# Ovintiv Inc. – Consensus ‘buy’ rating and 18.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.consensus-buy-rating-and-18.2-upside-potential/4121127546
- Published: 2023-09-19T14:07:55+01:00
- Author: Charlotte Edwards

**Ovintiv Inc.** which can be found using ticker (OVV) now have 22 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The target price 
High/Low ranges between 78 and 39 and has a mean target at $55.93. Given that the
stocks previous close was at $47.32 this would indicate that there is a potential
upside of 18.2%. The 50 day MA is $45.61 and the 200 moving average now moves to
$42.63. The company has a market capitalization of 12.90B. The stock price for the
company is currently 47.26 USD

 The potential market cap would be $15,243,383,802 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 3.61, 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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