Ovintiv Inc. (TSE:OVV) Plans Quarterly Dividend of $0.30

Ovintiv Inc. (TSE:OVV) announced a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be paid a dividend of 0.30 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, December 15th.

Ovintiv Price Performance

TSE OVV traded down C$0.30 on Friday, reaching C$55.48. 219,709 shares of the stock traded hands, compared to its average volume of 206,785. Ovintiv has a 12 month low of C$42.35 and a 12 month high of C$66.67. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. The firm’s fifty day simple moving average is C$54.32 and its 200 day simple moving average is C$55.01. The company has a market cap of C$14.05 billion, a price-to-earnings ratio of 59.66, a P/E/G ratio of 0.05 and a beta of 0.85.

Ovintiv (TSE:OVV) last announced its earnings results on Tuesday, November 4th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$2.88 billion during the quarter. Ovintiv had a return on equity of 19.62% and a net margin of 20.34%. As a group, research analysts predict that Ovintiv will post 5.6577693 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. William Blair raised shares of Ovintiv to a “strong-buy” rating in a research note on Wednesday, November 26th. Wells Fargo & Company raised shares of Ovintiv to a “hold” rating in a research note on Friday, October 17th. Royal Bank Of Canada raised Ovintiv from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 15th. Finally, Roth Capital raised Ovintiv to a “hold” rating in a research note on Monday, October 13th. Five 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 company. According to data from MarketBeat, the stock has an average rating of “Buy”.

About Ovintiv

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.