Ovintiv Inc. (OVV)Energy | Oil & Gas E&P | Denver, United States | NYSE
64.59 USD
-0.59
(-0.905%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 64.59 |
Hot Take ↕ | Aug. 22, 2026, 2:29 a.m. EDT
The investment case for Ovintiv is currently bifurcated between a compelling turnaround narrative and a stubborn historical reality. Fundamentally, the company is showing signs of life with a 48.5% surge in quarterly earnings and a forward P/E of just 9.1, suggesting the market is pricing in a massive recovery. The acquisition of NuVista Energy and a robust free cash flow yield of 13% provide a strong operational floor. However, the long-term outlook is clouded by a brutal nine-year price trajectory; the stock has lost nearly 18% cumulatively over the last decade, and the most recent three years have been a relentless decline. This multi-year structural deterioration suggests the market still views the core business as impaired despite the recent earnings beat. While the dividend yield of 1.8% is attractive, it is not aggressive enough to compensate for the capital destruction seen over the last half-decade. For the short term, options flow indicates smart money is betting on a bounce toward the $70 level, supported by the low forward valuation and recent earnings surprise. Yet, until the price history stops its downward march, the long-term thesis remains fragile. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.106486 |
| AutoARIMA | 0.113396 |
| AutoETS | 0.113835 |
| MSTL | 0.116930 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 38% |
| H-stat | 22.79 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.229 |
| Excess Kurtosis | -1.06 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Ex Dividend Date | 2026-09-14 |
| Last Dividend Date | 2026-06-14 |
| Debt to Equity Ratio | 43.734 |
| Revenue per Share | 36.017 |
| Market Cap | 17,865,592,832 |
| Trailing P/E | 18.19 |
| Forward P/E | 8.80 |
| Beta | 0.54 |
| Profit Margins | 9.66% |
| Website | https://www.ovintiv.com |
As of Aug. 22, 2026, 2:29 a.m. EDT: Speculators are positioning for a moderate rebound, evidenced by heavy call open interest at the $70 strike across near-term expirations, which sits above current prices. However, put volume remains significant, particularly in the $55-$60 range for October, indicating a floor is being established. The skew shows a 'long gamma' setup where traders expect volatility to expand but remain cautious about immediate downside risks, creating a balanced but slightly bullish bias.
| 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 | 0.51087725 |
| Address1 | 370 17th Street |
| Address2 | Suite 1700 |
| All Time High | 496.8 |
| All Time Low | 2.1 |
| Ask | 65.6 |
| Ask Size | 200 |
| Audit Risk | 3 |
| Average Analyst Rating | 1.5 - Buy |
| Average Daily Volume10 Day | 3,470,150 |
| Average Daily Volume3 Month | 3,276,009 |
| Average Volume | 3,276,009 |
| Average Volume10Days | 3,470,150 |
| Beta | 0.538 |
| Bid | 64.59 |
| Bid Size | 300 |
| Board Risk | 1 |
| Book Value | 41.573 |
| City | Denver |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 1 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 64.59 |
| Current Ratio | 1.008 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 65.62 |
| Day Low | 63.935 |
| Debt To Equity | 43.734 |
| Dividend Date | 1,790,640,000 |
| Dividend Rate | 1.2 |
| Dividend Yield | 1.84 |
| Earnings Call Timestamp End | 1,784,905,200 |
| Earnings Call Timestamp Start | 1,784,905,200 |
| Earnings Growth | 0.373 |
| Earnings Quarterly Growth | 0.485 |
| Earnings Timestamp | 1,784,836,800 |
| Earnings Timestamp End | 1,793,822,400 |
| Earnings Timestamp Start | 1,793,822,400 |
| Ebitda | 4,881,999,872 |
| Ebitda Margins | 0.51265 |
| Enterprise To Ebitda | 4.532 |
| Enterprise To Revenue | 2.323 |
