Ovintiv Inc. (TSE:OVV – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of C$90.81 and traded as high as C$93.06. Ovintiv shares last traded at C$92.46, with a volume of 170,852 shares changing hands.
Analyst Ratings Changes
A number of brokerages recently issued reports on OVV. National Bank Financial started coverage on shares of Ovintiv in a research report on Wednesday, October 28th. They set a “strong-buy” rating for the company. Wells Fargo & Company raised shares of Ovintiv to a “strong-buy” rating in a report on Wednesday, September 2nd. Finally, Seaport Research Partners began coverage on shares of Ovintiv in a research report on Wednesday, September 2nd. They issued a “hold” rating on the stock. Eight analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of C$75.00.
Read Our Latest Analysis on OVV
Ovintiv Stock Up 2.3%
The company has a market cap of C$24.84 billion, a P/E ratio of 18.46, a PEG ratio of 0.05 and a beta of 0.69. The company has a quick ratio of 0.51, a current ratio of 0.84 and a debt-to-equity ratio of 43.84. The firm has a fifty day moving average price of C$90.81 and a 200 day moving average price of C$81.30.
Ovintiv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Ovintiv’s dividend payout ratio is presently 23.95%.
Ovintiv Company Profile
Ovintiv Inc. is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.
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