Over the past three months, Ovintiv Inc. [OVV] ended the trading day at $9.60 and exhibited a change of -1.28% with a 24 hour trading and reached upto the volume of 4.35M compared to its recorded trading volume of 1.01 million. OVV generated a 1 year amount change with -54.32%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -0.51% with an amount shift of -4.14% over the last month.

On 15, October 2020, Ovintiv to Host its Third Quarter 2020 Results Conference Call on October 29, 2020. According to news published on Yahoo Finance, Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2020 third quarter results conference call at 9 a.m. MT on Thursday, October 29, 2020. The Company plans to release its third quarter financial and operating results after market close on Wednesday, October 28, 2020. In addition to the release, supplemental slides and financial statements will be available on the Company’s website, located at www.ovintiv.com.

Analyst Birdseye View:

The most recent analyst activity for Ovintiv Inc. [NYSE:OVV] stock was on July 15, 2020, when it was Upgrade with a Peer perform rating from Wolfe Research. Before that, on August 05, 2020, Credit Suisse Recapitulated a Neutral rating and elevated its amount target to $11. On June 29, 2020, BMO Capital Markets Upgrade an Outperform rating and boosted its price target on this stock to $13. On June 19, 2020, Mizuho Upgrade a Neutral rating. On May 14, 2020, BofA/Merrill Upgrade a Buy rating and increased its price target to $8. On April 24, 2020, TD Securities Downgrade a Hold rating. On April 15, 2020, BMO Capital Markets Downgrade a Market perform rating. SunTrust elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.10 and a peak of $25.00. Right now, according to Wall Street analyst the average 12-month amount target is $12.53. At the most recent market close, shares of Ovintiv Inc. [NYSE:OVV] were valued at $9.60.

FUNDAMENTAL ANALYSIS

Ovintiv Inc. [NYSE:OVV] most recently reported quarterly sales of 2.36 billion, which represented growth of -64.70%. This company’s Gross Margin is currently 69.30% and its Operating Margin is -44.20%.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.29 points at 1st support level, the second support level is making up to 8.86. But as of 1st resistance point, this stock is sitting at 9.99 and at 10.25 for 2nd resistance point.

Ovintiv Inc. [OVV] reported its earnings at -$0.43 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.46/share signifying the difference of 0.03 and 6.50% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.1 calling estimates for $0.16/share with the difference of -0.06 depicting the surprise of -37.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ovintiv Inc. [NYSE:OVV] is 0.90.

Insider Stories

The most recent insider trade was by Moore Rachel Maureen, EVP, Corporate Services, and it was the purchase of 6000.0 shares on Oct 02. Mayson Howard John, the Director, completed a sale of 8100.0 shares on Sep 25. On Sep 23, Suttles Douglas James, President & CEO, completed a purchase of 1200.0 shares.