Summer Sale
50% off Premium Yearly
TSE:OVV
Ovintiv (OVV.TO)
Financials 
Technical Analysis 
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium content
Premium contentOVV holds highly productive assets in the Montney, Anadarko and Permian basins. They have worked hard to optimize assets following the acquisition of Newfield in 2019. We like that it has maintained cash reserves while reducing debt and it trades under 2x book value. The dividend is backed by a payout ratio under 10% of cash flow. We recommend placing a stop-loss at $49, looking to achieve $81 -- upside potential of 29%. Yield 2.1%
(Analysts’ price target is $81.05)
Premium content
The former Encanna moved to the US. It was a disappointment to the market. During the pandemic they decided to move it to the US from where the new CEO was managing the assets. See his top picks today. It would be okay to own this as a short term play.
Are their Nova Scotia assets holding back share price? It's very much a U.S. company now and are doing well. They're one of the best producers in the Permian Basin. Has good growth ahead. Pays a modest dividend though the PE is reasonable. Their offshore Nova Scotia assets are hard to read.
VET vs OVV? They are both stocks he would not own. OVV participated well on expected index buying in the US, but they are no longer able to attract US investors based on their share price. It is a non-starter for sure. VET cut the dividend and they changed management, but it will be a long road. They can't sell assets to help reduce debt and they can't raise the dividend. They are in far too many geographical areas and he thinks they have lost focus.
The company thought they would attract passive US money from investors when the changed the name from Encana and re-located to the US. Now that it is down 65% this year, it is now below the threshold to be included in the passive index. There is now no reason to own this stock at all.
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
Ovintiv (OVV.TO) Frequently Asked Questions
What is Ovintiv stock symbol?
Ovintiv is a Canadian stock, trading under the symbol OVV.TO (previously OVV-T on Stockchase) on the Toronto Stock Exchange (OVV-CT). It is usually referred to as TSX:OVV or OVV.TO
Is Ovintiv a buy or a sell?
In the last year, no analyst issued a Buy, Sell, or Hold rating on OVV.TO (previously OVV-T on Stockchase) on Stockchase. Read the latest expert commentary for Ovintiv.
Is Ovintiv a good investment or a top pick?
Ovintiv was recommended as a Top Pick by Douglas Kee on 2020-02-20. Read the latest stock experts ratings for Ovintiv.
Why is Ovintiv stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Ovintiv.
Is Ovintiv worth watching?
Ovintiv is followed by 59 investors on Stockchase and is a trending stock that is worth watching.
What is Ovintiv stock price?
On 2026-06-19, Ovintiv (OVV.TO) stock closed at a price of $74.51.
Well run company with strong management team. Large asset base in shale plays. Excellent return on capital. Expecting further growth in energy sector. Business generating large amounts of cash flow. Would recommend buying.