Ovintiv Inc. (TSE:OVV) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Ovintiv Inc. (TSE:OVV) have earned an average recommendation of “Strong Buy” from the ten research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and seven have given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$75.00.

OVV has been the subject of several recent analyst reports. Wells Fargo & Company raised Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$80.00 price target for the company in a research report on Monday, June 22nd. Truist Financial upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Monday, March 23rd. Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 target price for the company in a report on Wednesday, May 20th. Finally, Texas Capital upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th.

Ovintiv Stock Up 2.1%

Shares of TSE:OVV opened at C$80.98 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 66.59. The stock has a fifty day simple moving average of C$78.50 and a two-hundred day simple moving average of C$72.35. Ovintiv has a 12-month low of C$50.13 and a 12-month high of C$86.86. The stock has a market capitalization of C$22.76 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 0.05 and a beta of 0.39.

Ovintiv (TSE:OVV) last released its earnings results on Monday, May 11th. The company reported C($3.27) EPS for the quarter. Ovintiv had a return on equity of 7.13% and a net margin of 8.59%.The company had revenue of C$3.52 billion during the quarter. On average, research analysts anticipate that Ovintiv will post 5.6577693 earnings per share for the current fiscal year.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 annualized dividend and a yield of 1.5%. Ovintiv’s dividend payout ratio is 39.47%.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks Research raised its forecast for Q1 2027 EPS to $1.72 from $1.66, signaling improved near-term earnings expectations for Ovintiv. Ovintiv stock page
• Positive Sentiment: The firm also increased estimates for several other periods, including Q2 2027 ($2.11), Q3 2027 ($2.01), Q4 2027 ($2.01), FY2027 ($7.85), Q1 2028 ($2.50), Q2 2028 ($2.54), and FY2028 ($10.15), reinforcing a bullish longer-term earnings view. Ovintiv stock page
• Neutral Sentiment: Zacks slightly trimmed Q4 2026 EPS to $2.21 from $2.22, but the reduction was minor and unlikely to outweigh the broader round of upward revisions. Ovintiv stock page

About Ovintiv

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.