TD Cowen Upgrades Ovintiv (TSE:OVV) to “Strong-Buy”

Ovintiv (TSE:OVV) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Scotiabank cut shares of Ovintiv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Stephens upgraded shares of Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. William Blair raised shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, November 26th. Roth Mkm upgraded Ovintiv to a “hold” rating in a report on Monday, October 13th. Finally, Royal Bank Of Canada raised Ovintiv from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Ovintiv Price Performance

Shares of Ovintiv stock opened at C$63.20 on Monday. The stock has a market capitalization of C$17.91 billion, a P/E ratio of 67.96, a PEG ratio of 0.05 and a beta of 1.05. The business has a 50 day simple moving average of C$55.91 and a two-hundred day simple moving average of C$55.52. Ovintiv has a 12 month low of C$42.35 and a 12 month high of C$65.73. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51.

Ovintiv (TSE:OVV) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.57 EPS for the quarter. Ovintiv had a return on equity of 19.62% and a net margin of 20.34%.The firm had revenue of C$2.88 billion during the quarter. As a group, 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.