Ovintiv (TSE:OVV) Upgraded to “Hold” at Stephens

Ovintiv (TSE:OVV) was upgraded by stock analysts at Stephens to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on OVV. William Blair upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada raised shares of Ovintiv from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 15th. Scotiabank cut Ovintiv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Roth Mkm raised Ovintiv to a “hold” rating in a report on Monday, October 13th. Finally, Wells Fargo & Company upgraded Ovintiv to a “hold” rating in a research report on Friday, October 17th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Ovintiv Price Performance

TSE OVV opened at C$60.15 on Tuesday. The stock has a 50-day simple moving average of C$55.33 and a 200 day simple moving average of C$55.22. Ovintiv has a twelve month low of C$42.35 and a twelve month high of C$65.73. The stock has a market capitalization of C$15.23 billion, a PE ratio of 64.68, a P/E/G ratio of 0.05 and a beta of 1.05. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.51 and a current ratio of 0.52.

Ovintiv (TSE:OVV) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.57 EPS for the quarter. Ovintiv had a return on equity of 19.62% and a net margin of 20.34%.The company had revenue of C$2.88 billion for the quarter. Research analysts anticipate that Ovintiv will post 5.6577693 EPS for the current year.

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.