Ovintiv (TSE:OVV) Raised to Strong-Buy at TD Cowen

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

OVV has been the topic of a number of other research reports. Scotiabank downgraded Ovintiv from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Royal Bank Of Canada raised shares of Ovintiv from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 15th. Wells Fargo & Company upgraded shares of Ovintiv to a “hold” rating in a research note on Friday, October 17th. William Blair raised Ovintiv to a “strong-buy” rating in a report on Wednesday, November 26th. Finally, Stephens raised Ovintiv to a “hold” rating in a report on Tuesday, February 3rd. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Ovintiv Stock Up 0.3%

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. The company has a market capitalization of C$18.05 billion, a PE ratio of 68.52, a P/E/G ratio of 0.05 and a beta of 1.05. The stock’s fifty day moving average is C$55.79 and its 200-day moving average is C$55.48. Ovintiv has a one year low of C$42.35 and a one year high of C$65.73.

Ovintiv (TSE:OVV) last released its earnings results on Tuesday, November 4th. The company reported C$0.57 EPS for the quarter. The business had revenue of C$2.88 billion for the quarter. Ovintiv had a net margin of 20.34% and a return on equity of 19.62%. On average, equities analysts predict that Ovintiv will post 5.6577693 EPS 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.