Ovintiv Inc. (NYSE:OVV – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $60.56.
Several analysts have recently commented on OVV shares. UBS Group decreased their price objective on shares of Ovintiv from $66.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Truist Financial boosted their price objective on Ovintiv from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on Ovintiv in a research report on Thursday, July 18th. They set an “outperform” rating and a $65.00 target price for the company. Scotiabank boosted their price target on Ovintiv from $58.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Finally, TD Cowen increased their price objective on shares of Ovintiv from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, June 10th.
View Our Latest Analysis on Ovintiv
Hedge Funds Weigh In On Ovintiv
Ovintiv Stock Performance
NYSE:OVV opened at $40.83 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a 50-day simple moving average of $44.81 and a two-hundred day simple moving average of $48.21. The firm has a market capitalization of $10.90 billion, a PE ratio of 5.70, a P/E/G ratio of 6.89 and a beta of 2.62. Ovintiv has a 52-week low of $38.99 and a 52-week high of $55.95.
Ovintiv (NYSE:OVV – Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. Ovintiv had a net margin of 18.56% and a return on equity of 18.28%. Analysts forecast that Ovintiv will post 5.81 EPS for the current year.
Ovintiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, September 13th. Ovintiv’s payout ratio is 16.76%.
About Ovintiv
Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
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