TSE:OVV
Ovintiv (OVV.TO)
Financials 
Technical Analysis 
Sep 4, 2026, 12:00 amThis summary was created by AI, based on 4 opinions in the last 12 months.
Ovintiv (OVV) has garnered mixed reviews from various analysts. Many experts believe that the company is trading at a discount to its asset value, highlighting its strong management team and the potential for significant upside tied to oil prices, estimating increases of 30-40% over the next two years. The company boasts a solid portfolio, particularly in the Montney basin, and has shown impressive cash flow metrics, with predictions of a free cash flow yield of 12-15%. Additionally, strategic operational moves such as asset sales and debt repayment have favorably positioned Ovintiv in the market, with an increasing return to shareholders through buybacks. However, some analysts are more cautious, suggesting that while the company has potential, there are elements of volatility that investors should consider. Overall, the sentiment leans towards optimism, especially if oil prices hold steady.
10-15 years of drilling inventory in the Permian -- fine, but not great. It's more about the Montney exposure. Got a great price on NVA last year. Increased size should attract more institutional interest. Could see further M&A in the Montney this year.
At $80 oil, trading at 4x cashflow for 2026 and 3.9x for 2027. Really juicy FCF yield of 12-13% for this year and 15% for 2027. Sold non-core assets, paid down debt. Now 75% of FCF is returned to shareholders mostly via share buybacks.
A 6x multiple is not unreasonable, which would give 50% upside at today's oil price. Yield is 1.96%.
Eric Nuttall;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentOur PAST TOP PICK with OVV has triggered its stop at $53. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 9%, when combined with our previous guidance.
Premium contentWe reiterate OVV, with production assets in the prolific Montney, Permian and Anadarko basins, as a TOP PICK. Their business is modelled on $55 WTI and $2.75 /mmbtu natural gas. They are generating $1.65 billion in free cash flow. It trades at 19x earnings and 1.1x book. They are building cash reserves while debt is retired and shares bought back. We recommend trailing up the stop (from $47.00) to $53.00, looking to achieve $74.50 -- upside potential of 25%. Yield 2.7%
(Analysts’ price target is $74.52)Premium contentOVV is generating over a $1 billion in cash flow, allowing the company to buyback shares, retire debt and still see cash reserves grow according to recently reported earnings. The company continues to integrate assets into their prolific Montney portfolio. It trades at book value and 19x earnings. Its dividend has been growing at over 25% annually over the past 5 years. We recommend setting a stop-loss at $47, looking to achieve $74 -- upside potential of 28%. Yield 2.8%
(Analysts’ price target is $74.55)Natural gas (59%) play in the US. Went off the radar of Canadian investors. Good deal here. Q1 free cashflow beat by 16%, lower operating expenses, modestly higher liquids. Buybacks. At 3.8x, cheaper than peers at 5.5x. Decent production, flat cashflow per share. Balance sheet a bit more indebted than peers.
They refocused operations on the Montney and are pushing strong into the US (Utah, the Permian Basis). It's been rangebound like all energy stocks since 2022, but the free cash-flow yield is a high 15%. They have quality assets, but are in no-man's land (changing the company name and pushing in the US) and not a focus for Canadian energy investor and lacks the scale of US peers. That said, is a good operator run by a good CEO. Not his preferred energy name.
Jamie Murray As a predictive question it is of course difficult. OVV is quite cheap and producing nice free cash flow. Positive momentum has returned to the sector. It has room for further dividend hikes. We would be comfortable holding for a while.
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Premium contentPremium contentOVV holds highly productive assets in the Montney, Anadarko and Permian basins. They have worked hard to optimize assets following the acquisition of Newfield in 2019. We like that it has maintained cash reserves while reducing debt and it trades under 2x book value. The dividend is backed by a payout ratio under 10% of cash flow. We recommend placing a stop-loss at $49, looking to achieve $81 -- upside potential of 29%. Yield 2.1%
(Analysts’ price target is $81.05)
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Ovintiv (OVV.TO) Frequently Asked Questions
What is Ovintiv stock symbol?
Ovintiv is a Canadian stock, trading under the symbol OVV.TO (previously OVV-T on Stockchase) on the Toronto Stock Exchange (OVV-CT). It is usually referred to as TSX:OVV or OVV.TO
Is Ovintiv a buy or a sell?
In the last year, 4 stock analysts issued a Buy, Sell, or Hold rating on OVV.TO (previously OVV-T on Stockchase). 4 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Ovintiv.
Is Ovintiv a good investment or a top pick?
Ovintiv was recommended as a Top Pick by Eric Nuttall on 2026-08-10. Read the latest stock experts ratings for Ovintiv.
Why is Ovintiv stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Ovintiv.
Is Ovintiv worth watching?
Ovintiv is followed by 114 investors on Stockchase and is a trending stock that is worth watching.
What is Ovintiv stock price?
On 2026-09-03, Ovintiv (OVV.TO) stock closed at a price of $90.86.
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It is trading at a discount to asset value. Great management team which bought Nuvista, a great company. He sees 30 to 40% upside over the next 2 years depending on oil prices. Buy 23 Hold 4 Sell 1
(Analysts’ price target is $101.16)