Ovintiv (TSE:OVV) Stock Rating Upgraded by Scotiabank

Ovintiv (TSE:OVV) was upgraded by analysts at Scotiabank to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Ovintiv Stock Performance

TSE:OVV opened at C$59.60 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 63.59. The stock has a 50 day simple moving average of C$61.41 and a 200 day simple moving average of C$58.90. Ovintiv has a 1-year low of C$49.74 and a 1-year high of C$76.63. The stock has a market cap of C$10.84 billion, a P/E ratio of 5.46, a PEG ratio of 0.05 and a beta of 2.63.

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.