Ovintiv Inc. (OVV)Energy | Oil & Gas E&P | Denver, United States | NYSE
56.51 USD
+0.98
(1.765%)
⇧
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:53 a.m. EDT
Ovintiv presents a compelling value case obscured by recent underperformance. Fundamentally, the company is trading at an attractive 5x EV/EBITDA with a forward P/E of just 7.3x, supported by a robust free cash flow yield of 13%. The balance sheet remains healthy despite elevated debt, and the recent acquisition of NuVista Energy signals strategic growth. While the stock has suffered a 13% decline year-to-date, this is a single-year dip within a nine-year window that remains slightly positive overall; it is not a multi-year structural collapse. The dividend, now yielding 2.2%, is well-covered at a 39% payout ratio and has been consistently increased, providing a solid floor for income investors. The primary headwind is the lack of recent price momentum and the defensive positioning of options traders, who are betting on further weakness. However, the gap between the current price and the $71 analyst mean target, combined with the cheap valuation metrics, suggests the market is overly pessimistic. This is a solid long-term buy for patient capital, though the short-term path remains choppy. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.043499 |
| AutoETS | 0.044353 |
| AutoARIMA | 0.044843 |
| AutoTheta | 0.046038 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 44% |
| H-stat | 3.96 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.356 |
| Excess Kurtosis | -0.99 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Ex Dividend Date | 2026-06-14 |
| Last Dividend Date | 2026-06-14 |
| Debt to Equity Ratio | 67.572 |
| Revenue per Share | 34.208 |
| Market Cap | 15,880,359,936 |
| Trailing P/E | 18.29 |
| Forward P/E | 7.61 |
| Beta | 0.54 |
| Profit Margins | 8.70% |
| Website | https://www.ovintiv.com |
As of July 11, 2026, 3:53 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume relative to calls, particularly in the near term where put volume significantly exceeds open interest. This suggests a fear of downside volatility rather than a bullish breakout. However, there is notable open interest concentration at higher strikes ($60-$70) for longer-dated expirations, indicating some hedging against a potential recovery or a belief that the current low levels may not persist indefinitely.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.55% | 2.60% | 2.71% | 2.48% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-15 | 0.300 | 0.552384 |
| 2026-03-13 | 0.300 | 0.542201 |
| 2025-12-15 | 0.300 | 0.764526 |
| 2025-09-15 | 0.300 | 0.737644 |
| 2025-06-13 | 0.300 | 0.716503 |
| 2025-03-14 | 0.300 | 0.740192 |
| 2024-12-13 | 0.300 | 0.740558 |
| 2024-09-13 | 0.300 | 0.772997 |
| 2024-06-14 | 0.300 | 0.654879 |
| 2024-03-14 | 0.300 | 0.589739 |
| 2023-12-14 | 0.300 | 0.688389 |
| 2023-09-14 | 0.300 | 0.622665 |
| 2023-06-14 | 0.300 | 0.813449 |
| 2023-03-14 | 0.250 | 0.675858 |
| 2022-12-14 | 0.250 | 0.498405 |
| 2022-09-14 | 0.250 | 0.466070 |
| 2022-06-14 | 0.250 | 0.447628 |
| 2022-03-14 | 0.200 | 0.456204 |
| 2021-12-14 | 0.140 | 0.435730 |
| 2021-09-14 | 0.140 | 0.488656 |
| 2021-06-14 | 0.094 | 0.308399 |
| 2021-03-12 | 0.094 | 0.335834 |
| 2020-12-14 | 0.094 | 0.644719 |
| 2020-09-14 | 0.094 | 1.049107 |
| 2020-06-12 | 0.094 | 1.042129 |
| 2020-03-12 | 0.094 | 3.615385 |
| 2019-12-12 | 0.095 | 0.452381 |
| 2019-09-12 | 0.095 | 0.405983 |
| 2019-06-13 | 0.095 | 0.384615 |
| 2019-03-14 | 0.095 | 0.262431 |
| 2018-12-13 | 0.075 | 0.241158 |
| 2018-09-13 | 0.075 | 0.124069 |
| 2018-06-14 | 0.075 | 0.118110 |
| 2018-03-14 | 0.075 | 0.135135 |
| 2017-12-14 | 0.075 | 0.129088 |
| 2017-09-14 | 0.075 | 0.143678 |
