In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Ovintiv Inc (NYSE: OVV) was $34.53 for the day, up 2.62% from the previous closing price of $33.65. In other words, the price has increased by $2.62 from its previous closing price. On the day, 2.81 million shares were traded. OVV stock price reached its highest trading level at $34.61 during the session, while it also had its lowest trading level at $33.66.
Ratios:
Our analysis of OVV’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 214.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.47. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.51. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.54.
On March 24, 2025, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $55 to $57.
BofA Securities Upgraded its Neutral to Buy on January 13, 2025, whereas the target price for the stock was revised from $55 to $54.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 31 ’24 when Mayson Howard John sold 4,000 shares for $51.14 per share. The transaction valued at 204,560 led to the insider holds 45,279 shares of the business.
NANCE STEVEN W sold 12,000 shares of OVV for $600,000 on May 13 ’24. The Director now owns 8,929 shares after completing the transaction at $50.00 per share. On May 14 ’24, another insider, Chhina Sippy, who serves as the Director of the company, bought 1,600 shares for $49.50 each. As a result, the insider paid 79,200 and bolstered with 1,600 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OVV now has a Market Capitalization of 8988987392 and an Enterprise Value of 15197003776. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.22, and their Forward P/E ratio for the next fiscal year is 6.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.699 whereas that against EBITDA is 3.478.
Stock Price History:
The Beta on a monthly basis for OVV is 1.19, which has changed by -0.35167104 over the last 52 weeks, in comparison to a change of 0.07545352 over the same period for the S&P500. Over the past 52 weeks, OVV has reached a high of $53.57, while it has fallen to a 52-week low of $29.80. The 50-Day Moving Average of the stock is -12.33%, while the 200-Day Moving Average is calculated to be -17.29%.
Shares Statistics:
OVV traded an average of 3.68M shares per day over the past three months and 3331600 shares per day over the past ten days. A total of 260.40M shares are outstanding, with a floating share count of 258.98M. Insiders hold about 0.52% of the company’s shares, while institutions hold 85.55% stake in the company. Shares short for OVV as of 1743379200 were 8586339 with a Short Ratio of 2.34, compared to 1740700800 on 7109162. Therefore, it implies a Short% of Shares Outstanding of 8586339 and a Short% of Float of 3.7199999999999998.
Dividends & Splits
With its trailing 12-month dividend rate of 1.2, OVV has a forward annual dividend rate of 1.20. Against a Trailing Annual Dividend Yield of 0.035661217The stock’s 5-year Average Dividend Yield is 2.34. The current Payout Ratio is 28.52% for OVV, which recently paid a dividend on 2025-03-14 with an ex-dividend date of 1741910400. Stock splits for the company last occurred on 2020-01-27 when the company split stock in a 1:5 ratio.
