Ovintiv (TSE:OVV - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$1.49 per share for the quarter.
Ovintiv (TSE:OVV - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.69 earnings per share for the quarter, beating the consensus estimate of C$1.67 by C$0.02. Ovintiv had a return on equity of 19.75% and a net margin of 18.84%. The company had revenue of C$3.13 billion during the quarter, compared to analysts' expectations of C$3.46 billion.
Ovintiv Stock Performance
OVV stock traded down C$0.08 on Thursday, reaching C$54.55. 88,649 shares of the company were exchanged, compared to its average volume of 121,120. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63. The stock's fifty day moving average price is C$55.87 and its 200 day moving average price is C$62.25. The firm has a market capitalization of C$14.38 billion, a PE ratio of 5.59, a PEG ratio of 0.05 and a beta of 2.63.
Ovintiv Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.01%. Ovintiv's payout ratio is presently 16.58%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Evercore ISI raised shares of Ovintiv from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 10th. Wolfe Research raised Ovintiv to a "strong-buy" rating in a report on Thursday, July 18th. Finally, Siebert Williams Shank upgraded Ovintiv to a "strong-buy" rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Ovintiv has an average rating of "Buy" and a consensus price target of C$58.50.
Check Out Our Latest Stock Analysis on Ovintiv
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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