With 2.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.28 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $46.98 whereas the lowest price it dropped to was $46.14. The 52-week range on OVV shows that it touched its highest point at $55.95 and its lowest point at $36.90 during that stretch. It currently has a 1-year price target of $59.14. With its current market cap of 12.19 billion, OVV has annualized dividend of $1.20 while the current yield stands at 2.57%. OVV paid its most recent dividend on 1726185600, while the ex-dividend date for that was 1734048000. Beta for the stock currently stands at 2.67.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OVV was up-trending over the past week, with a rise of 6.67%, but this was up by 17.33% over a month. Three-month performance surged to 6.28% while six-month performance fell -3.27%. The stock gained 4.59% in the past year, while it has gained 6.35% so far this year. A look at the trailing 12-month EPS for OVV yields 7.54 with Next year EPS estimates of 4.54. For the next quarter, that number is 1.02. This implies an EPS growth rate of -22.84% for this year and -14.61% for next year. EPS is expected to decline by -1.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.25%.
Float and Shares Shorts:
At present, 271.70 million OVV shares are outstanding with a float of 259.11 million shares on hand for trading. On 2024-10-31, short shares totaled 4.36 million, which was 168.0 higher than short shares on 1727654400. In addition to Mr. Brendan Michael McCracken as the firm’s President, CEO & Director, Mr. Corey Douglas Code CPA serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.83722997 of OVV’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, OVV reported revenue of $2324000000.0 and operating income of $527000000.0. The EBITDA in the recently reported quarter was $1277000000.0 and diluted EPS was $1.92.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OVV since 10 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OVV analysts setting a high price target of 70.0 and a low target of 48.0, the average target price over the next 12 months is 58.76611. Based on these targets, OVV could surge 49.86% to reach the target high and rise by 2.76% to reach the target low. Reaching the average price target will result in a growth of 25.81% from current levels.
Analysts have provided yearly estimates in a range of $5.60295 being high and $4.54239 being low. For OVV, this leads to a yearly average estimate of $5.3128. The surprise factor in the prior quarter was $1.31. Based on analyst estimates, the high estimate for the next quarter is $3.36 and the low estimate is $0.79. The average estimate for the next quarter is thus $1.4.
