Ovintiv Inc. (NYSE:OVV) has a beta value of 4.82 and has seen 1,676,483 shares traded in the recent trading session. The company, currently valued at $2.47 Billion, closed the recent trade at $9.46 per share which meant it gained $0.1 on the day or 1.49% during that session. The OVV stock price is -203.91% off its 52-week high price of $28.75 and 77.8% above the 52-week low of $2.1. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.05 Million shares traded. The 3-month trading volume is 10.33 Million shares.
Ovintiv Inc. (NYSE:OVV) trade information
Sporting 0.64% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the OVV stock price touched $10.27- or saw a rise of 9.64%. Year-to-date, Ovintiv Inc. shares have moved -60.43%, while the 5-day performance has seen it change -10.6%. Over the past 30 days, the shares of Ovintiv Inc. (NYSE:OVV) have changed 20.68%. Short interest in the company has seen 24.73 Million shares shorted with days to cover at 2.39.
Ovintiv Inc. (OVV) estimates and forecasts
Figures show that Ovintiv Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -59.35% over the past 6 months, with this year growth rate of -78.12%, compared to -1.6% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -134.3% and -148% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.4%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -47.7% over the past 5 years. Earnings growth for 2020 is a modest -83.9% while over the next 5 years, the company’s earnings are expected to increase by -11.18%.
Ovintiv Inc. is expected to release its next earnings report in July, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.38 at a share yield of 4.24%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.98%.