After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Ovintiv Names Sippy Chhina to Board of Directors.
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Stocks Info
OVV belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $40.30 and fluctuated between $40.38 as its day high and $39.68 as its day low. The current market capitalization of Ovintiv Inc is $11.00B. A total of 2.51 million shares were traded on the day, compared to an average of 2.84M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, OVV has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.
In the most recent transaction, Eilers Meghan Nicole sold 7,000 shares of OVV for 41.37 per share on Dec 06. After the transaction, the EVP, GC & Corporate Secretary now owns 20,441 company shares. In a previous transaction on Nov 29, NANCE STEVEN W sold 13,000 shares at 43.78 per share. OVV shares that Director owns now total 24,193.
Among the insiders who sold shares, NANCE STEVEN W disposed of 1,201 shares on Aug 03 at a per-share price of $48.65. This resulted in the Director holding 20,929 shares of OVV after the transaction. In another insider transaction, Zemljak Renee Ellen sold 70,424 shares at $46.40 per share on Mar 03. Company shares held by the EVP, Midstream, Mrktg & Fndmtl now total 0.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Ovintiv Inc pays an annual dividend of $1.15, resulting in a dividend yield of 2.84%, and it has a price to earnings (P/E) ratio of 4.00. OVV’s most recent ex-dividend date was 12/14/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The OVV stock dividend was $0.30 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, OVV has a high of $52.47 and a low of $32.07.
As of this writing, OVV has an earnings estimate of $2.01 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $2.89 per share and a lower estimate of $1.67. The company reported an EPS of $0.93 in the last quarter, which was 13.40% higher than expectations of $0.82.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. OVV’s latest balance sheet shows that the firm has $195.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.78B in debt and $2.75B in liabilities at the time. Its Book Value Per Share was $35.00, while its Total Shareholder’s Equity was $5.07B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OVV is Buy with a score of 4.26.
