Ovintiv (TSE:OVV) Stock Rating Upgraded by Roth Capital

Key Points

• Ovintiv's stock rating has been upgraded to a "hold" by Roth Capital, with an existing consensus rating of "Strong Buy" from multiple analysts.
• Other analysts, including TD Cowen and Goldman Sachs, have also recently raised their ratings on Ovintiv, indicating a strong positive outlook for the company's stock.
• Ovintiv's market capitalization stands at C$13.29 billion, with shares currently trading around C$51.72.

Ovintiv (TSE:OVV - Get Free Report) was upgraded by Roth Capital to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. TD Cowen raised shares of Ovintiv to a "strong-buy" rating in a report on Monday, July 7th. The Goldman Sachs Group raised shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Ovintiv presently has a consensus rating of "Strong Buy".

Ovintiv Trading Up 0.1%

Shares of OVV opened at C$51.72 on Monday. 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 has a 12-month low of C$42.35 and a 12-month high of C$66.67. The firm has a 50-day moving average price of C$56.25 and a 200 day moving average price of C$53.57. The firm has a market capitalization of C$13.29 billion, a P/E ratio of 22.78, a P/E/G ratio of 0.05 and a beta of 0.91.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.