Ovintiv Inc. (TSE:OVV - Get Free Report)'s share price dropped 0.6% on Monday . The stock traded as low as C$51.31 and last traded at C$52.21. Approximately 141,891 shares were traded during trading, a decline of 25% from the average daily volume of 190,391 shares. The stock had previously closed at C$52.55.
Wall Street Analyst Weigh In
OVV has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 24th. Scotiabank raised Ovintiv to a "strong-buy" rating in a research report on Wednesday, March 19th. Five research analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, Ovintiv presently has an average rating of "Strong Buy".
View Our Latest Stock Analysis on Ovintiv
Ovintiv Price Performance
The company's 50-day simple moving average is C$51.41 and its 200-day simple moving average is C$57.41. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51. The stock has a market capitalization of C$8.95 billion, a price-to-earnings ratio of 4.51, a P/E/G ratio of 0.05 and a beta of 2.63.
Ovintiv Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.44%. The ex-dividend date was Friday, March 14th. Ovintiv's dividend payout ratio (DPR) is 14.85%.
About Ovintiv
(
Get Free Report)
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.
Featured Stories
Before you consider Ovintiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ovintiv wasn't on the list.
While Ovintiv currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
