Ovintiv Inc. (TSE:OVV – Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.406 per share on Tuesday, December 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, December 13th.
Ovintiv Stock Up 4.4 %
Shares of TSE OVV traded up C$2.54 during midday trading on Friday, reaching C$60.07. 218,500 shares of the company’s stock traded hands, compared to its average volume of 121,888. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 67.70. The stock’s 50 day simple moving average is C$55.58 and its 200-day simple moving average is C$61.57. Ovintiv has a one year low of C$49.74 and a one year high of C$76.63. The company has a market cap of C$15.84 billion, a price-to-earnings ratio of 6.15, a P/E/G ratio of 0.05 and a beta of 2.63.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Ovintiv to a “strong-buy” rating in a research note on Thursday, July 18th. Siebert Williams Shank raised shares of Ovintiv to a “strong-buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Ovintiv has a consensus rating of “Buy” and a consensus target price of C$58.50.
Ovintiv Company Profile
Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.
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