Barclays Sticks to Its Buy Rating for Ovintiv (OVV)
In a report released today, Betty Jiang from Barclays maintained a Buy rating on Ovintiv, with a price target of $62.00.
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According to TipRanks, Jiang is a 4-star analyst with an average return of 5.0% and a 53.00% success rate. Jiang covers the Energy sector, focusing on stocks such as Diamondback, APA, and Coterra Energy.
In addition to Barclays, Ovintiv also received a Buy from TipRanks – Google’s Google Oil and Gas Exploration and Production in a report issued yesterday. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Ovintiv (NYSE: OVV).
Based on Ovintiv’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.07 billion and a net profit of $946 million. In comparison, last year the company earned a revenue of $2.19 billion and had a GAAP net loss of $60 million
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OVV in relation to earlier this year. Last month, Meghan Nicole Eilers, the EVP, M&M & GC of OVV sold 11,582.00 shares for a total of $634,461.96.
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