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Barclays Keeps Their Buy Rating on Ovintiv (OVV)

Tipranks - Tipranks - Wed Jul 8, 4:54AM CDT

Barclays analyst Betty Jiang maintained a Buy rating on Ovintiv today and set a price target of $75.00.

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Jiang covers the Energy sector, focusing on stocks such as Devon Energy, Chevron, and EOG Resources. According to TipRanks, Jiang has an average return of 1.0% and a 43.81% success rate on recommended stocks.

In addition to Barclays, Ovintiv also received a Buy from Wells Fargo’s Sam Margolin in a report issued on July 2. However, on June 29, Morgan Stanley maintained a Hold rating on Ovintiv (NYSE: OVV).

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Based on Ovintiv’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.53 billion and a GAAP net loss of $630 million. In comparison, last year the company earned a revenue of $2.38 billion and had a GAAP net loss of $159 million

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