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Ovintiv (OVV)
NYSE:OVV
Ovintiv (OVV) Stock Price & Analysis
1,651 Followers
OVV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.21 - $55.95
Previous Close$52.29
Volume3.25M
Average Volume (3M)3.20M
Market Cap
$14.14B
Enterprise Value$20.81B
Total Cash (Recent Filing)$3.00M
Total Debt (Recent Filing)$6.67B
Price to Earnings (P/E)6.7
Beta1.04
Next Earnings
May 07, 2024EPS Estimate
$1.44Last Dividend Ex-Date
Mar 14, 2024Dividend Yield2.28%
Share Statistics
EPS (TTM)7.88
Shares Outstanding271,700,000
10 Day Avg. Volume2,875,768
30 Day Avg. Volume3,199,348
Standard Deviation0.25
R-Squared0.31
Alpha0.00810
Financial Highlights & Ratios
Price to Book (P/B)1.51
Price to Sales (P/S)1.31
Price to Cash Flow (P/CF)2.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.91
Enterprise Value/Gross Profit1.91
Enterprise Value/Ebitda4.45
Forecast
1Y Price Target
$59.82Price Target Upside14.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
Ovintiv News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company's commitment to increasing free cash flow and reducing debt is highlighted by an anticipated significant boost in cash flow, which aims to enhance shareholder returns and financial strength.
Operational EfficiencyOvintiv's operational expertise shines as they expect to sustain and even improve their '23 operational efficiencies, potentially saving around $500k per well, showcasing a robust strategy for cost management.
Valuation And Investment PotentialOvintiv's attractive valuation is noted, as it trades at a discount to industry peers despite possessing quality assets, strong management, and a focused return of capital strategy, presenting a compelling investment opportunity.
Bears Say
Financial StrategyWhile debt will grow due to tax implications and bolt-on acquisitions, the company is committed to shareholder return while also bringing down debt throughout the year.
Operational IssuesThe shut-in of the Uinta production due to refinery turnarounds contributes the majority of the downtime.
Production ForecastThe company intends to let oil volumes decline which could impact overall production levels.
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Ownership Overview
1.84% Insiders
34.88% Mutual Funds
23.47% Other Institutional Investors
39.81% 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 $31.21 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 May 07, 2024 which is in 18 days.
How were Ovintiv’s earnings last quarter?
Ovintiv released its earnings results on Feb 27, 2024. The company reported $2.351 earnings per share for the quarter, beating the consensus estimate of $1.942 by $0.409.
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 2.28%. See more information on Ovintiv dividends here
What is Ovintiv’s EPS estimate?
Ovintiv’s EPS estimate is $1.44.
How many shares outstanding does Ovintiv have?
Ovintiv has 268,953,640 shares outstanding.
What happened to Ovintiv’s price movement after its last earnings report?
Ovintiv reported an EPS of $2.351 in its last earnings report, beating expectations of $1.942. Following the earnings report the stock price went up 3.887%.
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 1B.
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Ovintiv Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$59.82 (14.40% Upside)
$59.82 (14.40% Upside)
Blogger Sentiment
Bullish
OVV Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 3.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $774.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 5.7%
Last 30 Days ▼ 5.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
39.37%
12-Months-Change
Fundamentals
Return on Equity
23.09%
Trailing 12-Months
Asset Growth
32.75%
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
Q4 2024
0:00 / 0:00
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OVV Stock 12 Months Forecast
Average Price Target
$59.82
▲(14.40% Upside)
Technical Analysis
Best Analysts Covering OVV
1 Year
1 Year Success Rate
20/22 ratings generated profit
1 Year Average Return
+51.48%
reiterated a buy rating 8 days ago
Copying Josh Silverstein's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +51.48% per trade.
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