Ovintiv (TSE:OVV) Upgraded at Seaport Research Partners

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

Other equities research analysts also recently issued reports about the stock. 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. Texas Capital raised shares of Ovintiv to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company upgraded Ovintiv to a “strong-buy” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ovintiv has a consensus rating of “Strong Buy” and an average target price of C$75.00.

Ovintiv Stock Down 1.9%

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

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.