Scotiabank upgraded shares of Ovintiv (TSE:OVV - Free Report) to a strong-buy rating in a research report report published on Wednesday, March 19th,Zacks.com reports.
Ovintiv Trading Up 0.4 %
Shares of TSE:OVV traded up C$0.26 during midday trading on Wednesday, hitting C$62.83. The company had a trading volume of 133,701 shares, compared to its average volume of 161,703. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 63.59. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63. The firm has a fifty day simple moving average of C$61.27 and a 200 day simple moving average of C$59.00. The stock has a market cap of C$11.43 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 0.05 and a beta of 2.63.
Ovintiv Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, March 14th. Ovintiv's payout ratio is presently 14.85%.
About Ovintiv
(
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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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