Ovintiv (TSE:OVV) Upgraded at Stephens

Ovintiv (TSE:OVV) was upgraded by research analysts at Stephens to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also commented on OVV. William Blair raised shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, November 26th. Scotiabank downgraded shares of Ovintiv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada upgraded shares of Ovintiv from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 15th. Wells Fargo & Company raised shares of Ovintiv to a “hold” rating in a research note on Friday, October 17th. Finally, Roth Mkm raised Ovintiv to a “hold” rating in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Ovintiv Stock Performance

OVV opened at C$60.15 on Tuesday. 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 firm has a market cap of C$15.23 billion, a PE ratio of 64.68, a P/E/G ratio of 0.05 and a beta of 1.05. The business has a fifty day simple moving average of C$55.33 and a 200-day simple moving average of C$55.22. Ovintiv has a fifty-two week low of C$42.35 and a fifty-two week high of C$65.73.

Ovintiv (TSE:OVV) last announced its earnings results on Tuesday, November 4th. The company reported C$0.57 earnings per share (EPS) 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 for the quarter. As a group, equities analysts predict that Ovintiv will post 5.6577693 EPS for the current fiscal year.

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.