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The closing price of Ovintiv Inc (NYSE: OVV) was $41.90 for the day, down -0.95% from the previous closing price of $42.30. In other words, the price has decreased by -$0.95 from its previous closing price. On the day, 3.73 million shares were traded.
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 1211.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.52. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on January 13, 2025, Upgraded its rating to Buy and sets its target price to $54 from $55 previously.
Evercore ISI Upgraded its In-line to Outperform on June 14, 2024, while the target price for the stock was maintained at $60.
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:
As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.56, and their Forward P/E ratio for the next fiscal year is 6.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 1.02.
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 $36.90. The 50-Day Moving Average of the stock is -1.53%, while the 200-Day Moving Average is calculated to be -4.13%.
Shares Statistics:
A total of 260.40M shares are outstanding, with a floating share count of 259.07M. Insiders hold about 0.48% of the company’s shares, while institutions hold 85.16% stake in the company.
