Ovintiv (TSE:OVV) Raised to "Strong-Buy" at The Goldman Sachs Group

Ovintiv (TSE:OVV - Get Free Report) was upgraded by investment analysts at The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Scotiabank upgraded Ovintiv to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets raised Ovintiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 24th. Six analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, Ovintiv presently has a consensus rating of "Strong Buy".

Ovintiv Trading Down 0.4%

Shares of OVV stock traded down C$0.21 on Tuesday, reaching C$54.14. The company had a trading volume of 21,622 shares, compared to its average volume of 179,838. The stock has a market cap of C$9.85 billion, a PE ratio of 4.96, a PEG ratio of 0.05 and a beta of 2.63. The company has a 50-day moving average of C$51.81 and a 200-day moving average of C$55.84. 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$67.71.

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.