Ovintiv (TSE:OVV) Stock Rating Upgraded by BMO Capital Markets

Ovintiv (TSE:OVV) was upgraded by equities researchers at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Scotiabank upgraded Ovintiv to a “strong-buy” rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of C$68.00.

Ovintiv Price Performance

OVV stock opened at C$62.57 on Monday. Ovintiv has a 12-month low of C$49.74 and a 12-month high of C$76.63. The stock has a 50-day moving average price of C$61.32 and a two-hundred day moving average price of C$58.96. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 63.59. The company has a market cap of C$11.38 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63.

About Ovintiv

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.