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Ovintiv Inc. (OVV)
46.05  0.2 (0.44%)    07-26 16:00
Open: 45.9
High: 46.25
Volume: 2,896,686
  
Pre. Close: 45.85
Low: 45.34
Market Cap: 12,294(M)
Technical analysis
2024-07-26 4:46:20 PM
Short term     
Mid term     
Targets 6-month :  55.95 1-year :  57.89
Resists First :  47.9 Second :  49.56
Pivot price 47.22
Supports First :  45.2 Second :  37.61
MAs MA(5) :  46.12 MA(20) :  47.17
MA(100) :  49.81 MA(250) :  47.22
MACD MACD :  -0.5 Signal :  -0.3
%K %D K(14,3) :  8 D(3) :  7.3
RSI RSI(14): 41
52-week High :  55.95 Low :  39.68
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ OVV ] has closed above bottom band by 21.3%. Bollinger Bands are 10.1% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 46.33 - 46.55 46.55 - 46.75
Low: 44.79 - 45.05 45.05 - 45.29
Close: 45.62 - 46.05 46.05 - 46.44
Company Description

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.

Headline News

Fri, 26 Jul 2024
82,900 Shares in Ovintiv Inc. (NYSE:OVV) Acquired by Healthcare of Ontario Pension Plan Trust Fund - MarketBeat

Fri, 26 Jul 2024
US Bancorp DE Increases Position in Ovintiv Inc. (NYSE:OVV) - Defense World

Thu, 25 Jul 2024
Sei Investments Co. Sells 4,192 Shares of Ovintiv Inc. (NYSE:OVV) - Defense World

Wed, 24 Jul 2024
Avantax Advisory Services Inc. Purchases Shares of 4,493 Ovintiv Inc. (NYSE:OVV) - Defense World

Tue, 23 Jul 2024
ProShare Advisors LLC Sells 1,013 Shares of Ovintiv Inc. (NYSE:OVV) - Defense World

Tue, 23 Jul 2024
Ovintiv Inc. (NYSE:OVV) Shares Sold by Mitsubishi UFJ Trust & Banking Corp - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Energy
Industry:
Oil & Gas Exploration & Production
Shares Out 267 (M)
Shares Float 265 (M)
Held by Insiders 0.4 (%)
Held by Institutions 82 (%)
Shares Short 4,790 (K)
Shares Short P.Month 6,950 (K)
Stock Financials
EPS 7.17
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 38.34
Profit Margin 18.5 %
Operating Margin 21.2 %
Return on Assets (ttm) 9.8 %
Return on Equity (ttm) 21.3 %
Qtrly Rev. Growth -8 %
Gross Profit (p.s.) 0
Sales Per Share 39.17
EBITDA (p.s.) 18.01
Qtrly Earnings Growth -37.1 %
Operating Cash Flow 3,760 (M)
Levered Free Cash Flow 814 (M)
Stock Valuations
PE Ratio 6.42
PEG Ratio 0.8
Price to Book value 1.2
Price to Sales 1.17
Price to Cash Flow 3.26
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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