Ovintiv Inc. (TSE:OVV) Given Average Rating of "Buy" by Brokerages

Key Points

• Ovintiv has a consensus analyst rating of "Buy" from 10 firms, with a breakdown of 5 strong buys, 1 buy and 4 holds reflecting recent upgrades and one notable downgrade.
• Shares opened at C$78.61, trade above the 50‑day (C$71.95) and 200‑day (C$60.64) moving averages, and the company has a market cap of C$22.27 billion with a PE of 16.45 and a one‑year range of C$42.35–C$86.86.
• Ovintiv reported C$5.10 EPS and C$2.81 billion revenue for the quarter, analysts forecast about C$5.66 EPS for the year, and the company pays a quarterly dividend of $0.30 ($1.20 annualized, ~1.5% yield) with a 25.1% payout ratio.

Ovintiv Inc. (TSE:OVV - Get Free Report) has received a consensus recommendation of "Buy" from the ten ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and five have issued a strong buy rating on the company.

A number of equities research analysts have commented on the company. Stephens upgraded Ovintiv to a "hold" rating in a report on Tuesday, February 3rd. Truist Financial upgraded Ovintiv to a "strong-buy" rating in a report on Monday, March 23rd. Scotiabank upgraded Ovintiv from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 11th. TD Cowen upgraded Ovintiv to a "strong-buy" rating in a report on Monday, February 9th. Finally, Citigroup cut Ovintiv from a "strong-buy" rating to a "hold" rating in a report on Sunday, March 29th.

Ovintiv Price Performance

Shares of TSE:OVV opened at C$78.61 on Thursday. The business's fifty day moving average price is C$71.95 and its two-hundred day moving average price is C$60.64. The stock has a market cap of C$22.27 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.05 and a beta of 0.42. The company has a debt-to-equity ratio of 67.25, a quick ratio of 0.51 and a current ratio of 0.54. Ovintiv has a one year low of C$42.35 and a one year high of C$86.86.

Ovintiv (TSE:OVV - Get Free Report) last announced its earnings results on Monday, February 23rd. The company reported C$5.10 EPS for the quarter. The firm had revenue of C$2.81 billion for the quarter. Ovintiv had a return on equity of 11.86% and a net margin of 14.13%. On average, analysts forecast that Ovintiv will post 5.6577693 EPS for the current fiscal year.

Ovintiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, March 13th. Ovintiv's dividend payout ratio is currently 25.10%.

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv's primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.

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