Truist Financial Issues Positive Forecast for Ovintiv (NYSE:OVV) Stock Price

Posted by Stanley Muller on Nov 6th, 2026

Ovintiv (NYSE:OVV – Free Report) had its price objective hoisted by Truist Financial from $77.00 to $90.00 in a research note released on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Roth Capital lifted their price target on shares of Ovintiv from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. National Bank Financial increased their price objective on shares of Ovintiv from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Stifel Nicolaus assumed coverage on shares of Ovintiv in a report on Wednesday, September 9th. They issued a “buy” rating and a $92.00 price target on the stock. Citigroup lifted their price objective on Ovintiv from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Barclays increased their target price on Ovintiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.33.

View Our Latest Stock Report on Ovintiv

Ovintiv Price Performance

Shares of NYSE OVV opened at $60.99 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.01 and a current ratio of 0.84. Ovintiv has a one year low of $36.81 and a one year high of $73.61. The firm has a market capitalization of $16.39 billion, a P/E ratio of 8.87 and a beta of 0.57. The company’s fifty day moving average is $64.91 and its two-hundred day moving average is $57.91.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 15th. Ovintiv’s dividend payout ratio is 24.19%.

Insider Buying and Selling

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total transaction of $490,919.96. Following the transaction, the executive vice president owned 72,530 shares in the company, valued at $4,592,599.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ovintiv

A number of large investors have recently added to or reduced their stakes in the company. Man Group plc acquired a new position in shares of Ovintiv during the second quarter valued at approximately $936,000. Bank of America Corp DE bought a new stake in Ovintiv in the second quarter worth about $79,475,000. Corient Private Wealth LP acquired a new stake in Ovintiv during the second quarter valued at approximately $9,481,000. PensionDanmark Pensionsforsikringsaktieselskab acquired a new position in Ovintiv in the second quarter worth approximately $4,738,000. Finally, Core Capital Management & Research inc. acquired a new stake in shares of Ovintiv during the 2nd quarter valued at $4,716,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Ovintiv

Here are the key news stories impacting Ovintiv this week:

Positive Sentiment: Truist raised its price target to $90 from $77 and reiterated a Buy rating. Stifel Nicolaus also maintained its Buy rating.
Positive Sentiment: Barclays raised its target to $80 from $75 and kept an Overweight rating. Wells Fargo trimmed its target slightly, to $81 from $82, but also maintained an Overweight rating.
Positive Sentiment: Ovintiv declared a quarterly dividend of $0.30 per share, equivalent to $1.20 annually. Stifel Nicolaus Remains a Buy on Ovintiv
Neutral Sentiment: The company maintained its full-year 2026 production guidance and provided fourth-quarter guidance. It also shifted some fourth-quarter spending to the Permian; the articles provided do not specify the expected financial impact. Ovintiv provides Q4 production guidance
Negative Sentiment: Third-quarter earnings were $1.94 per share, narrowly below the $1.96 consensus estimate, though well above $1.03 a year earlier. Ovintiv lags Q3 earnings estimates
Negative Sentiment: Coverage flagged approval hurdles and integration risks around Ovintiv’s Logan deal, creating uncertainty about execution and potential shareholder value. Logan deal approval and integration risks

About Ovintiv

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Ovintiv Inc is an independent energy company engaged in the exploration, development, production and marketing of oil, condensate, natural gas liquids and natural gas. The company’s operations are focused on North America, with production and resource development activities in the United States and Canada.

Ovintiv’s U.S. operations include assets in the Permian Basin of Texas and New Mexico and the Uinta Basin of Utah. In Canada, the company’s portfolio includes the Montney and Horn River natural gas and liquids-rich plays in British Columbia and Alberta.