RBC Capital Raises Ovintiv (OVV) Price Target to $90

RBC Capital has reiterated its Outperform rating on Ovintiv Inc. with a price target of $90, a 30.51% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:24 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

RBC Capital raised its price target on Ovintiv Inc. ($OVV) to $90 from $85 on October 13, 2026, and rates the stock "Outperform".

Since the rating, $OVV is up 4.0% to date (from the $66.66 close on Oct 13, 2026).

OVV Ovintiv Inc.

$69.33 +73.89% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, RBC Capital reiterated its Outperform rating on Ovintiv Inc. with a price target raised from $85.0 to $90.0.
RBC Capital's $90 price target implies 30.51% upside from Ovintiv Inc.'s ($OVV) current $68.96 share price.
As of October 16, 2026, Ovintiv shares recently traded around $68.96, which is 23.4% below RBC's new price target.
Ovintiv has shown a year-over-year revenue growth of 29.7% and has a dividend rate of $1.20.

Get $OVV trade alerts by text

We text you when insiders, Congress or big funds trade $OVV. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Ovintiv Inc. alert may contain errors. Disclosures

RBC Capital reiterated its Outperform rating on Ovintiv Inc. (NYSE: OVV) on October 13, 2026, increasing its price target from $85.0 to $90.0. This new target suggests a positive outlook for the company, even as shares of Ovintiv recently traded around $68.96, which is 23.4% below the target.

Other Institutional Activity in Ovintiv

Several other institutional investors have maintained their positions in Ovintiv as of June 30, 2026. Blackrock Inc. grew its holdings by 286,125 shares, totaling 27,026,767 shares worth about $1.87 billion. FMR, LLC added 1,977,898 shares, bringing its total to 25,750,709 shares valued at approximately $1.79 billion. Capital Research Global Investors increased its stake significantly, adding 14,084,467 shares for a total of 19,445,689 shares worth about $1.35 billion. Meanwhile, Vanguard Portfolio Management LLC reduced its holdings by 649,682 shares, ending with 14,459,194 shares valued at about $1.00 billion.

Ovintiv Inc. Stock Up 10.6%

Ovintiv shares are currently trading at $68.96, which is notably below RBC's new price target of $90. This gap indicates a potential upside, suggesting that analysts expect the stock to perform better in the future. The stock's beta is 0.541, indicating lower volatility compared to the market, which may appeal to risk-averse investors.

12-month forecast

$OVV price target

Ovintiv Inc. daily closes and this analyst's $90 target. Not advice.

Recent Earnings

For the trailing twelve months, Ovintiv reported revenue of approximately $9.52 billion and an earnings per share (EPS) of $3.58. The company's net margin stands at 9.7%, and its return on equity (ROE) is 8.4%. Ovintiv is set to release its next earnings report on November 4, 2026.

Dividend

Ovintiv pays an annual dividend of $1.20 per share, resulting in a dividend payout ratio of 33.5%. This yield may attract income-focused investors looking for steady returns.

Insider Buying and Selling at Ovintiv Inc.

Insider trading at Ovintiv shows several sales in 2025 and 2026. Chief Operating Officer Gregory Dean Givens sold 50,000 shares on December 12, 2025, at an average price of $40.33, totaling $2,016,500. Director Howard John Mayson sold 5,000 shares on March 3, 2026, for $261,950, while General Counsel Meghan Nicole Eilers sold 11,582 shares on March 13, 2026, at $54.78 for $634,462. Officer Rachel Maureen Moore sold 7,753 shares on August 12, 2026, valued at $490,920.

Analysts Set New Price Targets

On October 13, 2026, RBC Capital maintained its Outperform rating on Ovintiv with a new price target of $90.00, up from $85.00. Other firms have also recently set or maintained their targets, including Scotiabank, which raised its target to $75.00, and Truist Securities, which increased its target to $77.00.

About Ovintiv Inc.

Ovintiv Inc. operates in the energy sector, focusing on oil and natural gas exploration and production in North America. With its headquarters in Denver, Colorado, the company is structured into USA and Canadian operations, allowing it to tap into diverse markets and resources.

Bottom Line

Investors should keep an eye on Ovintiv's upcoming earnings report on November 4, 2026, as well as any further analyst updates that could impact the stock's performance. RBC Capital's recent price target adjustment reflects a positive outlook amidst current trading levels and market conditions.