Ovintiv (NYSE:OVV) Price Target Raised to $60.00

Ovintiv (NYSE:OVV) had its price objective boosted by TD Cowen from $58.00 to $60.00 in a report issued on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. UBS Group lifted their price target on Ovintiv from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Scotiabank raised Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Wells Fargo & Company raised their target price on Ovintiv from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, November 18th. National Bank Financial upped their price target on Ovintiv from $56.00 to $58.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $55.00 price target on shares of Ovintiv in a research report on Thursday, February 19th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ovintiv presently has an average rating of “Moderate Buy” and a consensus target price of $56.17.

Ovintiv Stock Performance

OVV opened at $57.00 on Tuesday. Ovintiv has a 1-year low of $29.80 and a 1-year high of $57.65. The company has a market cap of $16.15 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.88 and a beta of 0.69. The company’s fifty day moving average price is $47.21 and its two-hundred day moving average price is $42.17. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Monday, February 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. Ovintiv had a net margin of 13.94% and a return on equity of 12.00%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the company earned ($0.23) earnings per share. On average, analysts expect that Ovintiv will post 5.59 EPS for the current fiscal year.

Ovintiv Announces Dividend

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Ovintiv

A number of hedge funds have recently made changes to their positions in the business. McIlrath & Eck LLC bought a new position in Ovintiv during the third quarter valued at about $31,000. HM Payson & Co. bought a new stake in Ovintiv in the third quarter worth about $36,000. Foster Dykema Cabot & Partners LLC purchased a new position in Ovintiv in the third quarter valued at about $36,000. Quent Capital LLC purchased a new position in Ovintiv in the third quarter valued at about $37,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Ovintiv during the 4th quarter valued at approximately $38,000. 83.81% of the stock is currently owned by institutional investors.

More Ovintiv News

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.