Barclays Forecasts Strong Price Appreciation for Ovintiv (NYSE:OVV) Stock

Ovintiv (NYSE:OVV) had its price objective upped by Barclays from $55.00 to $58.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 17.94% from the stock’s current price.

A number of other equities research analysts have also recently commented on OVV. Zacks Research cut Ovintiv from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. UBS Group boosted their price target on shares of Ovintiv from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Roth Mkm lifted their price objective on shares of Ovintiv from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. assumed coverage on Ovintiv in a research report on Wednesday. They issued an “overweight” rating and a $58.00 price target for the company. Finally, Stephens upgraded Ovintiv to a “hold” rating in a research note on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.44.

Ovintiv Price Performance

NYSE OVV traded down $0.91 on Wednesday, reaching $49.18. The company’s stock had a trading volume of 2,422,444 shares, compared to its average volume of 4,937,848. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.45 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.86 and a beta of 0.78. Ovintiv has a 52 week low of $29.80 and a 52 week high of $51.60. The business has a 50-day moving average price of $42.16 and a 200 day moving average price of $40.63.

Ovintiv (NYSE:OVV) last issued its quarterly earnings results on Monday, February 23rd. The company reported $1.39 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 company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. Sell-side analysts expect that Ovintiv will post 5.59 EPS for the current year.

Insiders Place Their Bets

In other news, COO Gregory Dean Givens sold 50,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $40.33, for a total value of $2,016,500.00. Following the transaction, the chief operating officer directly owned 105,867 shares of the company’s stock, valued at approximately $4,269,616.11. This represents a 32.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.89% of the stock is currently owned by insiders.

Institutional Trading of Ovintiv

Large investors have recently made changes to their positions in the company. Burney Co. boosted its stake in Ovintiv by 690.5% in the second quarter. Burney Co. now owns 67,091 shares of the company’s stock valued at $2,553,000 after acquiring an additional 58,604 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ovintiv by 296.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 79,012 shares of the company’s stock valued at $3,134,000 after purchasing an additional 59,069 shares during the last quarter. Moody Aldrich Partners LLC boosted its position in shares of Ovintiv by 152.1% in the 3rd quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock valued at $5,670,000 after purchasing an additional 84,730 shares during the period. SG Americas Securities LLC grew its stake in Ovintiv by 466.2% during the 3rd quarter. SG Americas Securities LLC now owns 132,552 shares of the company’s stock worth $5,352,000 after buying an additional 109,142 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Ovintiv during the third quarter worth approximately $1,816,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Q4 earnings beat consensus — OVV reported $1.39 EPS vs. the $0.98 estimate and showed production growth, helping profitability despite top-line pressures. Read More.
• Positive Sentiment: Balance-sheet & strategic moves: Ovintiv closed the NuVista acquisition (~$2.7B), reached a $3.0B agreement to sell Anadarko assets, reported strong cash generation and announced a new shareholder-return framework (targeting ≥75% of 2026 free cash flow to dividends + buybacks; buybacks to start immediately). These actions materially increase near-term cash available for returns. Read More.
• Positive Sentiment: Analyst support picked up: JPMorgan initiated coverage with an “overweight” and a $58 target; UBS reiterated OVV as a top E&P pick and raised its target to $58 — both imply mid-teens upside from current levels. Read More. Read More.
• Positive Sentiment: Dividend and shareholder returns: Board declared a quarterly dividend of $0.30/share (ex-dividend March 13, payable March 31), supporting yield and the company’s capital-return story.
• Neutral Sentiment: Investor materials posted — full Q4 slide deck and earnings-call transcript are available for details on guidance, volumes and unit economics. Useful for modelling 2026 cash flow and capex assumptions. Read More. Read More.
• Negative Sentiment: Revenue pressure and commodity sensitivity — revenues declined year-over-year and management cited weaker oil pricing as a drag; this keeps OVV exposed to near-term oil/gas price moves despite margin resilience. Read More.

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.