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Ovintiv ( (OVV) ) has provided an update.
On September 29, 2025, Ovintiv Inc. announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 22,287,709 common shares over a 12-month period starting October 3, 2025. This renewal, approved by the Toronto Stock Exchange, aligns with Ovintiv’s strategy to return at least 50% of its post-base dividend free cash flow to shareholders. The renewed program includes an automatic share purchase plan to facilitate acquisitions during blackout periods, and the company has also renewed its exemption order to repurchase shares beyond Canadian regulatory limits on U.S. trading systems.
The most recent analyst rating on (OVV) stock is a Hold with a $55.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
Spark’s Take on OVV Stock
According to Spark, TipRanks’ AI Analyst, OVV is a Outperform.
Ovintiv’s overall stock score reflects strong earnings call performance and fair valuation, offset by mixed financial performance and neutral technical indicators. The company’s strategic initiatives and operational improvements are significant positives, while liquidity and market exposure remain areas to watch.
To see Spark’s full report on OVV stock, click here.
More about Ovintiv
Ovintiv Inc. operates in the energy industry, focusing on oil and natural gas exploration and production. The company is committed to returning value to shareholders through its capital allocation framework, which includes a significant focus on share repurchases.
Average Trading Volume: 3,108,645
Technical Sentiment Signal: Strong Buy
Current Market Cap: $11.1B
Learn more about OVV stock on TipRanks’ Stock Analysis page.