Ovintiv Inc. (TSE:OVV) Stock Has Consensus Target Price of C$75.00

Shares of Ovintiv Inc. (TSE:OVV) have received a consensus rating of “Strong Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$75.00.

OVV has been the subject of a number of analyst reports. Seaport Research Partners raised shares of Ovintiv to a “hold” rating in a report on Wednesday, September 2nd. Wells Fargo & Company upgraded Ovintiv to a “strong-buy” rating in a research note on Wednesday, September 2nd.

Ovintiv Trading Down 0.1%

Shares of Ovintiv stock opened at C$99.83 on Monday. The firm has a market capitalization of C$27.61 billion, a PE ratio of 27.89, a P/E/G ratio of 0.05 and a beta of 0.53. The firm’s 50-day moving average price is C$90.76 and its 200 day moving average price is C$79.34. Ovintiv has a twelve month low of C$50.13 and a twelve month high of C$103.31. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 43.73.

Ovintiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 15th. Ovintiv’s dividend payout ratio (DPR) is currently 33.52%.

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.