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Ovintiv (OVV)
NYSE:OVV
Ovintiv (OVV) Stock Price & Analysis
1,664 Followers
OVV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$33.84 - $55.95
Previous Close$48.37
Volume2.62M
Average Volume (3M)2.93M
Market Cap
$12.91B
Enterprise Value$20.00B
Total Cash (Recent Filing)$5.00M
Total Debt (Recent Filing)$7.09B
Price to Earnings (P/E)6.8
Beta0.87
Next Earnings
Jul 24, 2024EPS Estimate
$1.51Last Dividend Ex-Date
Jun 14, 2024Dividend Yield2.47%
Share Statistics
EPS (TTM)7.16
Shares Outstanding267,600,000
10 Day Avg. Volume2,758,530
30 Day Avg. Volume2,929,259
Standard Deviation0.25
R-Squared0.30
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.36
Price to Sales (P/S)1.19
Price to Cash Flow (P/CF)4.00
P/FCF Ratio18.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.87
Enterprise Value/Gross Profit3.39
Enterprise Value/Ebitda4.24
Forecast
1Y Price Target
$61.50Price Target Upside31.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
Ovintiv News
Bulls Say, Bears Say
Bulls Say
EarningsPrice target has been increased from $64.00 to $66.00.
Operational PerformanceManagement raised the full-year production guide by 1.3% to 568 MBoe/d, signaling confidence in the company's operational capabilities.
Shareholder ReturnsOVV remains committed to a shareholder return framework targeting 50% of post-dividend FCF for buybacks.
Bears Say
Future ProductionThe company intends to let oil volumes decline in 2024 which could impact overall production levels.
Investor ExpectationsThe stock is likely to disappoint investors as expectations need to be reset lower.
ProductionProduction levels are below the analyst's estimate which can be a concern for potential investors.
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Ownership Overview
1.87% Insiders
30.76% Mutual Funds
42.94% Other Institutional Investors
24.43% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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OVV FAQ
What was Ovintiv’s price range in the past 12 months?
Ovintiv lowest stock price was $33.84 and its highest was $55.95 in the past 12 months.
What is Ovintiv’s market cap?
Currently, no data Available
When is Ovintiv’s upcoming earnings report date?
Ovintiv’s upcoming earnings report date is Jul 24, 2024 which is in 40 days.
How were Ovintiv’s earnings last quarter?
Ovintiv released its earnings results on May 07, 2024. The company reported $1.427 earnings per share for the quarter, beating the consensus estimate of $1.414 by $0.013.
Is Ovintiv overvalued?
According to Wall Street analysts Ovintiv’s price is currently Undervalued.
Does Ovintiv pay dividends?
Ovintiv pays a Quarterly dividend of $0.3 which represents an annual dividend yield of 2.47%. See more information on Ovintiv dividends here
What is Ovintiv’s EPS estimate?
Ovintiv’s EPS estimate is $1.51.
How many shares outstanding does Ovintiv have?
Ovintiv has 266,980,800 shares outstanding.
What happened to Ovintiv’s price movement after its last earnings report?
Ovintiv reported an EPS of $1.427 in its last earnings report, beating expectations of $1.414. Following the earnings report the stock price went down -3.047%.
Which hedge fund is a major shareholder of Ovintiv?
Among the largest hedge funds holding Ovintiv’s share is Dodge & Cox. It holds Ovintiv’s shares valued at 450M.
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Ovintiv Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$61.50 (31.33% Upside)
$61.50 (31.33% Upside)
Blogger Sentiment
Bullish
OVV Sentiment 83%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 14.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $725.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.8%
Last 30 Days ▼ 5.2%
Last 30 Days ▼ 5.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.15%
12-Months-Change
Fundamentals
Return on Equity
21.33%
Trailing 12-Months
Asset Growth
31.15%
Trailing 12-Months
Company Description
Ovintiv
Ovintiv, Inc. produces and develops multi-basin portfolio of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment's activities are managed by the Midstream, Marketing & Fundamentals team, which is primarily responsible for the sale of the Company's proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.
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OVV Company Deck
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OVV Earnings Call
Q1 2024
0:00 / 0:00
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OVV Stock 12 Month Forecast
Average Price Target
$61.50
▲(31.33% Upside)
Technical Analysis
Best Analysts Covering OVV
1 Year
1 Year Success Rate
19/23 ratings generated profit
1 Year Average Return
+44.73%
reiterated a buy rating last month
Copying Josh Silverstein's trades and holding each position for 1 Year would result in 82.61% of your transactions generating a profit, with an average return of +44.73% per trade.
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