Ovintiv Inc. (OVV) To Go Ex-Dividend on December 15th

by · The Cerbat Gem

Ovintiv Inc. (TSE:OVV – Get Free Report) announced a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be paid a dividend of 0.30 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, December 15th.

Ovintiv Stock Performance

Ovintiv stock traded down C$0.30 during mid-day trading on Friday, reaching C$55.48. 219,709 shares of the stock traded hands, compared to its average volume of 206,785. Ovintiv has a 12-month low of C$42.35 and a 12-month high of C$66.67. The business’s 50-day moving average is C$54.32 and its 200-day moving average is C$55.01. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51. The stock has a market capitalization of C$14.05 billion, a PE ratio of 59.66, a price-to-earnings-growth ratio of 0.05 and a beta of 0.85.

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

Analysts Set New Price Targets

Several research analysts have weighed in on OVV shares. William Blair upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday, November 26th. Roth Capital raised Ovintiv to a “hold” rating in a report on Monday, October 13th. Wells Fargo & Company upgraded Ovintiv to a “hold” rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada upgraded Ovintiv from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ovintiv presently has an average rating of “Buy”.

Get Our Latest Stock Analysis on Ovintiv

About Ovintiv

(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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