RBC Capital Markets raised its price target on Ovintiv Inc. (OVV.TO, OVV) to US$55 from US$53 on Friday.
Analyst Greg Pardy maintained a Sector Perform rating on shares of the oil and gas company following its fiscal Q4 results.
"Ovintiv delivered another solid quarter punctuated by balance sheet deleveraging, an important driver of the stock's relative performance in our eyes," Pardy said in a note to clients.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.