Ovintiv Inc. (TSE:OVV) Given Average Rating of “Buy” by Analysts

Shares of Ovintiv Inc. (TSE:OVV) have been given an average recommendation of “Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and five have assigned a strong buy recommendation to the company.

A number of equities research analysts recently weighed in on OVV shares. TD Cowen upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Monday, February 9th. William Blair upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday, November 26th. Scotiabank raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Finally, Stephens upgraded shares of Ovintiv to a “hold” rating in a research report on Tuesday, February 3rd.

Ovintiv Trading Up 1.5%

Shares of OVV stock opened at C$75.99 on Friday. The company has a debt-to-equity ratio of 67.25, a quick ratio of 0.51 and a current ratio of 0.54. Ovintiv has a 1 year low of C$42.35 and a 1 year high of C$76.13. The stock has a fifty day moving average of C$62.69 and a two-hundred day moving average of C$57.74. The firm has a market capitalization of C$21.53 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 0.05 and a beta of 1.06.

Ovintiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Ovintiv’s dividend payout ratio (DPR) is 25.10%.

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.