The price of Ovintiv Inc (NYSE:OVV) shares last traded on Wall Street rose 5.95% to $44.72.
OVV stock price is now 10.05% away from the 50-day moving average and -2.70% away from the 200-day moving average. The market capitalization of the company currently stands at $11.64B.
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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 $2.02 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 $0.4 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 0.64, a current ratio of 0.52, and a quick ratio of 0.52. The fifty day moving average price for OVV is $40.6378 and a two-hundred day moving average price translates $45.9623 for the stock.
The latest earnings results from Ovintiv Inc (NYSE: OVV) was released for 2024-09-30. The net profit margin was 20.96% and return on equity was 20.20% for OVV. The company reported revenue of $2.32 billion for the quarter, compared to $2.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.27 percent.
