The price of Ovintiv Inc (NYSE:OVV) shares last traded on Wall Street rose 2.31% to $41.26.
OVV stock price is now -1.50% away from the 50-day moving average and -10.70% away from the 200-day moving average. The market capitalization of the company currently stands at $10.88B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On June 14, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock keeping its target price maintained at $60, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Mayson Howard John, Director sold 4,000 shares of the company’s stock on May 31 ’24. The stock was sold for $204,560 at an average price of $51.14. Upon completion of the transaction, the Director now directly owns 45,279 shares in the company, valued at $1.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, Director NANCE STEVEN W sold 12,000 shares of the business’s stock. A total of $600,000 was realized by selling the stock at an average price of $50.00. This leaves the insider owning 8,929 shares of the company worth $0.37 million. A total of 0.46% of the company’s stock is owned by insiders.
During the past 12 months, Ovintiv Inc has had a low of $36.90 and a high of $55.95. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 0.44, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $17860472832, which is based on a 5.82 price-to-earnings ratio, a 0.65 price-to-earnings-growth ratio, and a beta of 2.64. The fifty day moving average price for OVV is $41.789 and a two-hundred day moving average price translates $46.19145 for the stock.
The latest earnings results from Ovintiv Inc (NYSE: OVV) was released for 2024-06-30. The net profit margin was 18.52% and return on equity was 19.75% for OVV. The company reported revenue of $2.29 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.1 percent.
