Currently, there are 260.40M common shares owned by the public and among those 258.98M shares have been available to trade.
The company’s stock has a 5-day price change of 0.26% and -20.73% over the past three months. OVV shares are trading -14.44% year to date (YTD), with the 12-month market performance down to -32.15% lower. It has a 12-month low price of $29.80 and touched a high of $52.90 over the same period. OVV has an average intraday trading volume of 3.75 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 2.79%, -8.52%, and -15.92% respectively.
Institutional ownership of Ovintiv Inc (NYSE: OVV) shares accounts for 84.81% of the company’s 260.40M shares outstanding.
It has a market capitalization of $9.02B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 8.25, while the earnings-per-share (ttm) stands at $4.20. The company has a PEG of 1.21 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 3.63% over the week and 5.84% over the month.
Earnings per share for the fiscal year are expected to decrease by -27.13%, and 27.56% over the next financial year. EPS should shrink at an annualized rate of 6.82% 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. Morgan Stanley stated their Overweight rating for the stock in a research note on March 26, 2025, with the firm’s price target at $57. BMO Capital Markets coverage for the Ovintiv Inc (OVV) stock in a research note released on March 24, 2025 offered a Outperform rating with a price target of $57. BofA Securities was of a view on January 13, 2025 that the stock is Buy, while Wolfe Research gave the stock Outperform rating on July 18, 2024, issuing a price target of $65. Evercore ISI on their part issued Outperform rating on June 14, 2024.
