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Ovintiv (OVV)
NYSE:OVV
Holding OVV?
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OVV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$36.91 - $55.95
Previous Close$43.13
Volume3.06M
Average Volume (3M)3.30M
Market Cap
$11.37B
Enterprise Value$20.48B
Total Cash (Recent Filing)$8.00M
Total Debt (Recent Filing)$6.98B
Price to Earnings (P/E)6.1
Beta0.72
Next Earnings
Nov 07, 2024EPS Estimate
$1.26Last Dividend Ex-Date
Sep 13, 2024Dividend Yield2.78%
Share Statistics
EPS (TTM)7.09
Shares Outstanding264,100,000
10 Day Avg. Volume4,001,600
30 Day Avg. Volume3,303,924
Standard Deviation0.25
R-Squared0.30
Alpha0.00880
Financial Highlights & Ratios
Price to Book (P/B)1.10
Price to Sales (P/S)1.11
Price to Cash Flow (P/CF)2.80
P/FCF Ratio2.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.95
Enterprise Value/Gross Profit3.47
Enterprise Value/Ebitda4.15
Forecast
1Y Price Target
$56.71Price Target Upside31.49% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
Ovintiv News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceOvintiv shares are valued at $58 using NAV, with stock trading at attractive multiples compared to Large Cap U.S. E&Ps peers.
Operational EfficiencyOvintiv's operations were impressive, and by embracing lessons from other divisions and implementing digital workflow and machine learning, Ovintiv is positioned to improve productivity further.
Shareholder ReturnsThe company remains committed to returning 50% of post-base dividend free cash flow to shareholders through buybacks.
Bears Say
Asset Quality ConcernsEarly results from approximately 20 Midland basin wells completed lagged the corporate type curve, which has raised concerns about asset quality.
Pricing And PerformanceThe company's pricing has decreased by approximately 8% quarter over quarter, which offsets the strong operational performance.
Production GuidanceFY Oil and condensate production guidance raise is below the street and implies a sequential decline in 4Q.
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Ownership Overview
0.49% Insiders
25.09% Mutual Funds
0.41% Other Institutional Investors
49.00% 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 $36.91 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 Nov 07, 2024 which is in 19 days.
How were Ovintiv’s earnings last quarter?
Ovintiv released its earnings results on Jul 30, 2024. The company reported $1.217 earnings per share for the quarter, missing the consensus estimate of $1.333 by -$0.116.
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 2.78%. See more information on Ovintiv dividends here
What is Ovintiv’s EPS estimate?
Ovintiv’s EPS estimate is $1.26.
How many shares outstanding does Ovintiv have?
Ovintiv has 263,608,150 shares outstanding.
What happened to Ovintiv’s price movement after its last earnings report?
Ovintiv reported an EPS of $1.217 in its last earnings report, missing expectations of $1.333. Following the earnings report the stock price went up 1.008%.
Which hedge fund is a major shareholder of Ovintiv?
Among the largest hedge funds holding Ovintiv’s share is Hotchkis & Wiley Capital Management LLC. It holds Ovintiv’s shares valued at 328M.
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Ovintiv Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$56.71 (31.49% Upside)
$56.71 (31.49% Upside)
Blogger Sentiment
Bullish
OVV Sentiment 83%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 5.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 3.7%
Last 30 Days ▲ 3.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.84%
12-Months-Change
Fundamentals
Return on Equity
19.75%
Trailing 12-Months
Asset Growth
1.49%
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
Q2 2024
0:00 / 0:00
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OVV Stock 12 Month Forecast
Average Price Target
$56.71
▲(31.49% Upside)
Technical Analysis
Best Analysts Covering OVV
1 Year
1 Year Success Rate
19/26 ratings generated profit
1 Year Average Return
+37.08%
reiterated a buy rating 22 days ago
Copying Josh Silverstein's trades and holding each position for 1 Year would result in 73.08% of your transactions generating a profit, with an average return of +37.08% per trade.
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