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Ovintiv Inc (NYSE: OVV) closed the day trading at $46.72 up 0.43% from the previous closing price of $46.52. In other words, the price has increased by $0.43 from its previous closing price. On the day, 1.75 million shares were traded. OVV stock price reached its highest trading level at $46.8 during the session, while it also had its lowest trading level at $46.1.
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 2494.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.23. 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 0.69 whereas as Long-Term Debt/Eq ratio is at 0.61.
On April 10, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $69.
JP Morgan Upgraded its Neutral to Overweight on December 06, 2023, whereas the target price for the stock was revised from $61 to $58.
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.
Chhina Sippy bought 1,600 shares of OVV for $79,200 on May 14 ’24. The Director now owns 1,600 shares after completing the transaction at $49.50 per share. On May 13 ’24, another insider, NANCE STEVEN W, who serves as the Director of the company, sold 12,000 shares for $50.00 each. As a result, the insider received 600,000 and left with 8,929 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 12473352192 and an Enterprise Value of 19580342272. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.53, and their Forward P/E ratio for the next fiscal year is 6.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 1.873 whereas that against EBITDA is 4.069.
Stock Price History:
The Beta on a monthly basis for OVV is 2.65, which has changed by 0.17180836 over the last 52 weeks, in comparison to a change of 0.2553556 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 $36.27. The 50-Day Moving Average of the stock is -4.69%, while the 200-Day Moving Average is calculated to be -0.96%.
Shares Statistics:
Over the past 3-months, OVV traded about 2.98M shares per day on average, while over the past 10 days, OVV traded about 3157400 shares per day. A total of 271.70M shares are outstanding, with a floating share count of 265.64M. Insiders hold about 0.50% of the company’s shares, while institutions hold 80.95% stake in the company. Shares short for OVV as of 1718323200 were 6919416 with a Short Ratio of 2.33, compared to 1715731200 on 4008290. Therefore, it implies a Short% of Shares Outstanding of 6919416 and a Short% of Float of 2.92.
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 0.025795357The stock’s 5-year Average Dividend Yield is 2.4. The current Payout Ratio is 14.56% for OVV, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2020-01-27 when the company split stock in a 1:5 ratio.
