Currently, there are 260.40M common shares owned by the public and among those 258.96M shares have been available to trade.
The company’s stock has a 5-day price change of 2.29% and 6.36% over the past three months. OVV shares are trading 2.37% year to date (YTD), with the 12-month market performance down to -18.75% lower. It has a 12-month low price of $36.62 and touched a high of $55.95 over the same period. OVV has an average intraday trading volume of 2.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.22%, -2.94%, and -3.37% respectively.
Institutional ownership of Ovintiv Inc (NYSE: OVV) shares accounts for 85.24% of the company’s 260.40M shares outstanding.
It has a market capitalization of $10.79B and a beta (3y monthly) value of 2.08. The stock’s trailing 12-month PE ratio is 9.87, while the earnings-per-share (ttm) stands at $4.20. The company has a PEG of 1.53 and a Quick Ratio of 0.51 with the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.07% over the week and 4.32% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.60%, and 29.22% over the next financial year. EPS should shrink at an annualized rate of 6.45% over the next five years, compared to 36.26% over the past 5-year period.
Looking at the support for the OVV, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on January 13, 2025, with the firm’s price target at $55-$54. Wolfe Research coverage for the Ovintiv Inc (OVV) stock in a research note released on July 18, 2024 offered a Outperform rating with a price target of $65. Evercore ISI was of a view on June 14, 2024 that the stock is Outperform, while Barclays gave the stock Overweight rating on April 10, 2024, issuing a price target of $69. JP Morgan on their part issued Overweight rating on December 06, 2023.
