Ovintiv (OVV) Gets a Hold from Roth MKM

In a report released today, Nicholas Pope from Roth MKM maintained a Hold rating on Ovintiv, with a price target of $55.00.

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Pope covers the Energy sector, focusing on stocks such as Devon Energy, Ovintiv, and Riley Exploration Permian. According to TipRanks, Pope has an average return of 4.3% and a 50.00% success rate on recommended stocks.

In addition to Roth MKM, Ovintiv also received a Hold from Stephens’s Michael Scialla in a report issued today. However, on the same day, Citi maintained a Buy rating on Ovintiv (NYSE: OVV).

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