Ovintiv Inc. (TSE:OVV) Declares $0.30 Quarterly Dividend

Ovintiv Inc. (TSE:OVV) declared a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.30 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, December 15th.

Ovintiv Stock Down 0.5%

OVV stock traded down C$0.30 during trading on Friday, hitting C$55.48. 219,709 shares of the company’s stock traded hands, compared to its average volume of 206,785. The firm has a market capitalization of C$14.05 billion, a P/E ratio of 59.66, a PEG ratio of 0.05 and a beta of 0.85. Ovintiv has a 1 year low of C$42.35 and a 1 year high of C$66.67. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. The business has a fifty day simple moving average of C$54.32 and a two-hundred day simple moving average of C$55.01.

Ovintiv (TSE:OVV) last posted its 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 company had revenue of C$2.88 billion during the quarter. Sell-side analysts anticipate that Ovintiv will post 5.6577693 EPS for the current year.

Analyst Upgrades and Downgrades

OVV has been the topic of several analyst reports. William Blair upgraded Ovintiv to a “strong-buy” rating in a research note on Wednesday, November 26th. Roth Capital upgraded shares of Ovintiv to a “hold” rating in a report on Monday, October 13th. Wells Fargo & Company raised shares of Ovintiv to a “hold” rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada raised shares of 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 given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Ovintiv Company Profile

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.