Ovintiv Inc. (OVV) To Go Ex-Dividend on June 15th

Ovintiv Inc. (TSE:OVV) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th.

Ovintiv Stock Up 1.7%

OVV stock traded up C$1.35 during mid-day trading on Friday, hitting C$80.24. 196,287 shares of the company were exchanged, compared to its average volume of 300,937. The company has a market capitalization of C$22.55 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 0.05 and a beta of 0.44. The company has a current ratio of 0.56, a quick ratio of 0.51 and a debt-to-equity ratio of 66.59. Ovintiv has a twelve month low of C$50.13 and a twelve month high of C$86.86. The firm has a fifty day simple moving average of C$79.53 and a 200 day simple moving average of C$68.57.

Ovintiv (TSE:OVV) last announced its quarterly earnings data on Monday, May 11th. The company reported C($3.27) earnings per share for the quarter. The company had revenue of C$3.52 billion for the quarter. Ovintiv had a return on equity of 7.13% and a net margin of 8.59%. On average, research analysts forecast that Ovintiv will post 5.6577693 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on OVV. Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price objective for the company in a report on Wednesday, May 20th. Truist Financial raised shares of Ovintiv to a “strong-buy” rating in a report on Monday, March 23rd. Six research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$70.00.

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.