- Maggio 30, 2022
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
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Denver-based Ovintiv is a hydrocarbon exploration and production company.
Recently, it reported its first-quarter results. While the company’s revenues fell 7% year-over-year to $1.97 billion, its earnings skyrocketed 97.3% from the same quarter last year.
Although the company recently raised its quarterly dividend by 25%, its dividend yield of 1.29% is still less than the sector average of 2.79%.
Recently, Kumar reiterated a Buy rating on the stock with a price target of $68, which implies upside potential of 20.5% from current levels.
With a success rate of 100%, Kumar has rated the stock a total of seven times. So far, he has generated an average profit of 60.1% on the stock.
