Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Ovintiv Inc (NYSE: OVV) closed at $36.94 down -0.35% from its previous closing price of $37.07. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 2.86 million shares were traded. OVV stock price reached its highest trading level at $37.4 during the session, while it also had its lowest trading level at $36.64.
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 1199.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.43. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.55.
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:
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.
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 9597565952 and an Enterprise Value of 16346566656. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.74, and their Forward P/E ratio for the next fiscal year is 6.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.39. 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 0.96. Its current Enterprise Value per Revenue stands at 1.83 whereas that against EBITDA is 3.645.
Stock Price History:
The Beta on a monthly basis for OVV is 1.11, which has changed by -0.24178982 over the last 52 weeks, in comparison to a change of 0.11936104 over the same period for the S&P500. Over the past 52 weeks, OVV has reached a high of $51.72, while it has fallen to a 52-week low of $29.80. The 50-Day Moving Average of the stock is -0.83%, while the 200-Day Moving Average is calculated to be -9.38%.
Shares Statistics:
For the past three months, OVV has traded an average of 4.02M shares per day and 3743010 over the past ten days. A total of 261.10M shares are outstanding, with a floating share count of 258.48M. Insiders hold about 0.51% of the company’s shares, while institutions hold 89.68% stake in the company. Shares short for OVV as of 1745971200 were 8922991 with a Short Ratio of 2.22, compared to 1743379200 on 8586339. Therefore, it implies a Short% of Shares Outstanding of 8922991 and a Short% of Float of 4.5.
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 0.03237119The stock’s 5-year Average Dividend Yield is 2.3. The current Payout Ratio is 28.52% for OVV, which recently paid a dividend on 2025-03-14 with an ex-dividend date of 1749772800. Stock splits for the company last occurred on 2020-01-27 when the company split stock in a 1:5 ratio.
