Ovintiv (OVV) to Release Quarterly Earnings on Wednesday

Ovintiv (NYSE:OVV) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Ovintiv to post earnings of $1.23 per share and revenue of $2.19 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ovintiv Trading Down 4.9 %

OVV opened at $43.33 on Monday. Ovintiv has a 12 month low of $36.90 and a 12 month high of $55.95. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 5.75 and a beta of 2.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day moving average price of $42.59 and a 200 day moving average price of $42.12.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company lowered their target price on Ovintiv from $48.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Scotiabank upped their target price on Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a research report on Monday, November 18th. Bank of America raised Ovintiv from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $55.00 to $54.00 in a research report on Monday, January 13th. Truist Financial increased their target price on Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Citigroup cut their target price on Ovintiv from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.88.

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.