Scotiabank Raises Ovintiv (NYSE:OVV) Price Target to $65.00

Ovintiv (NYSE:OVV) had its target price increased by investment analysts at Scotiabank from $58.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 13.11% from the stock’s previous close.

A number of other equities research analysts have also issued reports on OVV. The Goldman Sachs Group upped their price target on Ovintiv from $49.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Roth Mkm lifted their price objective on Ovintiv from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Stephens raised Ovintiv to a “hold” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded Ovintiv from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ovintiv in a research note on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.17.

Ovintiv Price Performance

OVV traded up $1.44 on Thursday, reaching $57.47. 1,108,913 shares of the company’s stock were exchanged, compared to its average volume of 4,957,073. The stock has a market cap of $16.28 billion, a PE ratio of 11.87, a P/E/G ratio of 2.85 and a beta of 0.69. Ovintiv has a twelve month low of $29.80 and a twelve month high of $57.64. The stock’s fifty day moving average price is $46.84 and its 200-day moving average price is $42.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

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

Insider Buying and Selling at Ovintiv

In other Ovintiv news, Director Howard John Mayson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $52.39, for a total transaction of $261,950.00. Following the completion of the sale, the director owned 45,780 shares of the company’s stock, valued at $2,398,414.20. This trade represents a 9.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Meghan Nicole Eilers sold 11,582 shares of Ovintiv stock in a transaction on Friday, March 13th. The shares were sold at an average price of $54.78, for a total value of $634,461.96. Following the completion of the sale, the executive vice president owned 54,092 shares in the company, valued at $2,963,159.76. This represents a 17.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ovintiv

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised 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 in the last quarter. Citigroup Inc. grew its stake in shares of Ovintiv by 42.1% during the third quarter. Citigroup Inc. now owns 174,090 shares of the company’s stock worth $7,030,000 after purchasing an additional 51,562 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Ovintiv in the third quarter valued at $1,816,000. Savant Capital LLC increased its holdings in Ovintiv by 412.9% in the third quarter. Savant Capital LLC now owns 36,771 shares of the company’s stock valued at $1,485,000 after buying an additional 29,602 shares during the last quarter. Finally, Moody Aldrich Partners LLC raised its stake in Ovintiv by 152.1% in the third quarter. Moody Aldrich Partners LLC now owns 140,423 shares of the company’s stock valued at $5,670,000 after buying an additional 84,730 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

More Ovintiv News

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Multiple brokerages raised price targets and ratings this week, lifting sentiment and buying interest — Mizuho raised its target to $68 and moved to Outperform, supporting upside momentum. Mizuho Price Target Raise
• Positive Sentiment: Barclays increased its target to $62 and gave an Overweight call, adding institutional credibility to the rally. Barclays Boosts Price Target
• Positive Sentiment: TD Cowen bumped its target to $60 and reiterated a Buy, which likely contributed to intraday gains. TD Cowen Note
• Positive Sentiment: Broader sector strength — rising crude prices amid Middle East tensions — is lifting energy names including Ovintiv, supporting better near‑term earnings potential and investor flows. Sector Tailwinds
• Neutral Sentiment: Ovintiv recently declared a quarterly dividend ($0.30/share) and posted a strong quarterly EPS beat in February — supportive fundamentals but not a near‑term catalyst on their own. MarketBeat Company Note
• Negative Sentiment: Zacks Research trimmed multiple near‑term and FY EPS estimates (cuts to several 2026–2027 quarter and full‑year forecasts and a Hold rating), increasing downside risk if revisions continue. Zacks Estimates Cut
• Negative Sentiment: Insider selling: EVP Meghan Eilers sold 11,582 shares at about $54.78 (disclosed in an SEC filing). While insider sales can be for personal reasons, they may be viewed negatively by 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.