On Monday, Ovintiv Inc (NYSE: OVV) was -2.18% down from the session before settling in for the closing price of $53.74. A 52-week range for OVV has been $32.07 – $55.95.
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Annual sales at Energy sector company grew by 21.36% over the past five years. When this article was written, the company’s average yearly earnings per share was at -8.08%. With a float of $252.90 million, this company’s outstanding shares have now reached $271.70 million.
Let’s look at the performance matrix of the company that is accounted for 1743 employees.
Ovintiv Inc (OVV) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ovintiv Inc stocks. The insider ownership of Ovintiv Inc is 5.97%, while institutional ownership is 79.46%. The most recent insider transaction that took place on Mar 14 ’24, was worth 3,886,413. In this transaction EVP, Midstream, Mrktg & Fndmtl of this company sold 76,264 shares at a rate of $50.96, taking the stock ownership to the 23,672 shares. Before that another transaction happened on Mar 01 ’24, when Company’s EVP, Corporate Services sold 9,300 for $50.65, making the entire transaction worth $471,045. This insider now owns 52,557 shares in total.
Ovintiv Inc (OVV) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -8.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.10% during the next five years compared to 7.25% growth over the previous five years of trading.
Ovintiv Inc (NYSE: OVV) Trading Performance Indicators
You can see what Ovintiv Inc (OVV) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.32. Likewise, its price to free cash flow for the trailing twelve months is 10.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.88, a number that is poised to hit 1.44 in the next quarter and is forecasted to reach 7.37 in one year’s time.
Technical Analysis of Ovintiv Inc (OVV)
Ovintiv Inc (NYSE: OVV) saw its 5-day average volume 3.22 million, a positive change from its year-to-date volume of 3.2 million. As of the previous 9 days, the stock’s Stochastic %D was 44.65%. Additionally, its Average True Range was 1.16.
During the past 100 days, Ovintiv Inc’s (OVV) raw stochastic average was set at 79.23%, which indicates a significant increase from 32.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.25% in the past 14 days, which was lower than the 25.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $48.92, while its 200-day Moving Average is $45.89. Nevertheless, the first resistance level for the watch stands at $53.81 in the near term. At $55.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $55.89. If the price goes on to break the first support level at $51.74, it is likely to go to the next support level at $50.91. Assuming the price breaks the second support level, the third support level stands at $49.66.
Ovintiv Inc (NYSE: OVV) Key Stats
There are 268,954K outstanding shares of the company, which has a market capitalization of 14.14 billion. As of now, sales total 10,883 M while income totals 2,085 M. Its latest quarter income was 3,166 M while its last quarter net income were 856,000 K.
