A Rising Share Price Has Us Looking Closely At Ovintiv Inc.'s (TSE:OVV) P/E Ratio [Yahoo! Finance News]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Yahoo! Finance News
OvintivTSE:OVVAll else being equal, a sharp share price increase should make a stock less attractive to potential investors. While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. So some would prefer to hold off buying when there is a lot of optimism towards a stock. Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio PE Ratio). A high P/E ratio means that investors have a high expectation about future growth, while a low P/E ratio means they have low expectations about future growth.See our latest analysis for OvintivHow Does Ovintiv's P/E Ratio Compare To Its Peers?We can tell from its P/E ratio of 2.10 that sentiment around Ovintiv isn't particularly high. If you look at the image below, you can see Ovintiv has a lower P/E than the average 9.4) in the oil and gas industry classification.TSX:OVV Price Estimatio
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OVV
News
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at Morgan Stanley from $49.00 to $53.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at Jefferies Financial Group Inc. from $59.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at UBS Group AG from $62.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Are Robust Financials Driving The Recent Rally In Ovintiv Inc.'s (NYSE:OVV) Stock? [Yahoo! Finance]Yahoo! Finance
- Ovintiv Inc. (NYSE: OVV) is now covered by analysts at Barclays PLC. They set an "overweight" rating and a $69.00 price target on the stock.MarketBeat
OVV
Earnings
- 2/27/24 - Beat
OVV
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- OVV's page on the SEC website