Ovintiv Inc. (NYSE:OVV) went up by 3.14% from its latest closing price compared to the recent 1-year high of $28.69. The company’s stock price has collected 4.63% of gains in the last five trading sessions. Press Release reported on 03/24/21 that IIROC Trade Resumption – OVV
Is It Worth Investing in Ovintiv Inc. (NYSE :OVV) Right Now?
Plus, the 36-month beta value for OVV is at 3.96. Opinions of the stock are interesting as 9 analysts out of 26 who provided ratings for Ovintiv Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 15 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $27.52, which is $0.97 above the current price. OVV currently public float of 257.09M and currently shorts hold a 3.05% ratio of that float. Today, the average trading volume of OVV was 3.33M shares.
OVV’s Market Performance
OVV stocks went up by 4.63% for the week, with a monthly drop of -11.39% and a quarterly performance of 64.11%, while its annual performance rate touched 618.66%. The volatility ratio for the week stands at 4.38% while the volatility levels for the past 30 days are set at 5.37% for Ovintiv Inc.. The simple moving average for the period of the last 20 days is -2.75% for OVV stocks with a simple moving average of 72.79% for the last 200 days.
Analysts’ Opinion of OVV
Many brokerage firms have already submitted their reports for OVV stocks, with Morgan Stanley repeating the rating for OVV by listing it as a “Overweight.” The predicted price for OVV in the upcoming period, according to Morgan Stanley is $35 based on the research report published on March 30th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see OVV reach a price target of $29, previously predicting the price at $26.75. The rating they have provided for OVV stocks is “Buy” according to the report published on March 29th, 2021.
Tudor Pickering gave a rating of “Buy” to OVV, setting the target price at $30 in the report published on March 24th of the current year.
OVV Trading at 9.02% from the 50-Day Moving Average
After a stumble in the market that brought OVV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.08% of loss for the given period.
Volatility was left at 5.37%, however, over the last 30 days, the volatility rate increased by 4.38%, as shares sank -7.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.73% upper at present.
During the last 5 trading sessions, OVV rose by +4.63%, which changed the moving average for the period of 200-days by +129.73% in comparison to the 20-day moving average, which settled at $25.25. In addition, Ovintiv Inc. saw 71.66% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at OVV starting from Moore Rachel Maureen, who purchase 6,000 shares at the price of $7.42 back on Oct 02. After this action, Moore Rachel Maureen now owns 6,000 shares of Ovintiv Inc., valued at $44,520 using the latest closing price.
Mayson Howard John, the Director of Ovintiv Inc., sale 8,100 shares at $8.48 during a trade that took place back on Sep 25, which means that Mayson Howard John is holding 16,121 shares at $68,696 based on the most recent closing price.
Stock Fundamentals for OVV
Equity return is now at value -100.60, with -35.90 for asset returns.