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In the latest session, Ovintiv Inc (NYSE: OVV) closed at $42.70 up 0.23% from its previous closing price of $42.60. In other words, the price has increased by $0.23 from its previous closing price. On the day, 3.61 million shares were traded. OVV stock price reached its highest trading level at $43.17 during the session, while it also had its lowest trading level at $42.275.
Ratios:
For a deeper understanding of Ovintiv Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1407.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.44. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.55.
On June 14, 2024, Evercore ISI Upgraded its rating to Outperform which previously was In-line but kept the price unchanged to $60.
On April 10, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $69.Barclays initiated its Overweight rating on April 10, 2024, with a $69 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 11256061952 and an Enterprise Value of 18240067584. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.03, and their Forward P/E ratio for the next fiscal year is 6.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.771 whereas that against EBITDA is 3.714.
Stock Price History:
Over the past 52 weeks, OVV has reached a high of $55.95, while it has fallen to a 52-week low of $38.99. The 50-Day Moving Average of the stock is -6.53%, while the 200-Day Moving Average is calculated to be -8.61%.
Shares Statistics:
For the past three months, OVV has traded an average of 3.01M shares per day and 2198830 over the past ten days. A total of 271.70M shares are outstanding, with a floating share count of 262.28M. Insiders hold about 0.50% of the company’s shares, while institutions hold 82.22% stake in the company. Shares short for OVV as of 1722384000 were 3295846 with a Short Ratio of 1.10, compared to 1719532800 on 4789858. Therefore, it implies a Short% of Shares Outstanding of 3295846 and a Short% of Float of 1.4099999.
Dividends & Splits
According to the company, the forward annual dividend rate for OVV is 1.20, from 1.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.028169015The stock’s 5-year Average Dividend Yield is 2.42.
