Ovintiv (NYSE:OVV) Sets New 1-Year High – What’s Next?

Posted by Brian Himes on Oct 26th, 2026

Shares of Ovintiv Inc. (NYSE:OVV – Get Free Report) hit a new 52-week high during trading on Monday. The company traded as high as $73.00 and last traded at $72.1480, with a volume of 3,098,866 shares. The stock had previously closed at $72.27.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Ovintiv from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Scotiabank raised their target price on shares of Ovintiv from $75.00 to $80.00 and gave the stock a “sector outperform” rating in a report on Monday, October 19th. Scotia boosted their price target on Ovintiv from $70.00 to $75.00 and gave the company a “sector outperform” rating in a research note on Friday, October 2nd. Stifel Nicolaus set a $92.00 price objective on Ovintiv and gave the stock a “buy” rating in a research note on Wednesday, September 9th. Finally, Roth Capital lifted their price objective on Ovintiv from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ovintiv presently has a consensus rating of “Moderate Buy” and an average price target of $71.45.

Read Our Latest Analysis on Ovintiv

Ovintiv Stock Performance

The firm’s 50-day simple moving average is $64.32 and its two-hundred day simple moving average is $59.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The company has a market cap of $20.22 billion, a PE ratio of 20.74 and a beta of 0.65.

Ovintiv (NYSE:OVV – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.20). The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Ovintiv had a net margin of 9.43% and a return on equity of 14.84%. As a group, research analysts anticipate that Ovintiv Inc. will post 7.77 earnings per share for the current fiscal year.

Insider Activity at Ovintiv

In other Ovintiv news, EVP Rachel Moore sold 7,753 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $63.32, for a total value of $490,919.96. Following the transaction, the executive vice president owned 72,530 shares in the company, valued at approximately $4,592,599.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Ovintiv

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sigma Planning Corp purchased a new stake in Ovintiv during the 3rd quarter worth approximately $930,000. Signaturefd LLC boosted its stake in Ovintiv by 10.0% during the 3rd quarter. Signaturefd LLC now owns 22,477 shares of the company’s stock worth $1,300,000 after purchasing an additional 2,046 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of Ovintiv by 105.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,505 shares of the company’s stock worth $492,000 after acquiring an additional 4,368 shares during the period. Inspire Investing LLC lifted its holdings in shares of Ovintiv by 15.1% in the 3rd quarter. Inspire Investing LLC now owns 64,828 shares of the company’s stock valued at $3,748,000 after buying an additional 8,486 shares during the period. Finally, MBL Wealth LLC acquired a new stake in shares of Ovintiv in the 3rd quarter worth approximately $204,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

About Ovintiv

(Get Free Report)

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.