# Ovintiv Inc.  Share Price Target ‘$62.95’, now 31.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/ovintiv-inc.share-price-target-62.95-now-31.7-upside-potential/4121163812
- Published: 2024-07-05T15:54:57+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 mean target share price
we have $62.95. (at the time of writing). Now with the previous closing price of
$47.81 this is indicating there is a potential upside of 31.7%. Also worth taking
note is the 50 day moving average now sits at $49.14 and the 200 moving average 
now moves to $47.18. The company has a market capitalization of 12.62B. The current
share price for the company is: $47.28 USD

 The potential market cap would be $16,620,144,731 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 6.59, 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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