With 5.63 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.75 million shares. The 52-week range on OVV shows that it touched its highest point at $52.90 and its lowest point at $29.80 during that stretch. It currently has a 1-year price target of $51.74. With its current market cap of 9.02 billion, OVV has annualized dividend of $1.20 while the current yield stands at 3.46%. Beta for the stock currently stands at 1.11.
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 0.26%, but this was up by 5.19% over a month. Three-month performance dropped to -20.73% while six-month performance fell -11.61%. The stock lost -32.15% in the past year, while it has lost -14.44% so far this year. A look at the trailing 12-month EPS for OVV yields 4.20 with Next year EPS estimates of 5.45. For the next quarter, that number is 1.07. This implies an EPS growth rate of -27.13% for this year and 27.56% for next year. EPS is expected to grow by 6.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 36.26%.
Float and Shares Shorts:
At present, 260.40 million OVV shares are outstanding with a float of 258.98 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.72474 being high and $5.42709 being low. For OVV, this leads to a yearly average estimate of $5.54615. Based on analyst estimates, the high estimate for the next quarter is $1.91 and the low estimate is $0.62. The average estimate for the next quarter is thus $1.22.
