# Ovintiv Inc.  Share Price Target ‘$56.08’, now 9.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.share-price-target-56.08-now-9.0-upside-potential/4121148534
- Published: 2024-03-22T14:19:19+00:00
- Author: Charlotte Edwards

**Ovintiv Inc.** with ticker code (OVV) have now 22 confirmed analysts covering 
the stock with the consensus suggesting a rating of ‘buy’. The target price High/
Low ranges between $68.00 and $42.00 and has a mean share price target at $56.08.(
at the time of writing). Given that the stocks previous close was at $51.47 this
now indicates there is a potential upside of 9.0%. There is a 50 day moving average
of $45.22 and the 200 day MA is $44.58. The market capitalization for the company
is 13.88B. The stock price for the company is currently $51.50 USD

 The potential market cap would be $15,123,211,426 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 6.52, revenue per share of $41.02 and a 10.5% 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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