During the recent session, Ovintiv Inc (NYSE:OVV)’s traded shares were 0.56 million, with the beta value of the company hitting 1.11. At the last check today, the stock’s price was $36.42, reflecting an intraday loss of -0.29% or -$0.11. The 52-week high for the OVV share is $51.72, that puts it down -42.01 from that peak though still a striking 18.18% gain since the share price plummeted to a 52-week low of $29.80. The company’s market capitalization is $9.46B, and the average intraday trading volume over the past 10 days was 3.35 million shares, and the average trade volume was 3.99 million shares over the past three months.
Ovintiv Inc (OVV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.59. OVV has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.04.
Ovintiv Inc (NYSE:OVV) trade information
Ovintiv Inc (OVV) registered a -0.29% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.29% in intraday trading to $36.42, hitting a weekly high. The stock’s 5-day price performance is 2.12%, and it has moved by 8.47% in 30 days. Based on these gigs, the overall price performance for the year is -25.97%. The short interest in Ovintiv Inc (NYSE:OVV) is 9.65 million shares and it means that shorts have 2.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $57, which implies an increase of 36.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $70 respectively. As a result, OVV is trading at a discount of -92.2% off the target high and -23.56% off the low.
Ovintiv Inc (OVV) estimates and forecasts
In the rating firms’ projections, revenue will decrease -5.45% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.92B as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 1.96B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.29B and 2.32B respectively. In this case, analysts expect current quarter sales to shrink by -16.15% and then drop by -15.51% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.26%. While earnings are projected to return -28.58% in 2025, the next five years will return 6.58% per annum.
OVV Dividends
Ovintiv Inc is due to release its next quarterly earnings on 2025-May-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Ovintiv Inc is 1.20, with the dividend yield indicating at 3.29 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.3%.
Ovintiv Inc (NYSE:OVV)’s Major holders
Ovintiv Inc insiders own 0.50% of total outstanding shares while institutional holders control 90.94%, with the float percentage being 91.39%. BLACKROCK INC. is the largest shareholder of the company, while 801.0 institutions own stock in it. As of 2024-06-30, the company held over 29.97 million shares (or 11.2577% of all shares), a total value of $1.4 billion in shares.
The next largest institutional holding, with 28.03 million shares, is of VANGUARD GROUP INC’s that is approximately 10.53% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.31 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Ovintiv Inc (OVV) shares are Pacer Funds Trust-Pacer US Cash Cows 100 ETF and iShares Trust-iShares Core S&P Mid-Cap ETF . Data provided on Jan 31, 2025 indicates that Pacer Funds Trust-Pacer US Cash Cows 100 ETF owns about 9.25 shares. This amounts to just over 3.56 percent of the company’s overall shares, with a $336.31 million market value. The same data shows that the other fund manager holds slightly less at 8.43, or about 3.24% of the stock, which is worth about $306.55 million.
