# Ovintiv Inc.  Share Price Target ‘$62.70’, now 32.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.share-price-target-62.70-now-32.4-upside-potential/4121164583
- Published: 2024-07-12T14:41:30+01:00
- Author: Charlotte Edwards

**Ovintiv Inc.** which can be found using ticker (OVV) have now 24 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The target price
High/Low ranges between $79.00 and $52.74 calculating the average target share price
we see $62.70. (at the time of writing). Now with the previous closing price of 
$47.34 this now indicates there is a potential upside of 32.4%. There is a 50 day
moving average of $48.54 and the 200 moving average now moves to $47.20. The total
market capitalization for the company now stands at 12.86B. The stock price for 
the company is currently $48.16 USD

 The potential market cap would be $17,029,665,420 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 6.72, revenue per share of $39.27 and a 9.89% 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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