Ovintiv (OVV) Gets a Buy from TD Cowen
TD Cowen analyst David Deckelbaum maintained a Buy rating on Ovintiv yesterday and set a price target of $60.00. The company’s shares closed yesterday at $54.84.
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Deckelbaum covers the Energy sector, focusing on stocks such as Ovintiv, SM Energy, and Devon Energy. According to TipRanks, Deckelbaum has an average return of 10.6% and a 51.25% success rate on recommended stocks.
In addition to TD Cowen, Ovintiv also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued today. 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 27 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. Earlier this month, Howard John Mayson, a Director at OVV sold 5,000.00 shares for a total of $261,950.00.
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