Top Canadian Stocks Worth Watching - February 27th

According to recent data from MarketBeat's stock screener tool, three Canadian stocks have captured attention today: CSX, Cenovus Energy, and Ovintiv. These stocks are part of companies based in Canada and are actively traded on local stock exchanges such as the Toronto Stock Exchange. Investing in Canadian stocks means holding a partial stake in these companies, which allows investors to benefit from their growth and dividends, while also being affected by the overall economic environment and regulations in Canada.

CSX (CSX)

CSX Corporation, along with its subsidiaries, is a key player in the rail-based freight transportation sector. The company provides various services including rail transport for intermodal containers and trailers, as well as logistics operations like rail-to-truck transfers and dealing with bulk commodities. It engages in transporting a diverse range of products including chemicals, agricultural goods, minerals, automotive parts, fertilizers, and metals. CSX also plays a role in transporting coal and iron ore to power plants and steel manufacturers, among other clients.

Recently, CSX stock showed a slight increase, trading up by $0.10 to reach $32.08. On Thursday, the trading volume for CSX was 3,064,096 shares, significantly lower than its average volume of 13,925,537. Over the past year, CSX's stock has seen a low of $31.43 and a high of $38.61. Its market capitalization stands at $61.85 billion with a P/E ratio of 17.91 and a PEG ratio of 1.92. Financial indicators include a quick ratio of 1.23 and a current ratio of 0.86, with a debt-to-equity ratio of 1.43.

Cenovus Energy (CVE)

Cenovus Energy Inc. engages in the development, production, refinement, transportation, and marketing of crude oil, natural gas, and their refined products, both in Canada and internationally. Its operational segments include Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining.

In trading on Thursday, Cenovus Energy saw a minor drop, with shares down by $0.11 to $13.82. The trading volume stood at 6,723,442, compared to an average of 10,731,064. The company boasts a market cap of $25.20 billion, along with a P/E ratio of 11.45. Over the last year, the stock has fluctuated between a low of $13.76 and a high of $21.90, and features a quick ratio of 0.95, a current ratio of 1.59, and a debt-to-equity ratio of 0.24.

Ovintiv (OVV)

Ovintiv Inc. is involved in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids within the U.S. and Canada. The company operates several segments, including USA Operations, Canadian Operations, and Market Optimization. Key assets include operations in the Permian Basin in West Texas, the Anadarko region in Oklahoma, and the Montney formation in British Columbia and Alberta.

On Thursday, Ovintiv's stock rose by $1.48, reaching a value of $43.38. The trading volume was recorded at 2,095,670 shares, which is lower than the average of 2,497,400. Ovintiv has a market cap of $11.29 billion, a P/E ratio of 5.74, and a beta of 2.60. Its trading ranges over the past year show a low of $36.90 and a high of $55.95. Financial metrics include a debt-to-equity ratio of 0.46, a current ratio of 0.52, and a quick ratio of 0.52.

Stocks, Canada, Investment