Ovintiv (TSE:OVV) Stock Rating Upgraded by Scotiabank

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

Ovintiv Price Performance

TSE OVV opened at C$59.60 on Wednesday. The company has a market cap of C$10.84 billion, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63. Ovintiv has a 52 week low of C$49.74 and a 52 week high of C$76.63. The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 63.59. The firm’s 50-day simple moving average is C$61.41 and its two-hundred day simple moving average is C$58.90.

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.