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

Ovintiv Inc. (TSE:OVV) has been assigned an average rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and five have issued a strong buy recommendation on the company.

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

Ovintiv Trading Up 1.5%

Shares of OVV stock opened at C$75.99 on Friday. The stock has a 50-day simple moving average of C$62.69 and a 200 day simple moving average of C$57.74. The stock has a market capitalization of C$21.53 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.05 and a beta of 1.06. Ovintiv has a fifty-two week low of C$42.35 and a fifty-two week high of C$76.13. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 67.25.

Ovintiv Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Ovintiv’s payout ratio is 25.10%.

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.