Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
Ovintiv (OVV)
NYSE:OVV
Ovintiv (OVV) Stock Price & Analysis
1,656 Followers
OVV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.62 - $55.95
Previous Close$49.79
Volume3.06M
Average Volume (3M)3.20M
Market Cap
$13.29B
Enterprise Value$20.38B
Total Cash (Recent Filing)$5.00M
Total Debt (Recent Filing)$7.09B
Price to Earnings (P/E)7.0
Beta0.99
Next Earnings
Jul 24, 2024EPS Estimate
$1.53Next Dividend Ex-Date
Jun 14, 2024Dividend Yield2.41%
Share Statistics
EPS (TTM)7.16
Shares Outstanding271,700,000
10 Day Avg. Volume3,059,508
30 Day Avg. Volume3,195,948
Standard Deviation0.25
R-Squared0.32
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)1.40
Price to Sales (P/S)1.24
Price to Cash Flow (P/CF)4.10
P/FCF Ratio3.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.91
Enterprise Value/Gross Profit3.45
Enterprise Value/Ebitda4.32
Forecast
1Y Price Target
$60.68Price Target Upside21.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
Ovintiv News
PremiumCompany Announcements
Ovintiv Inc. Achieves Strong Q1 2024 Results
PremiumCompany Announcements
Ovintiv Inc. Shareholders Approve Board and Auditors
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAnalyst highlights the company's strong financial performance, delivering higher than anticipated cash flow per share, which indicates a robust financial health.
Operational EfficiencyThe utilization of trimulfrac on over 50% of wells underscores the company's focus on operational efficiencies and cost savings, which can drive profitability.
Shareholder ValueThe company's commitment to returning at least 50% of free cash flow post base dividend through buybacks demonstrates a dedication to shareholder value.
Bears Say
Financial PerformanceThe shut-in of the Uinta production due to refinery turnarounds contributes the majority of the 8 mbopd of downtime, potentially impacting the company's financial performance.
Production GuidanceThe oil production guide for the second quarter was below street expectations, which can be a concern for potential investors.
ValuationThe stock trades at 70% of the updated blended NAV, reflecting a discount to account for royalty and pricing risks in the Montney.
---
Ownership Overview
1.84% Insiders
35.27% Mutual Funds
42.77% Other Institutional Investors
20.12% 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.
---
OVV FAQ
What was Ovintiv’s price range in the past 12 months?
Ovintiv lowest stock price was $31.62 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 66 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 2.41%. See more information on Ovintiv dividends here
What is Ovintiv’s EPS estimate?
Ovintiv’s EPS estimate is $1.53.
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 1B.
---
Ovintiv Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$60.68 (21.87% Upside)
$60.68 (21.87% 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 $1.3M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 2.9%
Last 30 Days ▲ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
54.52%
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.
---
OVV Company Deck
---
OVV Earnings Call
Q1 2024
0:00 / 0:00
---
OVV Stock 12 Month Forecast
Average Price Target
$60.68
▲(21.87% Upside)
Technical Analysis
Best Analysts Covering OVV
1 Year
1 Year Success Rate
20/23 ratings generated profit
1 Year Average Return
+45.80%
reiterated a buy rating 4 days ago
Copying Josh Silverstein's trades and holding each position for 1 Year would result in 86.96% of your transactions generating a profit, with an average return of +45.80% per trade.
---