Ovintiv Inc (OVV) concluded trading on Thursday at a closing price of $41.30, with 2.72 million shares of worth about $112.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.81% during that period and on December 12, 2024 the price saw a loss of about -2.25%. Currently the company’s common shares owned by public are about 260.40M shares, out of which, 259.10M shares are available for trading.
Stock saw a price change of -3.21% in past 5 days and over the past one month there was a price change of -1.60%. Year-to-date (YTD), OVV shares are showing a performance of -5.97% which increased to 1.15% 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 3.31 million. The stock is currently trading -6.22% below its 20-day simple moving average (SMA20), while that difference is down -2.43% for SMA50 and it goes to -10.20% lower than SMA200.
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Ovintiv Inc (NYSE: OVV) currently have 260.40M outstanding shares and institutions hold larger chunk of about 82.62% of that.
The stock has a current market capitalization of $10.75B and its 3Y-monthly beta is at 2.64. PE ratio of stock for trailing 12 months is 5.48, while it has posted earnings per share of $7.54 in the same period. It 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 2.88% while standing at 2.81% over the month.
Stock’s fiscal year EPS is expected to drop by -22.59% while it is estimated to decrease by -13.20% in next year. EPS is likely to shrink at an annualized rate of -1.82% 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.
