After Hours
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. Yahoo Finance discussed the stock recently as it posted Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results.
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Stocks Info
As a NYSE listed company, OVV falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Ovintiv Inc is $13.64B. A total of 3.13 million shares were traded on the day, compared to an average of 2.88M shares.
In the most recent transaction, Moore Rachel Maureen sold 9,300 shares of OVV for 50.65 per share on Mar 01 ’24. After the transaction, the EVP, Corporate Services now owns 52,557 company shares. In a previous transaction on Mar 01 ’24, Mayson Howard John sold 6,000 shares at 50.56 per share. OVV shares that Director owns now total 36,840.
Among the insiders who sold shares, Eilers Meghan Nicole disposed of 7,000 shares on Dec 06 ’23 at a per-share price of $41.37. This resulted in the EVP, GC & Corporate Secretary holding 20,441 shares of OVV after the transaction. In another insider transaction, NANCE STEVEN W sold 13,000 shares at $43.78 per share on Nov 29 ’23. Company shares held by the Director now total 24,193.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ovintiv Inc pays an annual dividend of $1.15, resulting in a dividend yield of 2.27%, and it has a price to earnings (P/E) ratio of 6.42. OVV’s most recent ex-dividend date was 3/14/2024 when it declared a $0.30 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The OVV stock dividend was $0.30 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $1.44 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.92 per share and a lower estimate of $1.04. The company reported an EPS of $1.74 in the last quarter, which was -0.60% lower than expectations of $1.75.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $38.17, while its Total Shareholder’s Equity was $5.07B.
Analysts Opinion
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. 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.
