While Ovintiv Inc has underperformed by -1.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OVV fell by -16.24%, with highs and lows ranging from $55.95 to $36.62, whereas the simple moving average jumped by 1.16% in the last 200 days.
On March 26, 2025, Morgan Stanley started tracking Ovintiv Inc (NYSE: OVV) recommending Overweight. A report published by BMO Capital Markets on March 24, 2025, Upgraded its rating to ‘Outperform’ for OVV. BofA Securities also Upgraded OVV shares as ‘Buy’, setting a target price of $54 on the company’s shares in a report dated January 13, 2025. Wolfe Research Initiated an Outperform rating on July 18, 2024, and assigned a price target of $65. Evercore ISI June 14, 2024d its ‘In-line’ rating to ‘Outperform’ for OVV, as published in its report on June 14, 2024. Barclays’s report from April 10, 2024 suggests a price prediction of $69 for OVV shares, giving the stock a ‘Overweight’ rating. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Ovintiv Inc (OVV)
Investors in Ovintiv Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.20 per share. Further, the quarter-over-quarter decrease in sales is -21.90%, showing a negative trend in the upcoming months.
One of the most important indicators of Ovintiv Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 10.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.51, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and OVV is recording 3.21M average volume. On a monthly basis, the volatility of the stock is set at 4.09%, whereas on a weekly basis, it is put at 2.17%, with a gain of 2.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $57.88, showing growth from the present price of $43.32, which can serve as yet another indication of whether OVV is worth investing in or should be passed over.
How Do You Analyze Ovintiv Inc Shares?
The Oil & Gas E&P market is dominated by Ovintiv Inc (OVV) based in the USA. When comparing Ovintiv Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.32, there is a growth in quarterly earnings of -107.42%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.52%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OVV shares are owned by institutional investors to the tune of 85.24% at present.
