Siebert Williams Shank & Co Sticks to Their Buy Rating for Ovintiv (OVV)
Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Ovintiv today and set a price target of $67.00.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 13.5% and a 62.81% success rate. Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv.
In addition to Siebert Williams Shank & Co, Ovintiv also received a Buy from Barclays’s Betty Jiang in a report issued on April 17. However, today, Wells Fargo maintained 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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