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Ovintiv upgraded to Outperform at Cowen » 07:44
08/24/21
08/24
07:44
08/24/21
07:44
OVV

Ovintiv

$24.48 /

+1.36 (+5.88%)

As reported previously,…

As reported previously, Cowen analyst Gabe Daoud upgraded Ovintiv to Outperform from Market Perform with a price target of $39, down from $40. The analyst said the company stands out with best-in-class yield and 'rate of change' potential on RoC given its leverage to all three commodities (oil, natgas, NGLs), along with across the board pricing strength and capital efficiency gains.

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OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

08/24/21 Cowen
Ovintiv upgraded to Outperform from Market Perform at Cowen
08/17/21 BofA
Ovintiv reinstated with Buy on debt reduction plan at BofA
08/17/21 BofA
Ovintiv reinstated with a Buy at BofA
07/27/21
Fly Intel: Top five analyst initiations
OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

Upgrade
Ovintiv upgraded to Outperform from Market Perform at Cowen » 05:45
08/24/21
08/24
05:45
08/24/21
05:45
OVV

Ovintiv

$24.48 /

+1.36 (+5.88%)

Cowen analyst Gabe Daoud…

Cowen analyst Gabe Daoud upgraded Ovintiv to Outperform from Market Perform with a price target of $39, down from $40.

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OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

08/17/21 BofA
Ovintiv reinstated with Buy on debt reduction plan at BofA
08/17/21 BofA
Ovintiv reinstated with a Buy at BofA
07/27/21
Fly Intel: Top five analyst initiations
07/27/21 Wells Fargo
Ovintiv initiated with an Overweight at Wells Fargo
OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

OVV Ovintiv
$24.48 /

+1.36 (+5.88%)

Over a month ago
Initiation
Ovintiv reinstated with Buy on debt reduction plan at BofA » 10:17
08/17/21
08/17
10:17
08/17/21
10:17
OVV

Ovintiv

$23.95 /

+0.46 (+1.96%)

BofA analyst Doug Leggate…

BofA analyst Doug Leggate earlier today reinstated coverage of Ovintiv with a Buy rating and $38 price target. The company has a "line of sight" to accelerate debt reduction that is "poised to transfer value" to the equity, Leggate told investors in a research note. The analyst says that with deleveraging ahead of schedule, he sees an improvement in Ovintiv's cost of capital, which he notes is the highest in the peer group.

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OVV Ovintiv
$23.95 /

+0.46 (+1.96%)

OVV Ovintiv
$23.95 /

+0.46 (+1.96%)

08/17/21 BofA
Ovintiv reinstated with a Buy at BofA
07/27/21
Fly Intel: Top five analyst initiations
07/27/21 Wells Fargo
Ovintiv initiated with an Overweight at Wells Fargo
07/20/21 Raymond James
Ovintiv resumed with a Market Perform at Raymond James
OVV Ovintiv
$23.95 /

+0.46 (+1.96%)

OVV Ovintiv
$23.95 /

+0.46 (+1.96%)

Initiation
Ovintiv reinstated with a Buy at BofA » 06:09
08/17/21
08/17
06:09
08/17/21
06:09
OVV

Ovintiv

$23.49 /

-0.77 (-3.17%)

BofA reinstated coverage…

BofA reinstated coverage of Ovintiv with a Buy rating and $38 price target.

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OVV Ovintiv
$23.49 /

-0.77 (-3.17%)

OVV Ovintiv
$23.49 /

-0.77 (-3.17%)

07/27/21
Fly Intel: Top five analyst initiations
07/27/21 Wells Fargo
Ovintiv initiated with an Overweight at Wells Fargo
07/20/21 Raymond James
Ovintiv resumed with a Market Perform at Raymond James
07/19/21 Credit Suisse
Ovintiv upgraded to Outperform from Neutral at Credit Suisse
OVV Ovintiv
$23.49 /

-0.77 (-3.17%)

OVV Ovintiv
$23.49 /

-0.77 (-3.17%)

Hot Stocks
Ovintiv raises dividend 50% to 14c » 17:36
07/27/21
07/27
17:36
07/27/21
17:36
OVV

Ovintiv

$27.15 /

-1.06 (-3.76%)

Ovintiv's Board…

Ovintiv's Board declared a dividend of 14c per share of common stock payable on September 30 to common stockholders of record as of September 15, 2021.This represents an increase of approximately 50% from the previous level.

