Ovintiv Inc. (TSE:OVV) Receives Average Rating of “Strong Buy” from Brokerages

Ovintiv Inc. (TSE:OVV) has received an average rating of “Strong Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and four have given a strong buy rating to the company.

Several equities research analysts recently issued reports on the stock. Roth Capital upgraded shares of Ovintiv to a “hold” rating in a report on Monday, October 13th. TD Cowen upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Monday, July 7th. Royal Bank Of Canada upgraded shares of Ovintiv from a “hold” rating to a “moderate buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 1st.

Ovintiv Trading Down 1.6%

TSE:OVV opened at C$50.39 on Thursday. The firm’s 50 day moving average is C$56.08 and its 200 day moving average is C$53.33. 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 stock has a market capitalization of C$12.95 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 0.05 and a beta of 0.91.

Ovintiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. Ovintiv’s payout ratio is 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.