Ovintiv (TSE:OVV) Upgraded to "Strong-Buy" at William Blair
William Blair upgraded Ovintiv (TSE:OVV) to a "strong-buy" rating, with other analysts also providing positive ratings. Ovintiv's stock opened at C$56.80, with a market cap of C$14.39 billion. The company reported C$0.57 EPS and C$2.88 billion revenue for the last quarter. Analysts predict an EPS of 5.6577693 for the fiscal year. Ovintiv focuses on long-term shareholder value and sustainability.
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 Ovintiv
Ovintiv 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.
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