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.
Ovintiv Inc (NYSE: OVV) closed the day trading at $41.35 up 0.36% from the previous closing price of $41.20. In other words, the price has increased by $0.36 from its previous closing price. On the day, 2.64 million shares were traded. OVV stock price reached its highest trading level at $42.08 during the session, while it also had its lowest trading level at $41.22.
Ratios:
For a better understanding of OVV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1154.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.37. 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.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 10764396544 and an Enterprise Value of 17530417152. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.49, and their Forward P/E ratio for the next fiscal year is 8.94. 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 1.01. Its current Enterprise Value per Revenue stands at 1.833 whereas that against EBITDA is 3.45.
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 -2.08%, while the 200-Day Moving Average is calculated to be -10.24%.
Shares Statistics:
Over the past 3-months, OVV traded about 3.34M shares per day on average, while over the past 10 days, OVV traded about 2708460 shares per day. A total of 260.40M shares are outstanding, with a floating share count of 259.11M. Insiders hold about 0.47% of the company’s shares, while institutions hold 82.61% stake in the company. Shares short for OVV as of 1731628800 were 4278795 with a Short Ratio of 1.28, compared to 1728950400 on 4808916. Therefore, it implies a Short% of Shares Outstanding of 4278795 and a Short% of Float of 1.8599999999999999.
Dividends & Splits
OVV’s forward annual dividend rate is 1.20, up from 1.2 a year ago. Against a Trailing Annual Dividend Yield of 0.029126214The stock’s 5-year Average Dividend Yield is 2.5.
