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

Shares of Ovintiv Inc. (TSE:OVV) have been given a consensus rating of “Buy” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and five have assigned a strong buy rating to the company.

A number of research analysts recently issued reports on OVV shares. William Blair raised Ovintiv to a “strong-buy” rating in a report on Wednesday, November 26th. Stephens raised shares of Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. TD Cowen upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Scotiabank raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th.

Ovintiv Price Performance

Shares of TSE:OVV opened at C$75.93 on Friday. The stock has a market cap of C$21.51 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.05 and a beta of 1.06. The company has a debt-to-equity ratio of 67.25, a current ratio of 0.54 and a quick ratio of 0.51. Ovintiv has a 12 month low of C$42.35 and a 12 month high of C$76.88. The stock’s 50 day moving average price is C$63.60 and its 200 day moving average price is C$57.99.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, March 13th. Ovintiv’s dividend payout ratio (DPR) is presently 25.10%.

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.