Ovintiv Inc. (NYSE:OVV) went up by 5.40% from its latest closing price compared to the recent 1-year high of $33.46. The company’s stock price has collected 4.92% of gains in the last five trading sessions. Press Release reported on 09/09/21 that Ovintiv Announces Increasing Shareholder Returns with New Capital Allocation Framework
Is It Worth Investing in Ovintiv Inc. (NYSE :OVV) Right Now?
Plus, the 36-month beta value for OVV is at 3.95. Opinions of the stock are interesting as 19 analysts out of 27 who provided ratings for Ovintiv Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 7 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $39.08, which is $7.8 above the current price. OVV currently public float of 258.33M and currently shorts hold a 3.03% ratio of that float. Today, the average trading volume of OVV was 2.59M shares.
OVV’s Market Performance
OVV stocks went up by 4.92% for the week, with a monthly jump of 20.78% and a quarterly performance of -2.00%, while its annual performance rate touched 248.14%. The volatility ratio for the week stands at 3.82% while the volatility levels for the past 30 days are set at 3.78% for Ovintiv Inc.. The simple moving average for the period of the last 20 days is 14.86% for OVV stocks with a simple moving average of 26.85% for the last 200 days.
Analysts’ Opinion of OVV
Many brokerage firms have already submitted their reports for OVV stocks, with Cowen repeating the rating for OVV by listing it as a “Outperform.” The predicted price for OVV in the upcoming period, according to Cowen is $39 based on the research report published on August 24th of the current year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see OVV reach a price target of $38. The rating they have provided for OVV stocks is “Buy” according to the report published on August 17th, 2021.
Wells Fargo gave a rating of “Overweight” to OVV, setting the target price at $38 in the report published on July 27th of the current year.
OVV Trading at 11.46% 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 -10.73% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares surge +23.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.32% lower at present.
During the last 5 trading sessions, OVV rose by +4.92%, which changed the moving average for the period of 200-days by +121.59% in comparison to the 20-day moving average, which settled at $26.28. In addition, Ovintiv Inc. saw 108.01% 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 5,130 shares at the price of $25.51 back on Aug 05. After this action, Minyard Katherine Lucas now owns 11,000 shares of Ovintiv Inc., valued at $130,866 using the latest closing price.
Minyard Katherine Lucas, the Director of Ovintiv Inc., purchase 4,000 shares at $31.55 during a trade that took place back on Jun 24, which means that Minyard Katherine Lucas is holding 5,870 shares at $126,213 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 -50.00, with -14.00 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.