Ovintiv (TSE:OVV) Upgraded to Strong-Buy at Scotiabank

Ovintiv (TSE:OVV) was upgraded by equities researchers at Scotiabank to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Ovintiv Stock Performance

Shares of OVV stock opened at C$59.60 on Wednesday. The stock has a market cap of C$10.84 billion, a P/E ratio of 5.46, a P/E/G ratio of 0.05 and a beta of 2.63. The company has a fifty day moving average price of C$61.41 and a two-hundred day moving average price of C$58.90. Ovintiv has a one year low of C$49.74 and a one year high of C$76.63. The company has a debt-to-equity ratio of 63.59, a current ratio of 0.52 and a quick ratio of 0.51.

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.