Ovintiv Inc. (NYSE:OVV) finished Wednesday with an addition of $0.51 to close at $38.51, an upside of 1.34 percent. An average of 3,198,060 shares of common stock have been traded in the last five days. There was a gain of $2.81 in the past week. The last 20 days have seen an average of 3,780,870 shares traded, while the 50-day average volume stands at 3,053,674.
OVV stock has increased by 34.42% in the last month. The company shares reached their 1-month lowest point of $27.52 on 09/21/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $7.93 and a high of $39.70 in 52 weeks. In spite of this, the price is down -3.00% from the 52-week high.
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Ovintiv Inc. (OVV) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, Ovintiv Inc.’s PE ratio has ranged between 236.83 and 0.787. The stock’s beta is 3.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.57, the price-to-book (PB) ratio at 2.56, and the price-to-cash flow ratio at 7.75.
Ovintiv Inc. pays a $0.56 dividend per share annually. It offers a dividend yield of 1.45%. The company’s most recent quarterly dividend payment took place on Sep. 30, and it was $0.14 a share, representing a up of 33.0 from $0.0938 last year. Its dividend has been increased for the last 2 consecutive years with the latest increase dividend $0.0463 reported on Thursday July 29 2021.
Ovintiv Inc. will next go ex-dividend on 13-Dec-2021. The next dividend payment Ovintiv Inc. will make is expected to be $0.14.
The quick ratio of Ovintiv Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.23 and a total debt to equity ratio of 1.46 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 55.00% against a 5-year average of 52.2%. Ovintiv Inc.’s EBITDA margin for the year ending June 29 is 29.19%, while its operating margin for the same period stands at -32.40%. Its gross profit as reported stood at $2.44 billion compared to revenue of $6.09 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ovintiv Inc.’s return on assets was -14.00%, compared to -5.3% over the last five years. In the past year, the return on investment has been -53.20%, and the 5-year average is -5.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been -50.00% and the 5-year average holds at -14.7%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Ovintiv Inc.’s latest quarter earnings to come in at $1.14 per share, but it turned out to be $1.11, a -2.60% surprise. For the quarter, EBITDA amounted to $190.0 million. Shareholders own equity worth $261.08 million.
From a technical analysis perspective, let’s take a brief look at Ovintiv Inc. (OVV) price momentum. RSI 9-day as of the close on 13 October was 81.28%, suggesting the stock is Overbought, with historical volatility in this time frame at 33.45%.
As of today, OVV’s price is $38.08 +7.87% or $2.81 from its 5-day moving average. OVV is currently trading +28.80% higher than its 20-day SMA and +54.97% higher than its 100-day SMA. However, the stock’s current price level is +50.20% above the SMA50 and +177.25% above the SMA200.
The stochastic %K and %D were 85.09% and 88.83%, respectively, and the average true range (ATR) was 1.54. With the 14-day stochastic at 87.59% and the average true range at 1.48, the RSI (14) stands at 77.65%. The stock has reached 1.47 on the 9-day MACD Oscillator while the 14-day reading was at 2.91.
Seaport Global Securities launched coverage on Ovintiv Inc. (NYSE: OVV) in its analyst report released on September 23, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Ovintiv Inc. (OVV) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell OVV, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 19 others rate it as a “buy”.
What is OVV’s price target for the next 12 months?
Analysts predict a range of price targets between $25.00 and $54.00, with a median target of $43.00. Taking a look at these predictions, the average price target given by analysts for Ovintiv Inc. (OVV) stock is $42.33.