third quarter. The transaction offers a modest insider-alignment signal, though deferred share units are generally tied to director compensation and are not equivalent to a large open-market purchase. Ovintiv Director Acquires 50 Deferred Share Units

Ovintiv Company Profile

Ovintiv Inc (NYSE: OVV) is an energy company engaged in the exploration, development, production and operation of oil and natural gas properties. Its production includes crude oil, condensate, plant condensate, natural gas liquids and natural gas.

The company’s operations are concentrated in North America, with core assets in the Permian Basin, Uinta Basin and Anadarko Basin in the United States, as well as the Montney region in western Canada. Ovintiv also owns and operates related processing, gathering and other midstream infrastructure that supports the production and transportation of its energy products.

Ovintiv was formerly known as Encana Corporation and adopted its current name in 2020.