| Enterprise Value | 22,123,776,000 |
| Eps Current Year | 7.2728 |
| Eps Forward | 7.33792 |
| Eps Trailing Twelve Months | 3.55 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,789,430,400 |
| 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 | 59.3034 |
| Fifty Day Average Change | 5.286598 |
| Fifty Day Average Change Percent | 0.089144945 |
| Fifty Two Week Change Percent | 51.087727 |
| Fifty Two Week High | 67.44 |
| Fifty Two Week High Change | -2.850006 |
| Fifty Two Week High Change Percent | -0.042259876 |
| Fifty Two Week Low | 35.47 |
| Fifty Two Week Low Change | 29.119995 |
| Fifty Two Week Low Change Percent | 0.8209753 |
| Fifty Two Week Range | 35.47 - 67.44 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,018,272,600,000 |
| Five Year Avg Dividend Yield | 2.25 |
| Float Shares | 274,068,206 |
| Forward Eps | 7.33792 |
| Forward P E | 8.802221 |
| Free Cashflow | 1,230,499,968 |
| Full Exchange Name | NYSE |
| Full Time Employees | 1,465 |
| Fullday Change | -0.59000397 |
| Fullday Change Percent | -0.9051917 |
| Fullday Price | 64.59 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.53859 |
| Gross Profits | 5,128,999,936 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00463 |
| Held Percent Institutions | 0.96329004 |
| Implied Shares Outstanding | 276,600,000 |
| 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 the Montney 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 | 17,865,592,832 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1241057 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 920,000,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 18,028,788,000 |
| Number Of Analyst Opinions | 22 |
| Open | 65.45 |
| Operating Cashflow | 4,454,000,128 |
| Operating Margins | 0.36176997 |
| Overall Risk | 1 |
| Payout Ratio | 0.3352 |
| Peg Ratio | 1.85 |
| Phone | 303 623 2300 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 64.59 |
| Post Market Time | 1,787,959,804 |
| Previous Close | 65.18 |
| Price Eps Current Year | 8.881036 |
| Price Hint | 2 |
| Price To Book | 1.5536524 |
| Price To Sales Trailing12 Months | 1.8760467 |
| Profit Margins | 0.09661 |
| Quick Ratio | 0.924 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 1.54167 |
| Region | US |
| Regular Market Change | -0.590004 |
| Regular Market Change Percent | -0.905192 |
| Regular Market Day High | 65.62 |
| Regular Market Day Low | 63.935 |
| Regular Market Day Range | 63.935 - 65.62 |
| Regular Market Open | 65.45 |
| Regular Market Previous Close | 65.18 |
| Regular Market Price | 64.59 |
| Regular Market Time | 1,787,947,202 |
| Regular Market Volume | 2,155,668 |
| Return On Assets | 0.08638 |
| Return On Equity | 0.08411 |
| Revenue Growth | 0.297 |
| Revenue Per Share | 36.017 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 1 |
| Shares Outstanding | 276,600,000 |
| Shares Percent Shares Out | 0.0433 |
| Shares Short | 11,971,837 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 14,258,541 |
| Short Name | Ovintiv Inc. (DE) |
| Short Percent Of Float | 0.0484 |
| Short Ratio | 3.42 |
| Source Interval | 15 |
| State | CO |
| Symbol | OVV |
| Target High Price | 85.0 |
| Target Low Price | 55.0 |
| Target Mean Price | 74.13636 |
| Target Median Price | 75.0 |
| Total Cash | 700,000,000 |
| Total Cash Per Share | 2.541 |
| Total Debt | 5,029,000,192 |
| Total Revenue | 9,523,000,320 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.2 |
| Trailing Annual Dividend Yield | 0.018410556 |
| Trailing Eps | 3.55 |
| Trailing P E | 18.194365 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 52.0252 |
| Two Hundred Day Average Change | 12.564796 |
| Two Hundred Day Average Change Percent | 0.24151365 |
| Type Disp | Equity |
| Volume | 2,155,668 |
| Website | https://www.ovintiv.com |
| Zip | 80,202 |