Based on the Ovintiv Inc stock forecast from 16 analysts, the average analyst target price for Ovintiv Inc is USD 56.78 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 Slightly Bullish , which is based on 5 positive signals and 4 negative signals. At the last closing, Ovintiv Inc’s stock price was USD 46.71. Ovintiv Inc’s stock price has changed by +6.67% over the past week, +15.56% over the past month and +4.59% 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) Stock
Based on ratings from 16 analysts Ovintiv Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 27 buy, sell and 8 hold ratings.
OVV stock's dividend yield is 3.06%.
Our analysis grades OVV stock's dividend yield at F. This means that OVV stock's dividend yield is above 29% of the stocks in the Oil & Gas E&P sector in the NYE exchange.
Based on this OVV may be a poor dividend stock for its sector.
Based on targets from 16 analysts, the average taret price for OVV is USD 56.78 over the next 12 months. The maximum analyst target price is USD 70 while the minimum anlayst target price is USD 42.
OVV stock's Price/Earning ratio is 5.50.
Our analysis grades OVV stock's Price / Earning ratio at D. This means that OVV stock's Price/Earning ratio is above 36% of the stocks in the Oil & Gas E&P sector in the NYE exchange.
Based on this OVV may be fairly valued for its sector
The last closing price of OVV's stock was USD 46.71.
The most recent market capitalization for OVV is USD 10.33B.
Based on targets from 16 analysts, the average taret price for OVV is projected at USD 56.78 over the next 12 months.
This means that OVV's stock price may go up by +21.55% 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
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
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.
Underpriced on free cash flow basis
The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
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.
What not to like
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.
Low Dividend Growth
This stock has shown below median dividend 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) Stock
Based on ratings from 16 analysts Ovintiv Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 27 buy, sell and 8 hold ratings.
OVV stock's dividend yield is 3.06%.
Our analysis grades OVV stock's dividend yield at F. This means that OVV stock's dividend yield is above 29% of the stocks in the Oil & Gas E&P sector in the NYE exchange.
Based on this OVV may be a poor dividend stock for its sector.
Based on targets from 16 analysts, the average taret price for OVV is USD 56.78 over the next 12 months. The maximum analyst target price is USD 70 while the minimum anlayst target price is USD 42.
OVV stock's Price/Earning ratio is 5.50.
Our analysis grades OVV stock's Price / Earning ratio at D. This means that OVV stock's Price/Earning ratio is above 36% of the stocks in the Oil & Gas E&P sector in the NYE exchange.
Based on this OVV may be fairly valued for its sector
The last closing price of OVV's stock was USD 46.71.
The most recent market capitalization for OVV is USD 10.33B.
Based on targets from 16 analysts, the average taret price for OVV is projected at USD 56.78 over the next 12 months.
This means that OVV's stock price may go up by +21.55% 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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