Ovintiv Inc (NYSE: OVV) is -18.14% 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 $39.32 in the last trading session, with the day’s gains setting it 0.7%.
Currently trading at $40.02, the stock is 0.31% and 3.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.35 million and changing 1.78% at the moment leaves the stock -0.74% off its SMA200. OVV registered -1.19% loss for a year compared to 6-month loss of -11.03%. The firm has a 50-day simple moving average (SMA 50) of $38.239 and a 200-day simple moving average (SMA200) of $40.30135.
The stock witnessed a -3.33% gain in the last 1 month and extending the period to 3 months gives it a 24.29%, and is -2.18% down 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 2.97% over the week and 3.05% over the month.
Ovintiv Inc (OVV) has around 1623 employees, a market worth around $10.40B and $9.01B in sales. Current P/E ratio is 17.05 and Fwd P/E is 7.11. Profit margin for the company is 6.97%. Distance from 52-week low is 34.30% and -19.26% from its 52-week high. The company has generated returns on investments over the last 12 months (4.03%).
with sales reaching $1.93B over the same period.The EPS is expected to shrink by -33.28% this year, but quarterly earnings will post -5.62% year-over-year. Quarterly sales are estimated to shrink -15.76% in year-over-year returns.
805.0 institutions hold shares in Ovintiv Inc (OVV), with institutional investors hold 91.28% of the company’s shares. The shares outstanding are 261.10M, and float is at 258.54M with Short Float at 2.66%. Institutions hold 90.83% 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.
