44.22 USD
-1.18
2.60%
Updated Feb 12, 12:47 PM EST
1 day
-2.60%
5 days
1.49%
1 month
-0.85%
3 months
5.36%
6 months
2.62%
Year to date
6.27%
1 year
3.83%
5 years
168.98%
10 years
-35.45%
 

About: Ovintiv is a North American oil and natural gas exploration and production company. It focuses on the exploration and development of oil, NGLs, and natural gas reserves. The company has three segments: USA Operations, Canadian Operations, and Market Optimization.

Employees: 1,743

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 8 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

29% more repeat investments, than reductions

Existing positions increased: 222 | Existing positions reduced: 172

14% more call options, than puts

Call options by funds: $97.4M | Put options by funds: $85.6M

5% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 74

0.41% more ownership

Funds ownership: 80.71% [Q2] → 81.12% (+0.41%) [Q3]

0% more funds holding

Funds holding: 539 [Q2] → 539 (+0) [Q3]

19% less capital invested

Capital invested by funds: $10.1B [Q2] → $8.19B (-$1.91B) [Q3]

80% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 1 (-4) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$42
5%
downside
Avg. target
$55
24%
upside
High target
$60
36%
upside

8 analyst ratings

positive
88%
neutral
13%
negative
0%
Barclays
Betty Jiang
47% 1-year accuracy
14 / 30 met price target
33%upside
$59
Overweight
Maintained
30 Jan 2025
Truist Securities
Neal Dingmann
35% 1-year accuracy
55 / 156 met price target
36%upside
$60
Buy
Maintained
13 Jan 2025
B of A Securities
Noah Hungness
33% 1-year accuracy
4 / 12 met price target
22%upside
$54
Buy
Upgraded
13 Jan 2025
Wells Fargo
Roger Read
37% 1-year accuracy
41 / 111 met price target
5%downside
$42
Equal-Weight
Maintained
17 Dec 2024
Mizuho
Nitin Kumar
40% 1-year accuracy
29 / 72 met price target
36%upside
$60
Outperform
Maintained
16 Dec 2024

Financial journalist opinion

Based on 15 articles about OVV published over the past 30 days

Neutral
Zacks Investment Research
2 days ago
Zacks Industry Outlook Tourmaline, Ovintiv and Arc Resources
Tourmaline, Ovintiv and Arc Resources have been highlighted in this Industry Outlook article.
Zacks Industry Outlook Tourmaline, Ovintiv and Arc Resources
Positive
Zacks Investment Research
5 days ago
Should Value Investors Buy Ovintiv (OVV) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Should Value Investors Buy Ovintiv (OVV) Stock?
Neutral
Zacks Investment Research
5 days ago
3 Stocks Offering Exposure to the Canadian Upstream Industry
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise investing in companies like TRMLF, OVV and AETUF.
3 Stocks Offering Exposure to the Canadian Upstream Industry
Positive
Zacks Investment Research
5 days ago
Here's Why Investors Should Consider Buying Ovintiv Stock Now
OVV's impressive production growth, strategic expansion and shareholder-focused approach make it a solid investment in the energy market.
Here's Why Investors Should Consider Buying Ovintiv Stock Now
Neutral
Zacks Investment Research
1 week ago
Ovintiv Completes $2.3B Montney Asset Acquisition in Alberta
OVV finalizes its Montney asset acquisition, adding considerable net acres and oil output to its portfolio.
Ovintiv Completes $2.3B Montney Asset Acquisition in Alberta
Negative
Invezz
1 week ago
Trade war risks: retaliatory tariffs on the US could hurt these 2 exporters
The US has signed agreements with both Mexico and Canada to delay the implementation of its planned tariffs on its two neighbouring countries by at least 30 days.
Trade war risks: retaliatory tariffs on the US could hurt these 2 exporters
Neutral
PRNewsWire
1 week ago
Ovintiv Announces Closing of Montney Asset Acquisition
DENVER , Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, strategically located near the Company's current Montney operations with ample access to midstream infrastructure capacity.
Ovintiv Announces Closing of Montney Asset Acquisition
Neutral
PRNewsWire
2 weeks ago
Ovintiv Names Terri King to Board of Directors
DENVER , Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025.
Ovintiv Names Terri King to Board of Directors
Neutral
Zacks Investment Research
2 weeks ago
Ovintiv Finalizes $2 Billion Asset Sale to FourPoint in Uinta Basin
OVV closes a $2 billion deal with FourPoint Resources for 126,000 acres in the Uinta Basin, enhancing its portfolio and strategic focus on high-value assets.
Ovintiv Finalizes $2 Billion Asset Sale to FourPoint in Uinta Basin
Neutral
PRNewsWire
2 weeks ago
Ovintiv Announces Closing of Uinta Asset Sale
DENVER , Jan. 22, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE, TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. "The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our portfolio and extending inventory runway in our core areas," said Ovintiv President and CEO, Brendan McCracken.
Ovintiv Announces Closing of Uinta Asset Sale
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