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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts agree that Ovintiv (OVV-T) is a well-run company with a strong management team and a large asset base in shale plays. The business is generating large amounts of cash flow, and positive momentum has returned to the sector. There is potential for further dividend hikes, and the stock is considered quite cheap while producing nice free cash flow.

Consensus
Positive
Valuation
Undervalued
Similar
ExxonMobil, XOM
BUY
Ovintiv
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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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0
BUY
Ovintiv

Well run company with strong management team. Large asset base in shale plays. Excellent return on capital. Expecting further growth in energy sector. Business generating large amounts of cash flow. Would recommend buying. 

0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Ovintiv
(A Top Pick Feb 07/23, Down 20.6%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with WOVVhas triggered its stop at $49.  To remain disciplined, we recommend covering the position at this time. 

0
DON'T BUY
Ovintiv

Not a great company to own in the energy space.
Value trap where you can get better assets.
Lean on inventory with weak prospects.

0
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Ovintiv
Stockchase Research Editor: Michael O'Reilly

OVV 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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COMMENT
Ovintiv
Ovintiv vs. CNQ CNQ. It's twice as big an oil producer as Ovintiv (formerly Encana), and over time has compounded more wealth for shareholders. They have similar valuations. CNQ yields over 4% and Ovintiv at 1.9%. Have similar credit ratings. However, CNQ has way more oil in the ground to pump. That said, he is fading oil and gas in his portfolio.
0
DON'T BUY
Ovintiv
Nat gas stocks have done extremely well off the bottom. This one is pricier than others. Other names are more compelling, such as TOU, PEY, ARX, or AAV.
0
WEAK BUY
Ovintiv

The former Encanna moved to the US. It was a disappointment to the market. During the pandemic they decided to move it to the US from where the new CEO was managing the assets. See his top picks today. It would be okay to own this as a short term play.

0
DON'T BUY
Ovintiv
Would not own this. A higher beta US name. There isn't proper management alignment. Looking for companies where the CEOs are aligned. The CEO does not own a significant amount of stocks.
0
BUY
Ovintiv

Are their Nova Scotia assets holding back share price? It's very much a U.S. company now and are doing well. They're one of the best producers in the Permian Basin. Has good growth ahead. Pays a modest dividend though the PE is reasonable. Their offshore Nova Scotia assets are hard to read.

0
SELL ON STRENGTH
Ovintiv
A natural gas focused play. He prefers it over traditional energy. On the pull-back, it is probably a trading buy. Energy is not an investable asset so he would trade this.
0
DON'T BUY
Ovintiv

VET vs OVV? They are both stocks he would not own. OVV participated well on expected index buying in the US, but they are no longer able to attract US investors based on their share price. It is a non-starter for sure. VET cut the dividend and they changed management, but it will be a long road. They can't sell assets to help reduce debt and they can't raise the dividend. They are in far too many geographical areas and he thinks they have lost focus.

0
DON'T BUY
Ovintiv
They headed to the US to attract more investment flows. Now that their price has dropped, they do not qualify for inclusion on US indices. There are just many better names out there.
0
SELL
Ovintiv

The company thought they would attract passive US money from investors when the changed the name from Encana and re-located to the US. Now that it is down 65% this year, it is now below the threshold to be included in the passive index. There is now no reason to own this stock at all.

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Showing 1 to 15 of 17 entries

Ovintiv(OVV-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Ovintiv is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ovintiv(OVV-T) Frequently Asked Questions

What is Ovintiv stock symbol?

Ovintiv is a Canadian stock, trading under the symbol OVV-T on the Toronto Stock Exchange (OVV-CT). It is usually referred to as TSX:OVV or OVV-T

Is Ovintiv a buy or a sell?

In the last year, 2 stock analysts published opinions about OVV-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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 help on deciding if you should buy, sell or hold the stock.

Is Ovintiv worth watching?

2 stock analysts on Stockchase covered Ovintiv In the last year. It is a trending stock that is worth watching.

What is Ovintiv stock price?

On 2024-07-23, Ovintiv (OVV-T) stock closed at a price of $63.79.