National Bank Financial Begins Coverage on Ovintiv (TSE:OVV)

Analysts at National Bank Financial assumed coverage on shares of Ovintiv (TSE:OVV) in a research note issued on Wednesday, Zacks reports. The brokerage set a “strong-buy” rating on the stock.

A number of other brokerages also recently commented on OVV. Wells Fargo & Company raised Ovintiv to a “strong-buy” rating in a research report on Wednesday, September 2nd. Seaport Research Partners initiated coverage on shares of Ovintiv in a report on Wednesday, September 2nd. They issued a “hold” rating on the stock. Eight equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of C$75.00.

Ovintiv Trading Up 0.3%

OVV opened at C$100.11 on Wednesday. Ovintiv has a 12 month low of C$50.13 and a 12 month high of C$103.31. The stock has a market capitalization of C$27.69 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 0.05 and a beta of 0.53. The company has a debt-to-equity ratio of 43.73, a current ratio of 1.01 and a quick ratio of 0.51. The business has a fifty day moving average price of C$90.95 and a 200 day moving average price of C$79.57.

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.