# Ovintiv Inc. – Consensus ‘buy’ rating and 20.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.consensus-buy-rating-and-20.9-upside-potential/4121130849
- Published: 2023-10-26T13:56:55+01:00
- Author: Charlotte Edwards

**Ovintiv Inc.** with ticker code (OVV) now have 23 analysts in total covering the
stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges
between 78 and 42 calculating the mean target price we have $58.70. Given that the
stocks previous close was at $48.56 this now indicates there is a potential upside
of 20.9%. Also worth taking note is the 50 day moving average now sits at $47.61
while the 200 day moving average is $42.29. The total market capitalization for 
the company now stands at 13.30B. The stock price for the company is currently 48.73
USD

 The potential market cap would be $16,074,720,860 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 3.72, 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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