Ovintiv Inc [OVV] stock prices are up 2.59% to $43.91 at the moment. 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 0.25% over the last week, with a monthly amount glided 10.69%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, BMO Capital Markets upgraded its rating to Outperform on March 24, 2025, and elevated its price target to $57. On January 13, 2025, upgrade upgraded it’s rating to Buy and revised its price target to $54 on the stock. Evercore ISI upgraded its rating to a Outperform but $60 remained the price target by the analyst firm on June 14, 2024. Barclays started tracking with a Overweight rating for this stock on April 10, 2024, and assigned it a price target of $69. In a note dated December 06, 2023, JP Morgan upgraded an Overweight rating on this stock and revised its target price from $61 to $58.
The stock price of Ovintiv Inc [OVV] has been fluctuating between $36.62 and $55.95 over the past year. Currently, Wall Street analysts expect the stock to reach $55.4 within the next 12 months. Ovintiv Inc [NYSE: OVV] shares were valued at $43.91 at the most recent close of the market. An investor can expect a potential return of 26.17% based on the average OVV price forecast.
Analyzing the OVV fundamentals
The Ovintiv Inc [NYSE:OVV] reported sales of 9.03B for trailing twelve months, representing a drop of -21.90%. 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. 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 42.89 points at the first support level, and at 41.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.53, and for the 2nd resistance point, it is at 45.14.
Ratios To Look Out For
It’s worth pointing out that Ovintiv Inc [NYSE:OVV]’s Current Ratio 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 1.27, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 10.46.
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.