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OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

07/27/21
Fly Intel: Top five analyst initiations
07/27/21 Wells Fargo
Ovintiv initiated with an Overweight at Wells Fargo
07/20/21 Raymond James
Ovintiv resumed with a Market Perform at Raymond James
07/19/21 Credit Suisse
Ovintiv upgraded to Outperform from Neutral at Credit Suisse
OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

Earnings
Ovintiv reports Q2 EPS (79c) with items, consensus $1.04 » 17:35
07/27/21
07/27
17:35
07/27/21
17:35
OVV

Ovintiv

$27.15 /

-1.06 (-3.76%)

Q2 results included the…

Q2 results included the impact of net losses on risk management of $799M, before-tax. Reports Q2 average total production was 555,000 MBOE/d and crude and condensate production averaged 201 Mbbls/d. "Our track record of free cash flow generation continued in the Q2 with another $350M of free cash, bringing us to a total of $890M year-to-date," said Ovintiv CEO, Doug Suttles. "We also expect to reach our original $4.5B net debt target before year-end - one year ahead of our original timeline. This achievement will mark almost $3B of net debt reduction since the Q2 of 2020. Our business continues to perform exceptionally well with operational efficiency gains and supply chain management more than offsetting cost inflation year-to-date. Ovintiv is positioned to thrive on the road ahead."

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OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

07/27/21
Fly Intel: Top five analyst initiations
07/27/21 Wells Fargo
Ovintiv initiated with an Overweight at Wells Fargo
07/20/21 Raymond James
Ovintiv resumed with a Market Perform at Raymond James
07/19/21 Credit Suisse
Ovintiv upgraded to Outperform from Neutral at Credit Suisse
OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

OVV Ovintiv
$27.15 /

-1.06 (-3.76%)

Initiation
Fly Intel: Top five analyst initiations » 09:55
07/27/21
07/27
09:55
07/27/21
09:55
HEPS

Hepsiburada

$13.97 /

+0.69 (+5.20%)

, OVV

Ovintiv

$27.34 /

-0.87 (-3.08%)

, NYXH

Nyxoah

$32.60 /

+ (+0.00%)

, CELC

Celcuity

$20.84 /

-0.01 (-0.05%)

, RMGB

RMG Acquisition Corporation II

$9.93 /

+0.01 (+0.10%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hepsiburada (HEPS) initiated with a Buy at Goldman Sachs, an Overweight at JPMorgan and an Equal Weight at Morgan Stanley. 2. Ovintiv (OVV) initiated with an Overweight at Wells Fargo. 3. Nyxoah (NYXH) initiated with a Buy at Stifel. 4. Celcuity (CELC) initiated with a Buy at Needham. 5. RMG Acquisition Corporation II (RMGB) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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RMGB RMG Acquisition Corporation II
$9.93 /

+0.01 (+0.10%)

OVV Ovintiv
$27.34 /

-0.87 (-3.08%)

CELC Celcuity
$20.84 /

-0.01 (-0.05%)

HEPS Hepsiburada
$13.97 /

+0.69 (+5.20%)

07/27/21 JPMorgan
Hepsiburada initiated with an Overweight at JPMorgan
07/27/21 Morgan Stanley
Hepsiburada initiated with an Equal Weight at Morgan Stanley
07/27/21 Goldman Sachs
Hepsiburada initiated with a Buy at Goldman Sachs
OVV Ovintiv
$27.34 /

-0.87 (-3.08%)

07/27/21 Wells Fargo
Ovintiv initiated with an Overweight at Wells Fargo
07/20/21 Raymond James
Ovintiv resumed with a Market Perform at Raymond James
07/19/21 Credit Suisse
Ovintiv upgraded to Outperform from Neutral at Credit Suisse
07/15/21 Mizuho
Ovintiv price target raised to $44 from $37 at Mizuho
NYXH Nyxoah
$32.60 /

+ (+0.00%)

07/27/21 Stifel
Nyxoah initiated with a Buy at Stifel
CELC Celcuity
$20.84 /

-0.01 (-0.05%)

07/27/21 Needham
Celcuity initiated with a Buy at Needham
04/12/21 H.C. Wainwright
Celcuity price target raised to $30 from $19 at H.C. Wainwright
02/17/21 Craig-Hallum
Celcuity price target raised to $24 from $19 at Craig-Hallum
02/17/21 H.C. Wainwright
Celcuity price target raised to $19 from $18 at H.C. Wainwright
RMGB RMG Acquisition Corporation II
$9.93 /

+0.01 (+0.10%)

