Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $32.20 in the prior trading day, Ovintiv Inc (NYSE: OVV) closed at $33.10, up 2.80%. In other words, the price has increased by $2.80 from its previous closing price. On the day, 3.33 million shares were traded. OVV stock price reached its highest trading level at $33.67 during the session, while it also had its lowest trading level at $32.48.
Ratios:
Our goal is to gain a better understanding of OVV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 205.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.20. 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:
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 8616724480 and an Enterprise Value of 14824739840. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.88, and their Forward P/E ratio for the next fiscal year is 5.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.95. 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 1.658 whereas that against EBITDA is 3.393.
Stock Price History:
The Beta on a monthly basis for OVV is 1.20, which has changed by -0.35765576 over the last 52 weeks, in comparison to a change of 0.05279863 over the same period for the S&P500. Over the past 52 weeks, OVV has reached a high of $53.57, while it has fallen to a 52-week low of $29.80. The 50-Day Moving Average of the stock is -18.04%, while the 200-Day Moving Average is calculated to be -21.34%.
Shares Statistics:
The stock has traded on average 3.64M shares per day over the past 3-months and 5341260 shares per day over the last 10 days, according to various share statistics. A total of 260.40M shares are outstanding, with a floating share count of 258.98M. Insiders hold about 0.52% of the company’s shares, while institutions hold 85.34% stake in the company. Shares short for OVV as of 1743379200 were 8586339 with a Short Ratio of 2.36, compared to 1740700800 on 7109162. Therefore, it implies a Short% of Shares Outstanding of 8586339 and a Short% of Float of 3.7199999999999998.
Dividends & Splits
In the trailing 12 months, OVV’s forward annual dividend rate was 1.2, compared to 1.20 this year. Against a Trailing Annual Dividend Yield of 0.03726708The 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.
