Ovintiv (OVV) to Release Quarterly Earnings on Wednesday

Ovintiv (NYSE:OVV) is expected to be issuing 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. Investors interested in registering for the company’s conference call can do so using this link.

Ovintiv Stock Down 4.9 %

Shares of OVV stock opened at $43.33 on Monday. The stock’s 50-day simple moving average is $42.59 and its 200-day simple moving average is $42.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $11.28 billion, a PE ratio of 5.75 and a beta of 2.60. Ovintiv has a fifty-two week low of $36.90 and a fifty-two week high of $55.95.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OVV shares. National Bankshares increased their price objective on Ovintiv from $51.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company dropped their target price on Ovintiv from $48.00 to $42.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Scotiabank raised their target price on Ovintiv from $50.00 to $53.00 and gave the stock a “sector outperform” rating in a report on Monday, November 18th. UBS Group dropped their target price on Ovintiv from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, December 9th. Finally, Citigroup dropped their target price on Ovintiv from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.