Ovintiv Inc (NYSE: OVV) is -11.56% lower on its value in year-to-date trading and has touched a low of $29.80 and a high of $51.72 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 $36.53 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $35.82, the stock is -1.60% and -2.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.05 million and changing -1.94% at the moment leaves the stock -11.71% off its SMA200. OVV registered -27.20% loss for a year compared to 6-month loss of -21.70%. The firm has a 50-day simple moving average (SMA 50) of $36.663 and a 200-day simple moving average (SMA200) of $40.5712.
The stock witnessed a 6.67% gain in the last 1 month and extending the period to 3 months gives it a -17.58%, and is 0.42% 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 1.57% over the week and 2.47% over the month.
Ovintiv Inc (OVV) has around 1623 employees, a market worth around $9.31B and $9.01B in sales. Current P/E ratio is 15.26 and Fwd P/E is 6.47. Profit margin for the company is 6.97%. Distance from 52-week low is 20.20% and -30.74% from its 52-week high. The company has generated returns on investments over the last 12 months (4.03%).
The EPS is expected to shrink by -28.58% this year.
Ovintiv Inc (OVV) Top Institutional Holders
801.0 institutions hold shares in Ovintiv Inc (OVV), with institutional investors hold 91.36% of the company’s shares. The shares outstanding are 261.10M, and float is at 258.53M with Short Float at 3.73%. Institutions hold 90.90% 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
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