After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
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Stocks Info
Ovintiv Inc is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. The current market capitalization of Ovintiv Inc is $12.10B. A total of 2.11 million shares were traded on the day, compared to an average of 2.78M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. 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 reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Ovintiv Inc pays an annual dividend of $1.15, resulting in a dividend yield of 2.59%, and it has a price to earnings (P/E) ratio of 4.40. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 $Ovintiv Inc. (DE) per share for the current quarter. EPS was calculated based on a consensus of iShares Core S&P 500 ETF estimates, with a high estimate of $Universal Corporation per share and a lower estimate of $Valvoline Inc.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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
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. 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.
