# Ovintiv Inc. – Consensus ‘buy’ rating and 13.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.consensus-buy-rating-and-13.5-upside-potential/4121130158
- Published: 2023-10-20T15:32:55+01:00
- Author: Charlotte Edwards

**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 target
price High/Low ranges between 78 and 42 suggesting an average Analsyt target price
of $58.22. Given that the stocks previous close was at $51.28 this would imply there
is now a potential upside of 13.5%. It’s also worth noting that there is a 50 day
moving average of $47.53 and the 200 day moving average is $42.27. The total market
capitalization for the company now stands at 13.88B. The current share price for
the company is: 50.87 USD

 The potential market cap would be $15,760,627,825 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 3.88, revenue per share of 47.45 and a 13.95% 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.

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