Ovintiv (OVV) to Release Quarterly Earnings on Wednesday

Ovintiv (NYSE:OVV) is expected to be announcing its earnings results 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. Parties interested in participating in the company’s conference call can do so using this link.

Ovintiv Price Performance

OVV stock opened at $44.47 on Wednesday. The stock’s 50 day moving average is $42.39 and its two-hundred day moving average is $42.03. Ovintiv has a 52-week low of $36.90 and a 52-week high of $55.95. The company has a market capitalization of $11.58 billion, a PE ratio of 5.90 and a beta of 2.60. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

Several research analysts have weighed in on OVV shares. Truist Financial raised their price objective on shares of Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Wells Fargo & Company decreased their price target on Ovintiv from $48.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. UBS Group cut their price objective on Ovintiv from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Citigroup decreased their target price on Ovintiv from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, National Bankshares upped their price target on Ovintiv from $51.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ovintiv currently has an average rating of “Moderate Buy” and a consensus target price 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.