Ovintiv Inc (NYSE:OVV) shares traded -2.28% lower at $33.86 on Wall Street last session.
OVV stock price is now -10.20% away from the 50-day moving average and -17.70% away from the 200-day moving average. The market capitalization of the company currently stands at $8.81B.
On March 24, 2025, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $55 to quote $57, while ‘BofA Securities’ rates the stock as ‘Buy’
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 $1.53 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 $0.3 million. A total of 0.52% of the company’s stock is owned by insiders.
During the past 12 months, Ovintiv Inc has had a low of $29.80 and a high of $52.90. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 0.43, and a quick ratio of 0.43.
The net profit margin was 6.97% and return on equity was 6.17% for OVV. The company reported revenue of $2.38 billion for the quarter, compared to $2.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.06 percent.
