Ovintiv (TSE:OVV) Stock Rating Upgraded by Truist Financial

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

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

Ovintiv Trading Up 3.9%

TSE OVV opened at C$81.18 on Monday. The stock has a market cap of C$23.00 billion, a P/E ratio of 16.98, a PEG ratio of 0.05 and a beta of 1.06. The company’s fifty day simple moving average is C$66.10 and its 200-day simple moving average is C$58.72. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 67.25. Ovintiv has a 52 week low of C$42.35 and a 52 week high of C$81.83.

Ovintiv (TSE:OVV) last released its quarterly earnings results on Monday, February 23rd. The company reported C$5.10 earnings per share (EPS) for the quarter. Ovintiv had a net margin of 14.13% and a return on equity of 11.86%. The firm had revenue of C$2.81 billion for the quarter. Equities research analysts predict that Ovintiv will post 5.6577693 EPS for the current fiscal 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.