After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Ovintiv to Host its 2023 Fourth Quarter and Year-End Results Conference Call and Webcast on February 28, 2024.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $44.83 and fluctuated between $45.11 as its day high and $44.08 as its day low. The current market capitalization of Ovintiv Inc is $12.23B. A total of 2.4 million shares were traded on the day, compared to an average of 2.78M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Ovintiv Inc pays an annual dividend of $1.15, resulting in a dividend yield of 2.57%, and it has a price to earnings (P/E) ratio of 4.45. 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OVV in the last 3 months, the mean price target is $53.91 with high estimates of $65.00 and low estimates of $42.00. In terms of 52-week highs and lows, OVV has a high of $51.60 and a low of $32.07.
As of this writing, OVV has an earnings estimate of $1.95 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $2.32 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
