Ovintiv Inc (OVV) concluded trading on Thursday at a closing price of $43.17, with 5.11 million shares of worth about $220.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.77% during that period and on February 27, 2025 the price saw a gain of about 3.03%. Currently the company’s common shares owned by public are about 260.40M shares, out of which, 259.07M shares are available for trading.
Stock saw a price change of -5.20% in past 5 days and over the past one month there was a price change of -1.57%. Year-to-date (YTD), OVV shares are showing a performance of 6.59% which decreased to -6.09% 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 2.63 million. The stock is currently trading -0.71% below its 20-day simple moving average (SMA20), while that difference is up 1.36% for SMA50 and it goes to -1.13% lower than SMA200.
Ovintiv Inc (NYSE: OVV) currently have 260.40M outstanding shares and institutions hold larger chunk of about 85.16% of that.
The stock has a current market capitalization of $11.24B and its 3Y-monthly beta is at 2.58. PE ratio of stock for trailing 12 months is 5.73, while it has posted earnings per share of $7.54 in the same period. Its PEG reads 2.11 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 4.15% while standing at 3.38% over the month.
Stock’s fiscal year EPS is expected to drop by -23.02% while it is estimated to increase by 29.28% in next year. EPS is likely to shrink at an annualized rate of 2.71% 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 BofA Securities on January 13, 2025 offering a Buy rating for the stock and assigned a target price range of between $55 and $54 to it. Coverage by Wolfe Research stated Ovintiv Inc (OVV) stock as an Outperform in their note to investors on July 18, 2024, suggesting a price target of $65 for the stock. On June 14, 2024, Evercore ISI Upgrade their recommendations, while on April 10, 2024, Barclays Initiated their ratings for the stock with a price target of $69. Stock get an Overweight rating from JP Morgan on December 06, 2023.