| 2017-06-13 | 0.075 | 0.154321 |
| 2017-03-13 | 0.075 | 0.140977 |
| 2016-12-13 | 0.075 | 0.116460 |
| 2016-09-13 | 0.075 | 0.156250 |
| 2016-06-13 | 0.075 | 0.187500 |
| 2016-03-11 | 0.075 | 0.267380 |
| 2015-12-11 | 0.350 | 1.158940 |
| 2015-09-11 | 0.350 | 0.969529 |
| 2015-06-11 | 0.350 | 0.570497 |
| 2015-03-11 | 0.350 | 0.625000 |
| 2014-12-11 | 0.350 | 0.556439 |
| 2014-09-11 | 0.350 | 0.313620 |
| 2014-06-11 | 0.350 | 0.294365 |
| 2014-03-12 | 0.350 | 0.351582 |
| 2013-12-11 | 0.350 | 0.386527 |
| 2013-09-11 | 1.000 | 1.148765 |
| 2013-06-12 | 1.000 | 1.135718 |
| 2013-03-13 | 1.000 | 1.054296 |
| 2012-12-12 | 1.000 | 0.963855 |
| 2012-09-12 | 1.000 | 0.876808 |
| 2012-06-13 | 1.000 | 0.992556 |
| 2012-03-13 | 1.000 | 1.003512 |
| 2011-12-13 | 1.000 | 1.079331 |
| 2011-09-13 | 1.000 | 0.869565 |
| 2011-06-13 | 1.000 | 0.633714 |
| 2011-03-11 | 1.000 | 0.651254 |
| 2010-12-13 | 1.000 | 0.698568 |
| 2010-09-13 | 1.000 | 0.684229 |
| 2010-06-11 | 1.000 | 0.596481 |
| 2010-03-11 | 1.000 | 0.590667 |
| 2009-12-17 | 1.000 | 0.654879 |
| 2009-12-09 | 118.750 | 84.549664 |
| 2009-09-11 | 2.000 | 0.678311 |
| 2009-06-11 | 2.000 | 0.700894 |
| 2009-03-12 | 2.000 | 1.025378 |
| 2008-12-11 | 2.000 | 0.891663 |
| 2008-09-11 | 2.000 | 0.609942 |
| 2008-06-11 | 2.000 | 0.437924 |
| 2008-03-12 | 2.000 | 0.523560 |
| 2007-12-12 | 1.000 | 0.295946 |
| 2007-09-12 | 1.000 | 0.330633 |
| 2007-06-13 | 1.000 | 0.317309 |
| 2007-03-13 | 1.000 | 0.429369 |
| 2006-12-13 | 0.500 | 0.189753 |
| 2006-09-13 | 0.500 | 0.207987 |
| 2006-06-13 | 0.500 | 0.215703 |
| 2006-03-13 | 0.375 | 0.169760 |
| 2005-12-13 | 0.375 | 0.146714 |
| 2005-09-13 | 0.375 | 0.151485 |
| 2005-06-13 | 0.375 | 0.191620 |
| 2005-03-11 | 0.250 | 0.145455 |
| 2004-12-13 | 0.250 | 0.189215 |
| 2004-09-13 | 0.250 | 0.235960 |
| 2004-06-14 | 0.250 | 0.247280 |
| 2004-03-11 | 0.250 | 0.238607 |
| 2003-12-10 | 0.250 | 0.263713 |
| 2003-09-10 | 0.250 | 0.268312 |
| 2003-06-11 | 0.250 | 0.254712 |
| 2003-03-12 | 0.250 | 0.303490 |
| 2002-12-11 | 0.250 | 0.344116 |
| 2002-09-11 | 0.250 | 0.332668 |
| 2002-06-12 | 0.250 | 0.342466 |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.334535 |
| Address1 | 370 17th Street |
| Address2 | Suite 1700 |
| All Time High | 496.8 |
| All Time Low | 2.1 |
| Ask | 0.0 |
| Ask Size | 100 |
| Audit Risk | 3 |
| Average Analyst Rating | 1.5 - Buy |
| Average Daily Volume10 Day | 2,469,640 |
| Average Daily Volume3 Month | 3,433,255 |
| Average Volume | 3,433,255 |
| Average Volume10Days | 2,469,640 |
| Beta | 0.538 |
| Bid | 0.0 |
| Bid Size | 200 |
| Board Risk | 1 |
| Book Value | 40.884 |
| City | Denver |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 1 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 56.51 |
| Current Ratio | 0.565 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 57.16 |
| Day Low | 55.98 |
| Debt To Equity | 67.572 |
| Dividend Date | 1,782,777,600 |
| Dividend Rate | 1.2 |
| Dividend Yield | 2.16 |
| Earnings Call Timestamp End | 1,784,923,200 |
| Earnings Call Timestamp Start | 1,784,923,200 |
| Earnings Timestamp | 1,784,836,800 |
| Earnings Timestamp End | 1,784,836,800 |
| Earnings Timestamp Start | 1,784,836,800 |
| Ebitda | 4,392,000,000 |
| Ebitda Margins | 0.49543 |
| Enterprise To Ebitda | 5.388 |
| Enterprise To Revenue | 2.669 |
| Enterprise Value | 23,664,361,472 |
| Eps Current Year | 7.69585 |
| Eps Forward | 7.42814 |
| Eps Trailing Twelve Months | 3.09 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,781,481,600 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 303 623 2400 |
| Fifty Day Average | 56.9594 |
| Fifty Day Average Change | -0.44940186 |
| Fifty Day Average Change Percent | -0.007889863 |
| Fifty Two Week Change Percent | 33.4535 |
