Ovintiv (OVV) Projected to Post Quarterly Earnings on Wednesday

Ovintiv (NYSE:OVV - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $2.19 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Ovintiv Stock Performance

NYSE:OVV traded down $2.21 during mid-day trading on Friday, hitting $43.33. The company's stock had a trading volume of 2,740,873 shares, compared to its average volume of 2,453,408. Ovintiv has a 1 year low of $36.90 and a 1 year high of $55.95. 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 stock has a market cap of $11.28 billion, a price-to-earnings ratio of 5.75 and a beta of 2.60. The business's fifty day moving average is $42.54 and its two-hundred day moving average is $42.08.

Analyst Ratings Changes

Several research firms have commented on OVV. UBS Group lowered their price target on shares of Ovintiv from $59.00 to $56.00 and set a "buy" rating on the stock in a report on Monday, December 9th. Bank of America raised shares of Ovintiv from a "neutral" rating to a "buy" rating and lowered their price target for the company from $55.00 to $54.00 in a report on Monday, January 13th. National Bankshares upped their price target on shares of Ovintiv from $51.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their price target on shares of Ovintiv from $48.00 to $42.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. Finally, Barclays upped their price objective on shares of Ovintiv from $57.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ovintiv currently has an average rating of "Moderate Buy" and an average target price of $56.88.

About Ovintiv

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.