Ovintiv Inc. (NYSE:OVV) went up by 2.70% from its latest closing price compared to the recent 1-year high of $33.46. The company’s stock price has collected -15.38% of loss in the last five trading sessions. Barron’s reported on 07/19/21 that Even as Oil Plunges, Analysts Get More Bullish
Is It Worth Investing in Ovintiv Inc. (NYSE :OVV) Right Now?
Plus, the 36-month beta value for OVV is at 3.94. Opinions of the stock are interesting as 16 analysts out of 26 who provided ratings for Ovintiv Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $39.52, which is $8.88 above the current price. OVV currently public float of 258.35M and currently shorts hold a 2.78% ratio of that float. Today, the average trading volume of OVV was 2.43M shares.
OVV’s Market Performance
OVV stocks went down by -15.38% for the week, with a monthly drop of -11.28% and a quarterly performance of 16.88%, while its annual performance rate touched 156.34%. The volatility ratio for the week stands at 6.72% while the volatility levels for the past 30 days are set at 4.73% for Ovintiv Inc.. The simple moving average for the period of the last 20 days is -15.68% for OVV stocks with a simple moving average of 24.29% for the last 200 days.
Analysts’ Opinion of OVV
Many brokerage firms have already submitted their reports for OVV stocks, with Raymond James repeating the rating for OVV by listing it as a “Mkt Perform.” The predicted price for OVV in the upcoming period, according to Raymond James is $35 based on the research report published on July 20th of the current year 2021.
Credit Suisse, on the other hand, stated in their research note that they expect to see OVV reach a price target of $38, previously predicting the price at $29. The rating they have provided for OVV stocks is “Outperform” according to the report published on July 19th, 2021.
Citigroup gave a rating of “Buy” to OVV, setting the target price at $43 in the report published on June 25th of the current year.
OVV Trading at -11.95% 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 -23.85% of loss for the given period.
Volatility was left at 4.73%, however, over the last 30 days, the volatility rate increased by 6.72%, as shares sank -16.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.38% lower at present.
During the last 5 trading sessions, OVV fell by -15.38%, which changed the moving average for the period of 200-days by +244.32% in comparison to the 20-day moving average, which settled at $29.97. In addition, Ovintiv Inc. saw 77.44% 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 Minyard Katherine Lucas, who purchase 4,000 shares at the price of $31.55 back on Jun 24. After this action, Minyard Katherine Lucas now owns 5,870 shares of Ovintiv Inc., valued at $126,213 using the latest closing price.
Moore Rachel Maureen, the EVP, Corporate Services of Ovintiv Inc., purchase 6,000 shares at $7.42 during a trade that took place back on Oct 02, which means that Moore Rachel Maureen is holding 6,000 shares at $44,520 based on the most recent closing price.
Stock Fundamentals for OVV
Current profitability levels for the company are sitting at:
- -4.19 for the present operating margin
- +4.37 for the gross margin
The net margin for Ovintiv Inc. stands at -109.27. The total capital return value is set at -1.56, while invested capital returns managed to touch -41.78. Equity return is now at value -136.50, with -40.70 for asset returns.
Based on Ovintiv Inc. (OVV), the company’s capital structure generated 208.81 points at debt to equity in total, while total debt to capital is 67.62. Total debt to assets is 55.37, with long-term debt to equity ratio resting at 191.40. Finally, the long-term debt to capital ratio is 61.98.
When we switch over and look at the enterprise to sales, we see a ratio of 2.10, with the company’s debt to enterprise value settled at 0.68. The receivables turnover for the company is 4.32 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.