Based on the Ovintiv Inc stock forecast from 1 analysts, the average analyst target price for Ovintiv Inc is CAD 75.00 over the next 12 months. Ovintiv Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Ovintiv Inc is Neutral, which is based on 7 positive signals and 8 negative signals. At the last closing, Ovintiv Inc’s stock price was CAD 59.12. Ovintiv Inc’s stock price has changed by +1.04% over the past week, -0.39% over the past month and -3.87% over the last year.
No recent analyst target price found for Ovintiv Inc
No recent average analyst rating found for Ovintiv Inc
Company Overview Ovintiv Inc
Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. Read Less
Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal ass...Read More
Frequently Asked Questions About Ovintiv Inc (OVV:CA) Stock
Based on ratings from 1 analysts Ovintiv Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 1 buy, sell and hold ratings.
OVV:CA stock's dividend yield is 2.79%.
Our analysis grades OVV:CA stock's dividend yield at F. This means that OVV:CA stock's dividend yield is above 20% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this OVV:CA may be a poor dividend stock for its sector.
Based on targets from 1 analysts, the average taret price for OVV:CA is CAD 75.00 over the next 12 months. The maximum analyst target price is CAD 75 while the minimum anlayst target price is CAD 75.
OVV:CA stock's Price/Earning ratio is 5.72.
Our analysis grades OVV:CA stock's Price / Earning ratio at C. This means that OVV:CA stock's Price/Earning ratio is above 27% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this OVV:CA may be undervalued for its sector.
The last closing price of OVV:CA's stock was CAD 59.12.
The most recent market capitalization for OVV:CA is CAD 15.64B.
Based on targets from 1 analysts, the average taret price for OVV:CA is projected at CAD 75.00 over the next 12 months.
This means that OVV:CA's stock price may go up by +26.86% over the next 12 months.
We can't find any ETFs which contains Ovintiv Inc's stock.
As per our most recent records Ovintiv Inc has 1,743 Employees.
Ovintiv Inc's registered address is 370 17th Street, Denver, CO, United States, 80202.
You can get more information about it from Ovintiv Inc's website at https://www.ovintiv.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Dividend Growth
This stock has shown below median dividend growth in the previous 5 years compared to its sector.
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Frequently Asked Questions About Ovintiv Inc (OVV:CA) Stock
Based on ratings from 1 analysts Ovintiv Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Neutral. The stock has 1 buy, sell and hold ratings.
OVV:CA stock's dividend yield is 2.79%.
Our analysis grades OVV:CA stock's dividend yield at F. This means that OVV:CA stock's dividend yield is above 20% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this OVV:CA may be a poor dividend stock for its sector.
Based on targets from 1 analysts, the average taret price for OVV:CA is CAD 75.00 over the next 12 months. The maximum analyst target price is CAD 75 while the minimum anlayst target price is CAD 75.
OVV:CA stock's Price/Earning ratio is 5.72.
Our analysis grades OVV:CA stock's Price / Earning ratio at C. This means that OVV:CA stock's Price/Earning ratio is above 27% of the stocks in the Oil & Gas E&P sector in the TSX exchange.
Based on this OVV:CA may be undervalued for its sector.
The last closing price of OVV:CA's stock was CAD 59.12.
The most recent market capitalization for OVV:CA is CAD 15.64B.
Based on targets from 1 analysts, the average taret price for OVV:CA is projected at CAD 75.00 over the next 12 months.
This means that OVV:CA's stock price may go up by +26.86% over the next 12 months.
We can't find any ETFs which contains Ovintiv Inc's stock.
As per our most recent records Ovintiv Inc has 1,743 Employees.
Ovintiv Inc's registered address is 370 17th Street, Denver, CO, United States, 80202.
You can get more information about it from Ovintiv Inc's website at https://www.ovintiv.com.
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