Ovintiv (TSE:OVV) Upgraded at Roth Capital

Roth Capital upgraded shares of Ovintiv (TSE:OVV) to a hold rating in a report published on Monday,Zacks.com reports.

Several other analysts also recently commented on OVV. The Goldman Sachs Group raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. TD Cowen raised shares of Ovintiv to a “strong-buy” rating in a report on Monday, July 7th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Ovintiv Stock Up 1.2%

Shares of TSE OVV opened at C$52.34 on Monday. 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 firm has a market capitalization of C$13.45 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 0.05 and a beta of 0.91. The firm has a fifty day simple moving average of C$56.21 and a two-hundred day simple moving average of C$53.56.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.3%. Ovintiv’s dividend payout ratio (DPR) is presently 52.86%.

About Ovintiv

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.