Ovintiv Inc. (OVV) To Go Ex-Dividend on June 15th

Ovintiv Inc. (TSE:OVV) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th.

Ovintiv Price Performance

OVV stock traded up C$1.35 during mid-day trading on Friday, hitting C$80.24. 196,287 shares of the stock were exchanged, compared to its average volume of 300,937. The company has a debt-to-equity ratio of 66.59, a current ratio of 0.56 and a quick ratio of 0.51. The business has a fifty day moving average price of C$79.53 and a 200 day moving average price of C$68.57. Ovintiv has a 12 month low of C$50.13 and a 12 month high of C$86.86. The stock has a market capitalization of C$22.55 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.05 and a beta of 0.44.

Ovintiv (TSE:OVV) last issued its quarterly earnings results on Monday, May 11th. The company reported C($3.27) earnings per share (EPS) for the quarter. Ovintiv had a return on equity of 7.13% and a net margin of 8.59%.The firm had revenue of C$3.52 billion for the quarter. On average, sell-side analysts anticipate that Ovintiv will post 5.6577693 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Truist Financial raised Ovintiv to a “strong-buy” rating in a research note on Monday, March 23rd. Citigroup upgraded shares of Ovintiv from a “hold” rating to a “strong-buy” rating and set a C$70.00 price target for the company in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$70.00.

Ovintiv Company Profile

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.