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Stoxline Mobile
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Ovintiv Inc. (OVV)

33.98   -0.2 (-0.59%) 03-24 16:00
Open: 33.1 Pre. Close: 34.18
High: 34.15 Low: 32.895
Volume: 2,796,872 Market Cap: 8,279(M)

Technical analysis

as of: 2023-03-24 4:28:38 PM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 48.16     One year: 54.63
Support: Support1: 32.25    Support2: 26.84
Resistance: Resistance1: 41.23    Resistance2: 46.77
Pivot: 37.2
Moving Average: MA(5): 34.55     MA(20): 39.19
MA(100): 48.13     MA(250): 49.21
MACD: MACD(12,26): -3.3     Signal(9): -3
Stochastic oscillator: %K(14,3): 13.7     %D(3): 16.4
RSI: RSI(14): 31.6
52-week: High: 63.29  Low: 32.25
Average Vol(K): 3-Month: 3,460 (K)  10-Days: 4,195 (K)

Price, moving averages 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 26.7%. Bollinger Bands are 72.7% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 8 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 34.22 - 34.43 34.43 - 34.58
Low: 32.41 - 32.68 32.68 - 32.88
Close: 33.62 - 34.02 34.02 - 34.33

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

Sat, 25 Mar 2023
Ovintiv Inc. (NYSE:OVV) Given Average Recommendation of ... - MarketBeat

Fri, 24 Mar 2023
Ovintiv Inc (OVV) Stock Is Lower By -1.41% This Week: Buy, Hold, or Sell? - InvestorsObserver

Fri, 24 Mar 2023
Ovintiv Inc.'s (TSE:OVV) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? - Simply Wall St

Thu, 23 Mar 2023
Citigroup Downgrades Ovintiv (OVV) - Nasdaq

Mon, 20 Mar 2023
Ovintiv's (OVV) Q4 Earnings Miss Estimates, Revenues Beat - Nasdaq

Wed, 15 Mar 2023
Is Ovintiv Inc (OVV) a Good Buy in the Oil & Gas E&P Industry? - InvestorsObserver

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Outperform
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Outperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Underperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. 244 (M)
Shares Float 242 (M)
% Held by Insiders 0.5 (%)
% Held by Institutions 83.2 (%)
Shares Short 5,390 (K)
Shares Short P.Month 7,900 (K)

Stock Financials

EPS 14.39
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 31.29
Profit Margin (%) 25.5
Operating Margin (%) 27
Return on Assets (ttm) 16.5
Return on Equity (ttm) 56.9
Qtrly Rev. Growth 5.5
Gross Profit (p.s.) 29.88
Sales Per Share 58.52
EBITDA (p.s.) 20.48
Qtrly Earnings Growth 3
Operating Cash Flow 3,870 (M)
Levered Free Cash Flow 763 (M)

Stock Valuations

PE Ratio 2.36
PEG Ratio 0.1
Price to Book value 1.08
Price to Sales 0.58
Price to Cash Flow 2.13

Stock Dividends

Dividend 0.25
Forward Dividend 0
Dividend Yield 0.7%
Dividend Pay Date 2021-12-30
Ex-Dividend Date 2021-12-13
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