Ovintiv (OVV) Scheduled to Post Earnings on Thursday

Ovintiv (TSE:OVV) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect Ovintiv to post earnings of C$1.49 per share for the quarter.

Ovintiv Trading Down 0.5 %

Shares of OVV stock opened at C$55.26 on Wednesday. The firm has a fifty day moving average of C$55.61 and a 200-day moving average of C$61.76. The stock has a market cap of C$14.57 billion, a price-to-earnings ratio of 5.66, a P/E/G ratio of 0.05 and a beta of 2.63. Ovintiv has a 52-week low of C$49.74 and a 52-week high of C$76.63. The company has a debt-to-equity ratio of 67.70, a quick ratio of 0.51 and a current ratio of 0.44.

Ovintiv Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, September 13th. Ovintiv’s dividend payout ratio (DPR) is presently 16.58%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OVV. Siebert Williams Shank raised Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. Evercore ISI raised Ovintiv from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Finally, Wolfe Research upgraded Ovintiv to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$58.50.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.