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

Key Points

• Ovintiv Inc. has received a consensus rating of "Strong Buy" from six analysts, with four recommending strong buy, one hold, and one buy rating.
• The company recently announced a quarterly dividend of $0.30 per share, leading to an annualized dividend yield of 2.3%.
• Ovintiv's stock has seen a recent trading increase of 1.2% and has a market cap of approximately C$13.45 billion.

Shares of Ovintiv Inc. (TSE:OVV - Get Free Report) have earned a consensus rating of "Strong Buy" from the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating on the company.

A number of analysts have recently weighed in on OVV shares. TD Cowen upgraded shares of Ovintiv to a "strong-buy" rating in a research report on Monday, July 7th. Roth Capital upgraded shares of Ovintiv to a "hold" rating in a research report on Monday. Royal Bank Of Canada upgraded shares of Ovintiv from a "hold" rating to a "moderate buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st.

Ovintiv Trading Up 1.2%

TSE OVV opened at C$52.34 on Thursday. The company has a fifty day simple moving average of C$56.21 and a two-hundred day simple moving average of C$53.56. The stock has a market cap of C$13.45 billion, a P/E ratio of 23.06, a P/E/G ratio of 0.05 and a beta of 0.91. Ovintiv has a 12-month low of C$42.35 and a 12-month high of C$66.67. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a $0.30 dividend. 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 52.86%.

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.

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