Ovintiv Inc. (TSE:OVV) Receives Consensus Recommendation of “Buy” from Brokerages

by · The Markets Daily

Shares of Ovintiv Inc. (TSE:OVV – Get Free Report) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company.

Several research analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of Ovintiv to a “hold” rating in a research report on Friday, October 17th. William Blair raised shares of Ovintiv to a “strong-buy” rating in a report on Wednesday, November 26th. Royal Bank Of Canada raised Ovintiv from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 15th. Finally, Roth Capital upgraded shares of Ovintiv to a “hold” rating in a research report on Monday, October 13th.

View Our Latest Stock Report on OVV

Ovintiv Stock Performance

Shares of OVV stock opened at C$57.38 on Friday. The stock has a market cap of C$14.53 billion, a PE ratio of 61.70, a price-to-earnings-growth ratio of 0.05 and a beta of 0.85. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 63.59. Ovintiv has a 12 month low of C$42.35 and a 12 month high of C$66.67. The company’s fifty day moving average price is C$54.30 and its 200-day moving average price is C$54.95.

Ovintiv (TSE:OVV – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.57 earnings per share for the quarter. Ovintiv had a return on equity of 19.62% and a net margin of 20.34%.The firm had revenue of C$2.88 billion during the quarter. On average, equities analysts expect that Ovintiv will post 5.6577693 EPS for the current fiscal year.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.1%. Ovintiv’s payout ratio is 129.03%.

Ovintiv Company Profile

(Get Free Report)

Ovintiv Inc is a leading North American exploration and production (E&P) company focused on developing its high-quality, multi-basin portfolio. Ovintiv works to safely produce crude oil and natural gas-products that make modern life possible for all. The Company is focused on creating long-term shareholder value while contributing to the strength and sustainability of the communities where it operates.

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