Ovintiv Inc. (TSE:OVV - Get Free Report)'s share price traded up 3.7% during trading on Thursday . The company traded as high as C$63.62 and last traded at C$62.36. 250,233 shares were traded during trading, an increase of 70% from the average session volume of 147,163 shares. The stock had previously closed at C$60.13.
Ovintiv Price Performance
The firm has a 50-day simple moving average of C$61.81 and a 200-day simple moving average of C$59.04. The firm has a market capitalization of C$10.26 billion, a PE ratio of 5.17, a PEG ratio of 0.05 and a beta of 2.63. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51.
Ovintiv Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.13%. Ovintiv's dividend payout ratio (DPR) is 14.85%.
Ovintiv Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Ovintiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ovintiv wasn't on the list.
While Ovintiv currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
