In recent trading session, Ovintiv Inc. (NYSE:OVV) saw 0.84 million shares changing hands at last check today with its beta currently measuring 2.99. Company’s recent per share price level of $47.67 trading at -$0.3 or -0.63% at last check today assigns it a market valuation of $12.63B. That most recent trading price of OVV’s stock is at a discount of -32.79% from its 52-week high price of $63.30 and is indicating a premium of 39.73% from its 52-week low price of $28.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.26 million shares which gives us an average trading volume of 4.34 million if we extend that period to 3-months.
Ovintiv Inc. (NYSE:OVV) trade information
Upright in the red during last session for losing -0.63%, in the last five days OVV remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $47.67 price level, adding 6.71% to its value on the day. Ovintiv Inc.’s shares saw a change of 42.34% in year-to-date performance and have moved -10.57% in past 5-day. Ovintiv Inc. (NYSE:OVV) showed a performance of -4.17% in past 30-days. Number of shares sold short was 5.58 million shares which calculate 0.79 days to cover the short interests.
Ovintiv Inc. (OVV) estimates and forecasts
Statistics highlight that Ovintiv Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -4.86% of value to its shares in past 6 months, showing an annual growth rate of 90.82% while that of industry is 13.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 153.20% in the current quarter and calculating 104.70% increase in the next quarter. This year revenue growth is estimated to rise 22.20% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.66 billion for the same. And 8 analysts are in estimates of company making revenue of $2.68 billion in the next quarter that will end on Sep 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 24.50% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 122.60% while estimates for its earnings growth in next 5 years are of 51.74%.
Ovintiv Inc. is more likely to be releasing its next quarterly report between April 26 and May 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Ovintiv Inc. (NYSE:OVV)’s Major holders
Insiders are in possession of 0.42% of company’s total shares while institution are holding 81.99 percent of that, with stock having share float percentage of 82.33%. Investors also watch the number of corporate investors in a company very closely, which is 81.99% institutions for Ovintiv Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at OVV for having 26.28 million shares of worth $1.42 billion. And as of Mar 30, 2022, it was holding 10.27% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 23.23 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 9.08% of outstanding shares, having a total worth of $1.26 billion.
On the other hand, Dodge & Cox International Stock Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 11.5 million shares of worth $508.18 million or 4.49% of the total outstanding shares. The later fund manager was in possession of 7.52 million shares on Mar 30, 2022, making its stake of worth around $406.38 million in the company or a holder of 2.94% of company’s stock.