Top Canadian Stocks Worth Watching – February 27th

CSX, Cenovus Energy, and Ovintiv are the three Canadian stocks to watch today, according to MarketBeat’s stock screener tool. Canadian stocks are shares of companies that are based in Canada and are traded on Canadian stock exchanges, such as the Toronto Stock Exchange. They represent partial ownership in these companies, allowing investors to benefit from their growth, dividends, and overall performance, while also being influenced by Canada’s economic conditions and regulatory framework. These companies had the highest dollar trading volume of any Canadian stocks within the last several days.

CSX (CSX)

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.

Shares of CSX stock traded up $0.10 on Thursday, reaching $32.08. The company’s stock had a trading volume of 3,064,096 shares, compared to its average volume of 13,925,537. CSX has a 12-month low of $31.43 and a 12-month high of $38.61. The stock’s 50 day simple moving average is $32.59 and its 200-day simple moving average is $33.72. The company has a market capitalization of $61.85 billion, a P/E ratio of 17.91, a PEG ratio of 1.92 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

Cenovus Energy (CVE)

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.

Shares of NYSE CVE traded down $0.11 during midday trading on Thursday, reaching $13.82. The company had a trading volume of 6,723,442 shares, compared to its average volume of 10,731,064. The stock has a market cap of $25.20 billion, a PE ratio of 11.45 and a beta of 1.99. Cenovus Energy has a one year low of $13.76 and a one year high of $21.90. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is $14.96 and its 200-day moving average price is $16.20.

Ovintiv (OVV)

Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.

NYSE:OVV traded up $1.48 during mid-day trading on Thursday, hitting $43.38. 2,095,670 shares of the company’s stock were exchanged, compared to its average volume of 2,497,400. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day moving average price of $42.81 and a 200 day moving average price of $42.13. Ovintiv has a one year low of $36.90 and a one year high of $55.95. The company has a market cap of $11.29 billion, a PE ratio of 5.74 and a beta of 2.60.