At the time of writing, Ovintiv Inc [OVV] stock is trading at $38.76, up 1.65%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OVV shares have lost -0.56% over the last week, with a monthly amount drifted -17.02%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Ovintiv Inc fluctuated between $36.90 and $55.95. Currently, Wall Street analysts expect the stock to reach $53.6 within the next 12 months. Ovintiv Inc [NYSE: OVV] shares were valued at $38.76 at the most recent close of the market. An investor can expect a potential return of 38.29% based on the average OVV price forecast.
Analyzing the OVV fundamentals
According to Ovintiv Inc [NYSE:OVV], the company’s sales were 9.74B for trailing twelve months, which represents an -25.08% plunge. Gross Profit Margin for this corporation currently stands at 0.38% 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 of0.55.
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 38.19 points at the first support level, and at 37.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.05, and for the 2nd resistance point, it is at 39.33.
Ratios To Look Out For
It is important to note that Ovintiv Inc [NYSE:OVV] has a current ratio of 0.52. Also, the Quick Ratio is 0.52, while the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 5.14.
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.
