A new trading day began on Monday, with Ovintiv Inc (NYSE: OVV) stock price up 1.41% from the previous day of trading, before settling in for the closing price of $42.49. OVV’s price has ranged from $38.99 to $55.95 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 21.36%. Meanwhile, its annual earnings per share averaged -12.18%. With a float of $262.40 million, this company’s outstanding shares have now reached $271.70 million.
Let’s determine the extent of company efficiency that accounts for 1743 employees.
Ovintiv Inc (OVV) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Ovintiv Inc is 0.46%, while institutional ownership is 83.12%. The most recent insider transaction that took place on May 31 ’24, was worth 204,560. In this transaction Director of this company sold 4,000 shares at a rate of $51.14, taking the stock ownership to the 45,279 shares. Before that another transaction happened on May 14 ’24, when Company’s Director bought 1,600 for $49.50, making the entire transaction worth $79,200. This insider now owns 1,600 shares in total.
Ovintiv Inc (OVV) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -12.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to 7.25% growth over the previous five years of trading.
Ovintiv Inc (NYSE: OVV) Trading Performance Indicators
Here are Ovintiv Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 9.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.09, a number that is poised to hit 1.60 in the next quarter and is forecasted to reach 7.19 in one year’s time.
Technical Analysis of Ovintiv Inc (OVV)
Looking closely at Ovintiv Inc (NYSE: OVV), its last 5-days average volume was 2.84 million, which is a drop from its year-to-date volume of 3.06 million. As of the previous 9 days, the stock’s Stochastic %D was 39.49%. Additionally, its Average True Range was 1.44.
During the past 100 days, Ovintiv Inc’s (OVV) raw stochastic average was set at 24.17%, which indicates a significant decrease from 43.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.26% in the past 14 days, which was higher than the 27.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.34, while its 200-day Moving Average is $46.87. However, in the short run, Ovintiv Inc’s stock first resistance to watch stands at $43.43. Second resistance stands at $43.76. The third major resistance level sits at $44.11. If the price goes on to break the first support level at $42.75, it is likely to go to the next support level at $42.40. Now, if the price goes above the second support level, the third support stands at $42.07.
Ovintiv Inc (NYSE: OVV) Key Stats
With a market capitalization of 11.36 billion, the company has a total of 266,981K Shares Outstanding. Currently, annual sales are 10,883 M while annual income is 2,085 M. The company’s previous quarter sales were 2,288 M while its latest quarter income was 340,000 K.
