A share price of Ovintiv Inc [OVV] is currently trading at $40.53, up 4.70%. 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 5.14% over the last week, with a monthly amount drifted -5.13%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ovintiv Inc [NYSE: OVV] stock has seen the most recent analyst activity on January 13, 2025, when BofA Securities upgraded its rating to a Buy and also revised its price target to $54 from $55. On June 14, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $60 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $69 on April 10, 2024. JP Morgan upgraded its rating to a Overweight and reduced its price target to $58 on December 06, 2023. Citigroup upgraded its rating to Buy for this stock on November 22, 2023, and upped its price target to $52.
Ovintiv Inc experienced fluctuations in its stock price throughout the past year between $36.62 and $55.95. Currently, Wall Street analysts expect the stock to reach $54.2 within the next 12 months. Ovintiv Inc [NYSE: OVV] shares were valued at $40.53 at the most recent close of the market. An investor can expect a potential return of 33.73% based on the average OVV price forecast.
Analyzing the OVV fundamentals
Trailing Twelve Months sales for Ovintiv Inc [NYSE:OVV] were 9.03B which represents -21.90% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
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 39.12 points at the first support level, and at 37.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.25, and for the 2nd resistance point, it is at 41.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ovintiv Inc [NYSE:OVV] is 0.51. As well, the Quick Ratio is 0.51, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 9.65.
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.
