Ovintiv (OVV) Scheduled to Post Quarterly Earnings on Thursday

Ovintiv (NYSE:OVV) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Ovintiv Trading Up 0.0 %

Shares of Ovintiv stock opened at $39.96 on Wednesday. The company has a 50-day moving average of $40.58 and a two-hundred day moving average of $44.95. Ovintiv has a 12-month low of $36.90 and a 12-month high of $55.95. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.47. The stock has a market cap of $10.53 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 7.42 and a beta of 2.62.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OVV shares. Truist Financial dropped their price objective on Ovintiv from $62.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company cut their price target on Ovintiv from $51.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 1st. Royal Bank of Canada lowered their price objective on shares of Ovintiv from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. UBS Group dropped their target price on shares of Ovintiv from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Mizuho reduced their price target on shares of Ovintiv from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ovintiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

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.