Currently, Ovintiv Inc [OVV] is trading at $44.96, up 2.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OVV shares have gain 5.32% over the last week, with a monthly amount glided 10.22%, and 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.
This stock has fluctuated between a low of $36.90 and a high of $55.95 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $55.88 within the next 12 months. Ovintiv Inc [NYSE: OVV] shares were valued at $44.96 at the most recent close of the market. An investor can expect a potential return of 24.29% based on the average OVV price forecast.
Analyzing the OVV fundamentals
Trailing Twelve Months sales for Ovintiv Inc [NYSE:OVV] were 9.74B which represents -25.08% decline. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.2 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
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 44.43 points at the first support level, and at 43.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.39, and for the 2nd resistance point, it is at 45.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ovintiv Inc [NYSE:OVV] is 0.52. As well, the Quick Ratio is 0.52, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 1.10 and price to earnings (TTM) ratio is 5.96.
Transactions by insiders
Recent insider trading involved Mayson Howard John, Director, that happened on May 31 ’24 when 4000.0 shares were sold. Director, NANCE STEVEN W completed a deal on May 13 ’24 to sell 12000.0 shares. Meanwhile, Director Chhina Sippy bought 1600.0 shares on May 14 ’24.
