Ovintiv Inc (NYSE: OVV) is -10.50% lower on its value in year-to-date trading and has touched a low of $29.80 and a high of $48.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OVV stock was last observed hovering at around $39.99 in the last trading session, with the day’s gains setting it 1.44%.
Currently trading at $41.43, the stock is 3.57% and 6.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.74 million and changing 3.60% at the moment leaves the stock 2.83% off its SMA200. OVV registered 2.30% gain for a year compared to 6-month loss of -9.44%. The firm has a 50-day simple moving average (SMA 50) of $38.9832 and a 200-day simple moving average (SMA200) of $40.2895.
The stock witnessed a 9.03% gain in the last 1 month and extending the period to 3 months gives it a 19.98%, and is 3.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.59% over the week and 2.83% over the month.
Ovintiv Inc (OVV) has around 1623 employees, a market worth around $10.65B and $9.04B in sales. Current P/E ratio is 18.33 and Fwd P/E is 7.02. Profit margin for the company is 6.58%. Distance from 52-week low is 39.03% and -14.31% from its 52-week high. The company has generated returns on investments over the last 12 months (3.74%).
with sales reaching $2.01B over the same period.The EPS is expected to shrink by -30.23% this year, but quarterly earnings will post -1.62% year-over-year. Quarterly sales are estimated to shrink -13.58% in year-over-year returns.
Ovintiv Inc (OVV) Top Institutional Holders
779.0 institutions hold shares in Ovintiv Inc (OVV), with institutional investors hold 91.01% of the company’s shares. The shares outstanding are 257.00M, and float is at 255.77M with Short Float at 2.36%. Institutions hold 90.55% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 29.97 million shares valued at $1.4 billion. The investor’s holdings represent 11.2577% of the OVV Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 28.03 million shares valued at $1.31 billion to account for 10.53 of the shares outstanding. The other top investors are FMR LLC which holds 22.07 million shares representing 8.2915% and valued at over $1.03 billion, while STATE STREET CORP holds 3.9946 of the shares totaling 10.63 million with a market value of $498.4 million.
Ovintiv Inc (OVV) Insider Activity
The most recent transaction is an insider sold by NANCE STEVEN W, the company’s Director. SEC filings show that NANCE STEVEN W sold 5,501 shares of the company’s common stock on Jun 04 ’25 at a price of $38.18 per share for a total of $0.21 million. Following the sold, the insider now owns 36632.0 shares.
