Ovintiv (OVV) to Release Earnings on Wednesday

Ovintiv (NYSE:OVV) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Ovintiv to post earnings of $1.23 per share and revenue of $2.19 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ovintiv Stock Performance

Shares of NYSE OVV opened at $44.47 on Wednesday. The business’s 50-day simple moving average is $42.39 and its 200-day simple moving average is $42.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. Ovintiv has a 52 week low of $36.90 and a 52 week high of $55.95. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 5.90 and a beta of 2.60.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OVV. Citigroup decreased their price objective on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. UBS Group decreased their price target on shares of Ovintiv from $59.00 to $56.00 and set a “buy” rating for the company in a report on Monday, December 9th. Barclays lifted their price objective on Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Bank of America upgraded Ovintiv from a “neutral” rating to a “buy” rating and decreased their target price for the company from $55.00 to $54.00 in a research note on Monday, January 13th. Finally, Mizuho lowered their target price on Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.88.

Ovintiv Company Profile

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.