Ovintiv (TSE:OVV) Upgraded to "Strong-Buy" at William Blair

Ovintiv (TSE:OVV - Get Free Report) was upgraded by research analysts at William Blair to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.A number of other equities analysts have also commented on the stock. Royal Bank Of Canada upgraded shares of Ovintiv from a "hold" rating to a "moderate buy" rating in a report on Wednesday, October 15th. Roth Capital raised Ovintiv to a "hold" rating in a research report on Monday, October 13th. Finally, Wells Fargo & Company raised Ovintiv to a "hold" rating in a report on Friday, October 17th. Five equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".Get Our Latest Analysis on OvintivOvintiv Stock Up 3.2%TSE OVV opened at C$56.80 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. Ovintiv has a fifty-two week low of C$42.35 and a fifty-two week high of C$66.67. The business has a 50 day moving average price of C$54.31 and a two-hundred day moving average price of C$54.56. The stock has a market cap of C$14.39 billion, a PE ratio of 61.08, a P/E/G ratio of 0.05 and a beta of 0.88. Ovintiv (TSE:OVV - Get Free Report) last posted 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%. As a group, sell-side analysts predict that Ovintiv will post 5.6577693 EPS for the current fiscal year. Ovintiv Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Ovintiv3 Monster Growth Stocks to Buy NowWhy Gold Loves Trump as Much as Trump Loves Gold5 Top Rated Dividend Stocks to ConsiderGoogle's Gemini 3 Sends Broadcom Soaring: TPUs Take Center StageWith Risk Tolerance, One Size Does Not Fit AllPalantir Isn’t Just Riding the AI Boom—It’s Orchestrating ItThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ovintiv Right Now?Before you consider Ovintiv, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ovintiv wasn't on the list.While Ovintiv currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here