| Fifty Two Week High | 63.46 |
| Fifty Two Week High Change | -6.950001 |
| Fifty Two Week High Change Percent | -0.10951782 |
| Fifty Two Week Low | 35.47 |
| Fifty Two Week Low Change | 21.039997 |
| Fifty Two Week Low Change Percent | 0.59317726 |
| Fifty Two Week Range | 35.47 - 63.46 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,018,272,600,000 |
| Five Year Avg Dividend Yield | 2.25 |
| Float Shares | 279,571,355 |
| Forward Eps | 7.42814 |
| Forward P E | 7.607557 |
| Free Cashflow | 875,625,024 |
| Full Exchange Name | NYSE |
| Full Time Employees | 1,465 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.5269 |
| Gross Profits | 4,671,000,064 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00466 |
| Held Percent Institutions | 0.92617995 |
| Implied Shares Outstanding | 281,018,601 |
| Industry | Oil & Gas E&P |
| Industry Disp | Oil & Gas E&P |
| Industry Key | oil-gas-e-p |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,781,481,600 |
| Last Dividend Value | 0.3 |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,580,083,200 |
| Last Split Factor | 1:5 |
| Long Business Summary | Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in northwest Alberta and northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. |
| Long Name | Ovintiv Inc. |
| Market | us_market |
| Market Cap | 15,880,359,936 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1241057 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 771,000,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 15,604,962,913 |
| Number Of Analyst Opinions | 22 |
| Open | 56.6 |
| Operating Cashflow | 3,835,000,064 |
| Operating Margins | 0.2922 |
| Overall Risk | 1 |
| Payout Ratio | 0.39470002 |
| Peg Ratio | 1.85 |
| Phone | 303 623 2300 |
| Pre Market Change | 0.040000916 |
| Pre Market Change Percent | 0.07078555 |
| Pre Market Price | 56.55 |
| Pre Market Time | 1,784,019,766 |
| Previous Close | 55.53 |
| Price Eps Current Year | 7.3429184 |
| Price Hint | 2 |
| Price To Book | 1.3822033 |
| Price To Sales Trailing12 Months | 1.7913547 |
| Profit Margins | 0.086969994 |
| Quick Ratio | 0.494 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.54167 |
| Region | US |
| Regular Market Change | 0.98 |
| Regular Market Change Percent | 1.76481 |
| Regular Market Day High | 57.16 |
| Regular Market Day Low | 55.98 |
| Regular Market Day Range | 55.98 - 57.16 |
| Regular Market Open | 56.6 |
| Regular Market Previous Close | 55.53 |
| Regular Market Price | 56.51 |
| Regular Market Time | 1,783,972,802 |
| Regular Market Volume | 3,247,089 |
| Return On Assets | 0.06467 |
| Return On Equity | 0.07126 |
| Revenue Growth | 0.085 |
| Revenue Per Share | 34.208 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 1 |
| Shares Outstanding | 281,018,601 |
| Shares Percent Shares Out | 0.054 |
| Shares Short | 15,173,965 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 12,805,667 |
| Short Name | Ovintiv Inc. (DE) |
| Short Percent Of Float | 0.0602 |
| Short Ratio | 4.68 |
| Source Interval | 15 |
| State | CO |
| Symbol | OVV |
| Target High Price | 83.0 |
| Target Low Price | 55.0 |
| Target Mean Price | 71.0 |
| Target Median Price | 70.0 |
| Total Cash | 26,000,000 |
| Total Cash Per Share | 0.093 |
| Total Debt | 7,809,999,872 |
| Total Revenue | 8,865,000,448 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.2 |
| Trailing Annual Dividend Yield | 0.021609941 |
| Trailing Eps | 3.09 |
| Trailing P E | 18.288025 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 47.9801 |
| Two Hundred Day Average Change | 8.5299 |
| Two Hundred Day Average Change Percent | 0.17777996 |
| Type Disp | Equity |
| Volume | 3,247,089 |
| Website | https://www.ovintiv.com |
| Zip | 80,202 |