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

Ovintiv Inc. (TSE:OVV) has received an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the company.

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

Ovintiv Price Performance

Shares of OVV opened at C$62.81 on Wednesday. The stock has a market cap of C$17.80 billion, a P/E ratio of 67.54, a price-to-earnings-growth ratio of 0.05 and a beta of 1.05. The stock’s 50-day moving average price is C$56.43 and its two-hundred day moving average price is C$55.73. 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 1 year low of C$42.35 and a 1 year high of C$65.36.

Ovintiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.30 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 1.9%. Ovintiv’s dividend payout ratio is currently 129.03%.

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.