Ovintiv Inc. which can be found using ticker (OVV) have now 23 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $78.00 and $42.00 and has a mean target at $58.39. Given that the stocks previous close was at $45.41 this would imply there is now a potential upside of 28.6%. Also worth taking note is the 50 day moving average now sits at $47.31 while the 200 day moving average is $42.02. The total market capitalization for the company now stands at 11.97B. The stock price for the company is currently $43.85 USD
The potential market cap would be $15,387,330,855 based on the market consensus.
The company has a dividend yield of 0.77%. Other points of data to note are a P/E ratio of 4.4, revenue per share of $43.58 and a 10.65% return on assets.
Ovintiv Inc. is an oil and natural gas exploration and production company, which is focused on developing its multi-basin portfolio of oil and natural gas assets located in the United States and Canada. The Company’s operations also include the marketing of oil, natural gas liquids (NGLs) and natural gas. The Company operates through three segments: USA Operations, Canadian Operations and Market Optimization. USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The Market Optimization segment is primarily responsible for the sale of the Company’s production to third party customers. The segment’s activities also include third-party purchases and sales of products.
