Ovintiv Inc (NYSE:OVV) price closed lower on Tuesday, April 16, dropping -0.53% below its previous close.
A look at the daily price movement shows that the last close reads $52.57. The company’s P/E ratio in the trailing 12-month period read 6.63. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.95 and 52-week low of $32.07. The stock added 3.63% on its value in the past month.
Ovintiv Inc, which has a market valuation of $14.06 billion. The company stock has a Forward Dividend ratio of 1.20, while the dividend yield is 2.29%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give OVV a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.51. The overview shows that OVV’s price is at present -1.14% off the SMA20 and 6.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.07, with weekly volatility standing at 3.04%. The indicator jumps to 1.97% when calculated based on the past 30 days. Ovintiv Inc (NYSE:OVV)’s beta value is holding at 2.66, while the average true range (ATR) indicator is currently reading 1.18.
An analysis of the Ovintiv Inc (NYSE:OVV) stock in terms of its daily trading volume indicates that the 3-month average is 3.18 million.
Current records show that the company has 271.70M in outstanding shares. The insiders’ percentage holdings are 5.97% of outstanding shares while the percentage share held by institutions stands at 79.48%. But the 19.06% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
