Douglas James Suttles Purchases 3,000 Shares of Ovintiv (NYSE:OVV) Stock

Ovintiv (NYSE:OVV) CEO Douglas James Suttles acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $11.90 per share, with a total value of $35,700.00.

Douglas James Suttles also recently made the following trade(s):

  • On Monday, February 24th, Douglas James Suttles bought 5,000 shares of Ovintiv stock. The stock was bought at an average price of $14.38 per share, for a total transaction of $71,900.00.

Shares of NYSE:OVV traded down $1.02 during trading on Wednesday, reaching $11.90. 6,332,083 shares of the company’s stock traded hands, compared to its average volume of 3,963,484. Ovintiv has a fifty-two week low of $11.84 and a fifty-two week high of $38.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $3.74 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 0.80 and a beta of 2.07.

Ovintiv (NYSE:OVV) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Ovintiv had a return on equity of 8.52% and a net margin of 3.48%. Sell-side analysts expect that Ovintiv will post 2.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.0938 dividend. This represents a $0.38 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, March 12th. Ovintiv’s payout ratio is currently 11.55%.

Several analysts recently commented on OVV shares. TD Securities dropped their target price on Ovintiv from $29.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, February 21st. CIBC raised Ovintiv from a “sector underperform” rating to a “neutral” rating and set a $22.50 price target for the company in a report on Thursday, February 20th. Canaccord Genuity initiated coverage on Ovintiv in a research report on Thursday, January 30th. They issued a “hold” rating and a $23.75 price objective on the stock. Raymond James upped their price objective on Ovintiv from $5.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Finally, SunTrust Banks dropped their price objective on shares of Ovintiv from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.83.

About Ovintiv

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