TD Cowen upgraded shares of Ovintiv (TSE:OVV - Free Report) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.
Other research analysts have also issued reports about the stock. BMO Capital Markets raised shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 24th. The Goldman Sachs Group upgraded shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Scotiabank upgraded Ovintiv to a "strong-buy" rating in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".
View Our Latest Stock Analysis on OVV
Ovintiv Stock Up 2.7%
OVV stock traded up C$1.49 during mid-day trading on Monday, reaching C$57.36. 153,244 shares of the company traded hands, compared to its average volume of 178,384. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. The firm's 50 day moving average price is C$52.72 and its 200 day moving average price is C$55.86. The stock has a market cap of C$10.43 billion, a price-to-earnings ratio of 5.26, a P/E/G ratio of 0.05 and a beta of 2.63. Ovintiv has a fifty-two week low of C$42.35 and a fifty-two week high of C$67.71.
Ovintiv Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, June 13th. Ovintiv's dividend payout ratio (DPR) is currently 14.85%.
About Ovintiv
(
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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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