Ovintiv (TSE:OVV) Upgraded to “Strong-Buy” at TD Cowen

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

Other equities analysts also recently issued reports about the company. Stephens upgraded Ovintiv to a “hold” rating in a research note on Tuesday, February 3rd. Scotiabank lowered Ovintiv from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada upgraded Ovintiv from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 15th. William Blair raised Ovintiv to a “strong-buy” rating in a research report on Wednesday, November 26th. Finally, Roth Mkm raised shares of Ovintiv to a “hold” rating in a report on Monday, October 13th. Four equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Ovintiv Stock Up 0.3%

Shares of TSE OVV opened at C$63.72 on Monday. 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 has a 1 year low of C$42.35 and a 1 year high of C$65.73. The stock’s 50-day simple moving average is C$55.79 and its 200-day simple moving average is C$55.48. The firm has a market cap of C$18.05 billion, a price-to-earnings ratio of 68.52, a PEG ratio of 0.05 and a beta of 1.05.

Ovintiv (TSE:OVV) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$0.57 earnings per share for the quarter. Ovintiv had a return on equity of 19.62% and a net margin of 20.34%.The firm had revenue of C$2.88 billion during the quarter. As a group, equities analysts anticipate that Ovintiv will post 5.6577693 earnings per share 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.