Ovintiv Inc (OVV) concluded trading on Wednesday at a closing price of $42.36, with 3.22 million shares of worth about $136.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.17% during that period and on Wednesday the price saw a gain of about 3.95%. Currently the company’s common shares owned by public are about 260.40M shares, out of which, 258.96M shares are available for trading.
Stock saw a price change of 6.57% in past 5 days and over the past one month there was a price change of -4.68%. Year-to-date (YTD), OVV shares are showing a performance of 4.59% which decreased to -16.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.62 but also hit the highest price of $55.95 during that period. The average intraday trading volume for Ovintiv Inc shares is 2.91 million. The stock is currently trading 3.76% above its 20-day simple moving average (SMA20), while that difference is down -0.82% for SMA50 and it goes to -1.47% lower than SMA200.
Ovintiv Inc (NYSE: OVV) currently have 260.40M outstanding shares and institutions hold larger chunk of about 85.24% of that.
The stock has a current market capitalization of $11.03B and its 3Y-monthly beta is at 2.08. PE ratio of stock for trailing 12 months is 10.09, while it has posted earnings per share of $4.20 in the same period. Its PEG reads 1.56 and has Quick Ratio of 0.51 while making debt-to-equity ratio of 0.61. 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 4.24% while standing at 4.33% over the month.
Stock’s fiscal year EPS is expected to drop by -9.32% while it is estimated to increase by 29.23% in next year. EPS is likely to shrink at an annualized rate of 6.45% for next 5-years, compared to annual growth of 36.26% 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.
