Ovintiv Inc., is dedicated to the exploration, development, production and commercialization of natural gas, petroleum and natural gas liquids. The company is headquartered in Denver, Colorado.
| Revenue (TTM) | $9.52B |
| Gross Profit (TTM) | $5.13B |
| EBITDA | $4.88B |
| Operating Margin | 36.20% |
| Return on Equity | 8.41% |
| Return on Assets | 8.64% |
| Revenue/Share (TTM) | $36.02 |
| Book Value | $41.57 |
| Price-to-Book | 1.44 |
| Price-to-Sales (TTM) | 2.01 |
| EV/Revenue | 2.137 |
| EV/EBITDA | 7.39 |
| Quarterly Earnings Growth (YoY) | 37.30% |
| Quarterly Revenue Growth (YoY) | 29.70% |
| Shares Outstanding | $276.60M |
| Float | $274.07M |
| % Insiders | 0.47% |
| % Institutions | 98.23% |
Volatility is currently contracting
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OVV outperforms its subindustry over three months as higher oil output, strong free cash flow and a deep drilling inventory support growth, despite natural gas headwinds.
DENVER, Oct. 9, 2026 /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2026 results conference call at 8:00 a.m. MST, on Wednesday November 4, 2026.
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER, Oct. 1, 2026 /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with Ovintiv's capital allocation framework, which commits to returning 50% to 100% of annual Non-GAAP Free Cash Flow to shareholders via the combination of base dividend payments and share buybacks.
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OVV is adding 41,000 net acres and 240 well locations across the Permian and Montney, strengthening its long-term drilling inventory.
OVV benefits from higher production, strong free cash flow and a stronger balance sheet, but weak gas prices, commodity risks and royalties remain concerns.
Ovintiv is now a pure-play Permian and Montney producer, generating robust free cash flow even at depressed gas and NGL prices. I model upside to $79/share on conservative commodity price assumptions, with further potential to $97 if gas prices and realizations improve post-2027. Pipeline expansions and LNG export capacity are set to boost OVV's natural gas price realizations, supporting higher free cash flow from 2028 onward.
OVV is sharpening its focus on the Permian and Montney, where stronger wells, deep inventory and disciplined spending aim to drive lasting cash flow.
Ovintiv is rated a Buy at $61.83, with a base case price target of $68.38, reflecting improved balance sheet strength and stabilized forward earnings. Leverage has dropped sharply to 0.6x, driven by asset sales, resulting in a Fitch upgrade to BBB. 2027 and 2026 EPS estimates are now flat at $7.22, removing the prior expectation of earnings decline.
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