How to Buy Ovintiv Stock
Ovintiv Inc
Ovintiv Inc. , together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids.
Ovintiv stock last closed at $52.77, up 1.13% from the previous day, and has increased 39.46% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.22 percentage points. Ovintiv stock is currently +64.55% from its 52-week low of $32.07, and -5.68% from its 52-week high of $55.95.
There are currently 269.52M shares of OVV outstanding. The market capitalization of OVV is $14.22B. In the past 24 hours, 1.63M OVV shares were traded.
How to Buy Ovintiv Stock
Wondering how to invest in Ovintiv stock? Here's how.
- Choose where to buy Ovintiv stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Ovintiv stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your method of payment and add your details.
- Analyze Ovintiv stock: The Ovintiv ticker symbol is OVV. Is Ovintiv stock a good investment? Should you buy shares of OVV? How do OVV's underlying business fundamentals look? Do top analysts think Ovintiv is a good buy? Why has OVV's stock price moved recently? (Hint: Our stock research tools can help you understand if OVV is a good stock to buy).
- Execute your OVV purchase: Decide if you will purchase OVV shares at the current market price or use a limit order to buy OVV stock at a particular price.
- Get updates on your OVV position: Create a watchlist to keep tabs on your investment in Ovintiv stock.
Step 1: Choose where to buy Ovintiv stock
You will need a brokerage account to access the NYSE market and buy OVV shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to invest in OVV today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new brokerage account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on the best stock market app, you need to deposit funds:
Check out the video below if you need help depositing funds into your new investment account.
Step 4: Analyze Ovintiv stock
After you have figured out the best place to buy Ovintiv stock, it's critical to evaluate their stock before you invest, so you actually comprehend the risk and upside.
Overview of key OVV info
OVV Due Diligence Checks
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on OVV's stock page.
Is OVV stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OVV's intrinsic value.
Using relative valuations metrics:
- OVV may be undervalued based on its P/E ratio of 6.58x, relative to Oil & Gas E&P industry P/E ratio of 13.45x
- OVV could be undervalued based on its P/B ratio of 1.37x, relative to Oil & Gas E&P industry P/B ratio of 2.15x
You can do additional valuation analysis on OVV's stock here.
OVV Financial Health Overview
Positive Health Checks:
- OVV earnings of $2.87B is not sufficient to cover its interest payments.
- OVV's operating cash flow of $4.17B allows it to safely service it's debt of $6.66B.
- Total OVV debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- OVV has a relatively high debt to equity ratio of 0.93.
- There are more long-term liabilities than short-term assets on the OVV balance sheet.
- OVV profit margin has gone down from 29.2% to 19.2% in the past year.
- There are more short-term liabilities than short-term assets on the OVV balance sheet.
Is OVV stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 10 sell side analysts who give recommendations on OVV, the consensus analyst rating on OVV is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest OVV Analyst Forecasts
Neil Mehta, a top 5% analyst from Goldman Sachs maintains OVV with a hold rating and raises their OVV price target from $47.00 to $56.00, on Mar 26, 2024.
Brian Downey, a top 19% analyst from Citigroup maintains OVV with a strong buy rating and raises their OVV price target from $52.00 to $58.00, on Mar 18, 2024.
Roger Read, a top 2% analyst from Wells Fargo maintains OVV with a hold rating and raises their OVV price target from $44.00 to $54.00, on Mar 12, 2024.
Gregory Pardy, a top 17% analyst from RBC Capital maintains OVV with a hold rating and raises their OVV price target from $48.00 to $49.00, on Feb 29, 2024.
Arun Jayaram, a top 11% analyst from JP Morgan upgrades OVV to a strong buy rating and lowers their OVV price target from $61.00 to $58.00, on Dec 6, 2023.
You can dive deeper into what analysts are projecting on the Ovintiv stock forecast page.
OVV Momentum
Is OVV Growing Revenue?
Last year, OVV earnings were $2.09B. During the past 5 year, OVV's earnings have gone up by 7.56% per year. This was slower than the Oil & Gas E&P industry average of 14.2%.
Last year, OVV revenue was $10.88B. During the last five year, OVV's revenue has increased by 12.88% per year. This was slower than the Oil & Gas E&P industry average of 19.41%.
Dig into OVV's earnings and revenue performance here.
Who is buying/selling OVV?
In the past 12 months, insiders at OVV have sold more shares than they have bought.
Renee Ellen Zemljak, EVP Midstream Mrktg Fndmtl of OVV, was the latest OVV insider to sell. They sold $3,886,413.44 worth of OVV stock on Mar 14, 2024.
Get more info about who owns OVV stock here.
Does OVV provide a stable income stream?
Ovintiv pays a dividend of 2.27%, compared to the Oil & Gas E&P industry's average dividend yield of 3.54%. If you owned $1,000 worth of OVV stock, you would have received $22.74 in the past year.
Ovintiv dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more info about Ovintiv dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your OVV purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you require additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your OVV position
Now that you own some OVV stock, you'll want to stay up-to-date on your new shares.
Start a watchlist to get alerted to the latest events about your OVV stock.
OVV Feed
How to Buy Stock in Ovintiv
To reiterate, here are the 6 steps you need to take to buy Ovintiv stock right now:
- Choose where to buy Ovintiv stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Ovintiv stock
- Execute your OVV purchase
- Get updates on your OVV position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Ovintiv, click the button below.
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