Ovintiv Inc (NYSE: OVV) is -5.73% lower on its value in year-to-date trading and has touched a low of $29.80 and a high of $49.57 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 $37.06 in the last trading session, with the day’s gains setting it 1.12%.
Currently trading at $38.18, the stock is 2.99% and 5.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 3.02% at the moment leaves the stock -5.56% off its SMA200. OVV registered -19.64% loss for a year compared to 6-month loss of -13.93%. The firm has a 50-day simple moving average (SMA 50) of $36.1182 and a 200-day simple moving average (SMA200) of $40.4286.
The stock witnessed a 12.76% gain in the last 1 month and extending the period to 3 months gives it a -0.96%, and is 6.59% 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 2.64% over the week and 2.30% over the month.
Ovintiv Inc (OVV) has around 1623 employees, a market worth around $9.92B and $9.01B in sales. Current P/E ratio is 16.26 and Fwd P/E is 6.91. Profit margin for the company is 6.97%. Distance from 52-week low is 28.12% and -22.98% 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 91.20% 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 90.74% 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 sale 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 sale, the insider now owns 36632.0 shares.
