Ovintiv (OVV) Scheduled to Post Earnings on Thursday

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

Ovintiv Stock Performance

Shares of OVV opened at C$55.26 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 67.70. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63. The company’s fifty day moving average is C$55.61 and its 200-day moving average is C$61.76. The firm has a market cap of C$14.57 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.41 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.97%. Ovintiv’s dividend payout ratio is currently 16.58%.

Analysts Set New Price Targets

Several research firms recently weighed in on OVV. Evercore ISI upgraded Ovintiv from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Wolfe Research upgraded shares of Ovintiv to a “strong-buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.