Ovintiv (TSE:OVV) Raised to Strong-Buy at Truist Financial

Ovintiv (TSE:OVV) was upgraded by analysts at Truist Financial to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on OVV. William Blair raised Ovintiv to a “strong-buy” rating in a research report on Wednesday, November 26th. Scotiabank raised Ovintiv from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Stephens raised Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. Finally, TD Cowen raised Ovintiv to a “strong-buy” rating in a report on Monday, February 9th. Five investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Ovintiv Trading Up 3.9%

TSE OVV opened at C$81.18 on Monday. Ovintiv has a 52 week low of C$42.35 and a 52 week high of C$81.83. The company has a 50 day moving average price of C$66.10 and a 200 day moving average price of C$58.72. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 67.25. The firm has a market cap of C$23.00 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.05 and a beta of 1.06.

Ovintiv (TSE:OVV) last announced its earnings results on Monday, February 23rd. The company reported C$5.10 earnings per share for the quarter. Ovintiv had a net margin of 14.13% and a return on equity of 11.86%. The company had revenue of C$2.81 billion during the quarter. As a group, sell-side analysts forecast that Ovintiv will post 5.6577693 EPS for the current fiscal year.

About Ovintiv

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.