Ovintiv Inc. (TSE:OVV) Receives C$75.00 Average Price Target from Brokerages

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

OVV has been the topic of several research analyst reports. Citigroup upgraded Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price objective on the stock in a research note on Wednesday, May 20th. Texas Capital upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company raised shares of Ovintiv to a “strong-buy” rating in a report on Wednesday, September 2nd. Finally, Seaport Research Partners upgraded shares of Ovintiv to a “hold” rating in a research report on Wednesday, September 2nd.

Ovintiv Trading Down 0.3%

TSE:OVV opened at C$88.34 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.01 and a debt-to-equity ratio of 43.73. The business’s 50 day moving average is C$86.14 and its two-hundred day moving average is C$80.62. Ovintiv has a 52 week low of C$50.13 and a 52 week high of C$93.43. The company has a market cap of C$24.43 billion, a PE ratio of 24.68, a P/E/G ratio of 0.05 and a beta of 0.37.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Ovintiv’s dividend payout ratio is currently 33.52%.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

• Positive Sentiment: Zacks raised its EPS forecasts for Q3 2026 to $2.03 from $2.02, Q4 2026 to $2.06 from $2.04, Q3 2027 to $1.73 from $1.72, FY2027 to $7.04 from $7.00, Q4 2027 to $1.78 from $1.76, and FY2028 to $9.07 from $9.06. These revisions suggest slightly improved expectations for Ovintiv’s future earnings. Ovintiv earnings estimates
• Neutral Sentiment: Zacks also projects EPS of $2.74 for Q2 2028 and $5.66 for the current full year. The small size of most estimate changes indicates limited near-term impact on valuation or investor sentiment. Ovintiv analyst estimates
• Negative Sentiment: Zacks reduced its FY2026 EPS forecast to $9.24 from $9.27 and its Q2 2028 estimate to $2.74 from $2.75. The downward revisions, although minor, partially offset the positive changes and could weigh on sentiment. Ovintiv reduced earnings estimates

Ovintiv Company Profile

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.