Ovintiv Inc (OVV) concluded trading on Thursday at a closing price of $54.86, with 2.72 million shares of worth about $149.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.79% during that period and on April 11, 2024 the price saw a loss of about -1.19%. Currently the company’s common shares owned by public are about 271.70M shares, out of which, 252.90M shares are available for trading.
However, the stock later moved at a day high price of 50.78, or with a loss of -1.19%. Stock saw a price change of 0.70% in past 5 days and over the past one month there was a price change of 7.82%. Year-to-date (YTD), OVV shares are showing a performance of 24.91% which increased to 39.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.07 but also hit the highest price of $55.95 during that period. The average intraday trading volume for Ovintiv Inc shares is 3.15 million. The stock is currently trading 4.53% above its 20-day simple moving average (SMA20), while that difference is up 13.67% for SMA50 and it goes to 20.24% higher than SMA200.
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Ovintiv Inc (NYSE: OVV) currently have 271.70M outstanding shares and institutions hold larger chunk of about 79.49% of that.
The stock has a current market capitalization of $14.75B and its 3Y-monthly beta is at 2.67. PE ratio of stock for trailing 12 months is 6.96, while it has posted earnings per share of $7.88 in the same period. Its PEG reads 0.53 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 0.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OVV, volatility over the week remained 1.98% while standing at 1.72% over the month.
Stock’s fiscal year EPS is expected to drop by -8.99% while it is estimated to increase by 17.09% in next year. EPS is likely to grow at an annualized rate of 13.10% for next 5-years, compared to annual growth of 7.25% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on April 10, 2024 offering an Overweight rating for the stock and assigned a target price of $69 to it. Coverage by JP Morgan stated Ovintiv Inc (OVV) stock as an Overweight in their note to investors on December 06, 2023, suggesting a price target of $58 for the stock. On November 22, 2023, Citigroup Upgrade their recommendations, while on July 18, 2023, Morgan Stanley Resumed their ratings for the stock with a price target of $44. Stock get a Neutral rating from Goldman on July 12, 2023.
