Ovintiv (TSE:OVV) Stock Rating Upgraded by Seaport Research Partners

Ovintiv (TSE:OVV) was upgraded by Seaport Research Partners to a “hold” rating in a research note issued on Wednesday, MarketBeat reports.

Several other equities research analysts also recently commented on OVV. Wells Fargo & Company upgraded shares of Ovintiv to a “strong-buy” rating in a research report on Wednesday. Citigroup raised shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price target for the company in a research note on Wednesday, May 20th. Finally, Texas Capital upgraded shares of Ovintiv to a “strong-buy” rating in a report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ovintiv presently has an average rating of “Strong Buy” and a consensus target price of C$75.00.

Ovintiv Stock Performance

Shares of OVV stock opened at C$90.86 on Wednesday. The firm has a market capitalization of C$25.13 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 0.05 and a beta of 0.36. The company has a current ratio of 1.01, a quick ratio of 0.51 and a debt-to-equity ratio of 43.73. The business’s 50-day moving average price is C$84.48 and its 200-day moving average price is C$79.77. Ovintiv has a 12 month low of C$50.13 and a 12 month high of C$93.43.

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.