Ovintiv Inc (NYSE: OVV) on Friday, plunged -1.94% from the previous trading day, before settling in for the closing price of $36.53. Within the past 52 weeks, OVV’s price has moved between $29.80 and $51.72.
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During the last 5-year period, the sales growth of Energy Sector giant was 4.93%. The company achieved an average annual earnings per share of -28.58%. With a float of $258.53 million, this company’s outstanding shares have now reached $261.10 million.
Let’s determine the extent of company efficiency that accounts for 1623 employees. In terms of profitability, gross margin is 48.6%, operating margin of 10.12%, and the pretax margin is 8.02%.
Ovintiv Inc (OVV) Insider Activity
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Ovintiv Inc is 0.49%, while institutional ownership is 89.77%.
Ovintiv Inc (OVV) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -28.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.58% during the next five years compared to 36.26% growth over the previous five years of trading.
Ovintiv Inc (NYSE: OVV) Trading Performance Indicators
Ovintiv Inc (OVV) is currently performing well based on its current performance indicators. A quick ratio of 0.43 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.03. Likewise, its price to free cash flow for the trailing twelve months is 5.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.35, a number that is poised to hit 1.04 in the next quarter and is forecasted to reach 5.54 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 7.53 million, which is a jump from its year-to-date volume of 3.66 million. As of the previous 9 days, the stock’s Stochastic %D was 46.44%. Additionally, its Average True Range was 1.34.
During the past 100 days, Ovintiv Inc’s (OVV) raw stochastic average was set at 36.37%, which indicates a significant increase from 19.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.15% in the past 14 days, which was lower than the 59.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.66, while its 200-day Moving Average is $40.57. However, in the short run, Ovintiv Inc’s stock first resistance to watch stands at $36.40. Second resistance stands at $36.98. The third major resistance level sits at $37.42. If the price goes on to break the first support level at $35.38, it is likely to go to the next support level at $34.94. Should the price break the second support level, the third support level stands at $34.36.
Ovintiv Inc (NYSE: OVV) Key Stats
Market capitalization of the company is 9.31 billion based on 259,815K outstanding shares. Right now, sales total 9,152 M and income totals 1,125 M. The company made 2,377 M in profit during its latest quarter, and -159,000 K in sales during its previous quarter.
