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After finishing at $38.77 in the prior trading day, Ovintiv Inc (NYSE: OVV) closed at $38.81, up 0.10%. In other words, the price has increased by $0.10 from its previous closing price. On the day, 1.89 million shares were traded. OVV stock price reached its highest trading level at $39.42 during the session, while it also had its lowest trading level at $38.7.
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 1278.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.38. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.44. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.55.
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 10230627328 and an Enterprise Value of 17214631936. As of this moment, Ovintiv’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.48, and their Forward P/E ratio for the next fiscal year is 5.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 1.672 whereas that against EBITDA is 3.505.
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 $37.81. The 50-Day Moving Average of the stock is -11.79%, while the 200-Day Moving Average is calculated to be -16.38%.
Shares Statistics:
The stock has traded on average 3.07M shares per day over the past 3-months and 3309080 shares per day over the last 10 days, according to various share statistics. A total of 271.70M shares are outstanding, with a floating share count of 262.38M. Insiders hold about 0.46% of the company’s shares, while institutions hold 82.05% stake in the company. Shares short for OVV as of 1724976000 were 6024065 with a Short Ratio of 1.97, compared to 1722384000 on 3295846. Therefore, it implies a Short% of Shares Outstanding of 6024065 and a Short% of Float of 2.5799999000000002.
Dividends & Splits
In the trailing 12 months, OVV’s forward annual dividend rate was 1.2, compared to 1.50 this year. Against a Trailing Annual Dividend Yield of 0.031193137The stock’s 5-year Average Dividend Yield is 2.44.
