A share price of Ovintiv Inc [OVV] is currently trading at $45.85, up 0.46%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OVV shares have lost -4.08% over the last week, with a monthly amount drifted -1.76%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Evercore ISI upgraded its rating to Outperform on June 14, 2024, and kept the price target unchanged to $60. On April 10, 2024, Barclays initiated with a Overweight rating and assigned a price target of $69 on the stock. JP Morgan upgraded its rating to a Overweight and decreased its price target to $58 on December 06, 2023. Citigroup upgraded its rating to a Buy and raised its price target to $52 on November 22, 2023.
Ovintiv Inc experienced fluctuations in its stock price throughout the past year between $39.68 and $55.95. Currently, Wall Street analysts expect the stock to reach $57.8 within the next 12 months. Ovintiv Inc [NYSE: OVV] shares were valued at $45.85 at the most recent close of the market. An investor can expect a potential return of 26.06% based on the average OVV price forecast.
Analyzing the OVV fundamentals
Trailing Twelve Months sales for Ovintiv Inc [NYSE:OVV] were 10.62B which represents -3.95% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 45.52 points at the first support level, and at 45.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.22, and for the 2nd resistance point, it is at 46.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ovintiv Inc [NYSE:OVV] is 0.52. Further, the Quick Ratio stands at 0.52, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 6.40.
Transactions by insiders
Recent insider trading involved Mayson Howard John, Director, that happened on May 31 ’24 when 4000.0 shares were sold. Director, Chhina Sippy completed a deal on May 14 ’24 to buy 1600.0 shares. Meanwhile, Director NANCE STEVEN W sold 12000.0 shares on May 13 ’24.
