Ovintiv Inc (OVV) concluded trading on Wednesday at a closing price of $45.74, with 3.69 million shares of worth about $168.91 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.12% during that period and on November 20, 2024 the price saw a gain of about 2.56%. Currently the company’s common shares owned by public are about 271.70M shares, out of which, 259.11M shares are available for trading.
Stock saw a price change of 8.36% in past 5 days and over the past one month there was a price change of 13.16%. Year-to-date (YTD), OVV shares are showing a performance of 4.14% which increased to 1.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.90 but also hit the highest price of $55.95 during that period. The average intraday trading volume for Ovintiv Inc shares is 3.25 million. The stock is currently trading 9.84% above its 20-day simple moving average (SMA20), while that difference is up 11.39% for SMA50 and it goes to -0.62% lower than SMA200.
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Ovintiv Inc (NYSE: OVV) currently have 271.70M outstanding shares and institutions hold larger chunk of about 82.58% of that.
The stock has a current market capitalization of $11.91B and its 3Y-monthly beta is at 2.66. PE ratio of stock for trailing 12 months is 6.07, while it has posted earnings per share of $7.54 in the same period. Its PEG reads 0.49 and has Quick Ratio of 0.52 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 3.16% while standing at 2.71% over the month.
Stock’s fiscal year EPS is expected to drop by -22.83% while it is estimated to decrease by -16.71% in next year. EPS is likely to grow at an annualized rate of 12.48% 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 Wolfe Research on July 18, 2024 offering an Outperform rating for the stock and assigned a target price of $65 to it. Coverage by Evercore ISI stated Ovintiv Inc (OVV) stock as an Outperform in their note to investors on June 14, 2024, suggesting a price target of $60 for the stock. On April 10, 2024, Barclays Initiated their recommendations, while on December 06, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $58. Stock get a Buy rating from Citigroup on November 22, 2023.
