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After finishing at $45.42 in the prior trading day, Ovintiv Inc (NYSE: OVV) closed at $44.24, down -2.60%. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 2.36 million shares were traded. OVV stock price reached its highest trading level at $45.8 during the session, while it also had its lowest trading level at $44.075.
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 1277.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.04. 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 11516734464 and an Enterprise Value of 18282754048. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.87, and their Forward P/E ratio for the next fiscal year is 9.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 1.912 whereas that against EBITDA is 3.598.
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 5.56%, while the 200-Day Moving Average is calculated to be -4.13%.
Shares Statistics:
The stock has traded on average 3.36M shares per day over the past 3-months and 2993570 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 259.11M. Insiders hold about 0.47% of the company’s shares, while institutions hold 82.57% 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
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 0.026420081The stock’s 5-year Average Dividend Yield is 2.5.
