# Ovintiv Inc. – Consensus ‘buy’ rating and 16.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.consensus-buy-rating-and-16.5-upside-potential/4121129669
- Published: 2023-10-13T15:47:57+01:00
- Author: Charlotte Edwards

**Ovintiv Inc.** which can be found using ticker (OVV) now have 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 and 39 with the
average target price sitting at $56.63. Given that the stocks previous close was
at $48.62 and the analysts are correct then we can expect a percentage increase 
in value of 16.5%. It’s also worth noting that there is a 50 day moving average 
of $47.30 and the 200 day MA is $42.26. The total market capitalization for the 
company now stands at 13.24B. The current share price for the company is: 48.52 
USD

 The potential market cap would be $15,421,975,080 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 3.7, 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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