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The price of Ovintiv Inc (NYSE: OVV) closed at $32.94 in the last session, down -15.65% from day before closing price of $39.05. In other words, the price has decreased by -$15.65 from its previous closing price. On the day, 8.05 million shares were traded. OVV stock price reached its highest trading level at $37.025 during the session, while it also had its lowest trading level at $32.64.
Ratios:
We take a closer look at OVV’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 204.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.17. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 8575072256 and an Enterprise Value of 14783087616. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.84, and their Forward P/E ratio for the next fiscal year is 5.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 1.653 whereas that against EBITDA is 3.384.
Stock Price History:
The Beta on a monthly basis for OVV is 1.14, which has changed by -0.40487802 over the last 52 weeks, in comparison to a change of -0.024663687 over the same period for the S&P500. Over the past 52 weeks, OVV has reached a high of $55.95, while it has fallen to a 52-week low of $36.62. The 50-Day Moving Average of the stock is -21.78%, while the 200-Day Moving Average is calculated to be -22.73%.
Shares Statistics:
According to the various share statistics, OVV traded on average about 3.31M shares per day over the past 3-months and 3745920 shares per day over the past 10 days. A total of 260.40M shares are outstanding, with a floating share count of 258.96M. Insiders hold about 0.52% of the company’s shares, while institutions hold 85.32% stake in the company. Shares short for OVV as of 1741910400 were 10033105 with a Short Ratio of 3.03, compared to 1739491200 on 6905964. Therefore, it implies a Short% of Shares Outstanding of 10033105 and a Short% of Float of 4.35.
Dividends & Splits
The forward annual dividend rate for OVV is 1.20, which was 1.2 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.030729836The 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.
Earnings Estimates
The stock of Ovintiv Inc (OVV) is currently drawing attention from 16.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $1.32, with high estimates of $1.61 and low estimates of $1.02.
Analysts are recommending an EPS of between $6.93 and $4.98 for the fiscal current year, implying an average EPS of $5.88. EPS for the following year is $6.23, with 18.0 analysts recommending between $8.7 and $5.13.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $2.23B. It ranges from a high estimate of $2.44B to a low estimate of $1.94B. As of the current estimate, Ovintiv Inc’s year-ago sales were $2.35BFor the next quarter, 5 analysts are estimating revenue of $2.16B. There is a high estimate of $2.52B for the next quarter, whereas the lowest estimate is $1.85B.
A total of 9 analysts have provided revenue estimates for OVV’s current fiscal year. The highest revenue estimate was $10.4B, while the lowest revenue estimate was $7.69B, resulting in an average revenue estimate of $9.09B. In the same quarter a year ago, actual revenue was $9.15BBased on 9 analysts’ estimates, the company’s revenue will be $9.43B in the next fiscal year. The high estimate is $11.42B and the low estimate is $7.56B.
