Ovintiv: Stocks Analysts Recently Downgraded on TSX (OVV)
Ovintiv is among the group of Toronto Stock Exchange stocks recently downgraded by analysts. This means each stock on this list has seen its averge consensus value drop in the last week so at least one analyst has downgraded their view on these stocks.
This report is generated monthly. It displays the number of analysts along with their buy-hold-sell ratings for the company. A company is included in this list when its mean rating decreases from the previous week. Stocks in this category are generally sold to preserve capital. Companies can get downgraded for a number of reasons - but primarily due to reduced future earnings potential due to loss of contracts, new faltering product lines or increasing costs relative to revenue or financial risk.
| Symbol | Name | Buy | Out Perform | Hold | Under Perform | Sell | No Opinion | Mean Rating | Previous Mean Rating | Mean Label |
|---|---|---|---|---|---|---|---|---|---|---|
| BEP-UN-T | Brookfield Renewable Partners LP | 4 | 4 | 3 | 0 | 0 | 0 | 4 | 4 | Outperform |
| NVEI-T | Nuvei Corp | 6 | 2 | 0 | 0 | 0 | 0 | 4 | 4 | Buy |
| TFII-T | TFI International Inc | 6 | 2 | 2 | 1 | 0 | 0 | 4 | 4 | Outperform |
| ABX-T | Barrick Gold Corp | 10 | 2 | 5 | 0 | 0 | 0 | 4 | 4 | Outperform |
| CM-T | Canadian Imperial Bank of Commerce | 2 | 2 | 8 | 0 | 1 | 0 | 3 | 3 | Hold |
| HUT-T | Hut 8 Mining Corp | 1 | 0 | 1 | 0 | 0 | 0 | 4 | 4 | Outperform |
| CDAY-T | Ceridian HCM Holding Inc | 2 | 2 | 0 | 0 | 0 | 0 | 4 | 4 | Outperform |
| EDV-T | Endeavour Mining PLC | 9 | 2 | 0 | 0 | 0 | 0 | 4 | 4 | Buy |
| WFG-T | West Fraser Timber Co.Ltd | 5 | 4 | 0 | 0 | 0 | 0 | 4 | 4 | Buy |
| OVV-T | Ovintiv Inc | 5 | 1 | 4 | 0 | 0 | 0 | 4 | 4 | Outperform |
| PRU-T | Perseus Mining Ltd | 2 | 0 | 1 | 0 | 0 | 0 | 4 | 4 | Outperform |
| AQN-T | Algonquin Power & Utilities Corp | 1 | 3 | 7 | 0 | 1 | 0 | 3 | 3 | Hold |
| ABST-T | Absolute Software Corp | 0 | 0 | 2 | 0 | 1 | 0 | 2 | 2 | Underperform |
More about Ovintiv Inc
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AI at The Globe and Mail This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