07/27/21 Roth Capital
RMG Acquisition Corporation II initiated with a Buy at Roth Capital
OVV Ovintiv
$27.34 /

-0.87 (-3.08%)

  • 29
    Jun
  • 01
    Jul
  • 24
    Feb
HEPS Hepsiburada
$13.97 /

+0.69 (+5.20%)

CELC Celcuity
$20.84 /

-0.01 (-0.05%)

RMGB RMG Acquisition Corporation II
$9.93 /

+0.01 (+0.10%)

OVV Ovintiv
$27.34 /

-0.87 (-3.08%)

Initiation
Ovintiv initiated with an Overweight at Wells Fargo » 06:20
07/27/21
07/27
06:20
07/27/21
06:20
OVV

Ovintiv

$28.21 /

+0.85 (+3.11%)

Wells Fargo analyst Nitin…

Wells Fargo analyst Nitin Kumar initiated coverage of Ovintiv with an Overweight rating and $38 price target. The analyst sees the company's "diversified" asset portfolio as capable of supporting sustained cash return to shareholders. This is driven by Ovintiv's "peer-leading" well costs and diversified hydrocarbon exposure in its U.S. Shale assets, further supported by its Canadian operations, Kumar tells investors in a research note. The analyst says the shares are underappreciated at current levels.

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OVV Ovintiv
$28.21 /

+0.85 (+3.11%)

OVV Ovintiv
$28.21 /

+0.85 (+3.11%)

07/20/21 Raymond James
Ovintiv resumed with a Market Perform at Raymond James
07/19/21 Credit Suisse
Ovintiv upgraded to Outperform from Neutral at Credit Suisse
07/15/21 Mizuho
Ovintiv price target raised to $44 from $37 at Mizuho
06/25/21 Citi
Ovintiv upgraded to Buy from Neutral at Citi
OVV Ovintiv
$28.21 /

+0.85 (+3.11%)

OVV Ovintiv
$28.21 /

+0.85 (+3.11%)

Initiation
Ovintiv resumed with a Market Perform at Raymond James » 07:50
07/20/21
07/20
07:50
07/20/21
07:50
OVV

Ovintiv

$24.81 /

-1.28 (-4.91%)

Raymond James analyst…

Raymond James analyst George Huang resumed coverage of Ovintiv with a Market Perform rating and $35 price target. Huang believes Ovintiv, under new management, has done a commendable job rightsizing the balance sheet as well as driving down costs across the entire North American portfolio, the analyst tells investors in a research note.

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OVV Ovintiv
$24.81 /

-1.28 (-4.91%)

OVV Ovintiv
$24.81 /

-1.28 (-4.91%)

07/19/21 Credit Suisse
Ovintiv upgraded to Outperform from Neutral at Credit Suisse
07/15/21 Mizuho
Ovintiv price target raised to $44 from $37 at Mizuho
06/25/21 Citi
Ovintiv upgraded to Buy from Neutral at Citi
06/03/21 Barclays
Ovintiv upgraded to Overweight from Underweight at Barclays
OVV Ovintiv
$24.81 /

-1.28 (-4.91%)

OVV Ovintiv
$24.81 /

-1.28 (-4.91%)

Upgrade
Ovintiv upgraded to Outperform from Neutral at Credit Suisse » 05:34
07/19/21
07/19
05:34
07/19/21
05:34
OVV

Ovintiv

$26.10 /

-1.605 (-5.79%)

Credit Suisse analyst…

Credit Suisse analyst William Janela upgraded Ovintiv to Outperform from Neutral with a price target of $38, up from $29. as Execution on asset sales and support from higher commodity prices position Ovintiv to hit its debt reduction targets by Q4, Janela tells investors in a research note. This will clear the way for the company to "meaningfully accelerate" cash returns to shareholders and provide "optionality for growth" into 2022, Janela tells investors in a research note.

ShowHide Related Items >><<
OVV Ovintiv
$26.10 /

-1.605 (-5.79%)

OVV Ovintiv
$26.10 /

-1.605 (-5.79%)

07/15/21 Mizuho
Ovintiv price target raised to $44 from $37 at Mizuho
06/25/21 Citi
Ovintiv upgraded to Buy from Neutral at Citi
06/03/21 Barclays
Ovintiv upgraded to Overweight from Underweight at Barclays
05/26/21 JPMorgan
JPMorgan upgrades Ovintiv on deleveraging, execution strength
OVV Ovintiv
$26.10 /

-1.605 (-5.79%)

OVV Ovintiv
$26.10 /

-1.605 (-5.79%)

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