Ovintiv Inc. (TSX:OVV) Stock Price & Quote Analysis

OVV Stock Overview

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids.

OVV fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	3/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 6.3% below our estimate of its fair value

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 5.3% per year for the next 3 years

High level of non-cash earnings

Has a high level of debt

Unstable dividend track record

+ 1 more risk

My Notes

New

Notes are coming soon

Ovintiv Inc. Competitors

Tourmaline Oil

TSX:TOU

CA$21.9b

MEG Energy

TSX:MEG

CA$6.3b

PrairieSky Royalty

TSX:PSK

CA$5.5b

Whitecap Resources

TSX:WCP

CA$6.9b

Price History & Performance

Summary of all time highs, changes and price drops for Ovintiv
Historical stock prices
Current Share Price	CA$68.27
52 Week High	CA$79.28
52 Week Low	CA$47.73
Beta	3.74
1 Month Change	-0.42%
3 Month Change	-1.04%
1 Year Change	40.01%
3 Year Change	231.09%
5 Year Change	-4.78%
Change since IPO	89.97%

A Look At The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)

Jan 03

Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly

Dec 12

Recent updates

New Forecasts: Here's What Analysts Think The Future Holds For Ovintiv Inc. (TSE:OVV)

Feb 28

Ovintiv Inc.'s (TSE:OVV) Intrinsic Value Is Potentially 70% Above Its Share Price

Feb 15

Does Ovintiv (TSE:OVV) Have A Healthy Balance Sheet?

Jan 04

Ovintiv (TSE:OVV) Has A Somewhat Strained Balance Sheet

Oct 01

Ovintiv Inc. (TSE:OVV) Shares Could Be 43% Below Their Intrinsic Value Estimate

Jul 29

Is Ovintiv (TSE:OVV) Using Too Much Debt?

May 28

Estimating The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)

Mar 28

Four Days Left To Buy Ovintiv Inc. (TSE:OVV) Before The Ex-Dividend Date

Mar 07

Here's How We Evaluate Ovintiv Inc.'s (TSE:OVV) Dividend

Mar 01

What Type Of Shareholders Make Up Ovintiv Inc.'s (TSE:OVV) Share Registry?

Feb 08

Ovintiv Inc. (TSE:OVV) Insiders Increased Their Holdings

Jan 18

Here's Why Ovintiv (TSE:OVV) Is Weighed Down By Its Debt Load

Dec 28

If You Had Bought Ovintiv's (TSE:OVV) Shares Three Years Ago You Would Be Down 74%

Dec 11

Shareholder Returns

	OVV	CA Oil and Gas	CA Market
7D	1.7%	1.0%	0.6%
1Y	40.0%	18.4%	-0.6%

Return vs Industry: OVV exceeded the Canadian Oil and Gas industry which returned 18.4% over the past year.

Return vs Market: OVV exceeded the Canadian Market which returned -0.6% over the past year.

Price Volatility

Is OVV's price volatile compared to industry and market?
OVV volatility
OVV Average Weekly Movement	6.8%
Oil and Gas Industry Average Movement	8.3%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	19.2%
10% least volatile stocks in CA Market	3.9%

Stable Share Price: OVV is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: OVV's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	1,713	Brendan McCracken	https://www.ovintiv.com

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company’s principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.

Ovintiv Inc. Fundamentals Summary

How do Ovintiv's earnings and revenue compare to its market cap?
OVV fundamental statistics
Market Cap	CA$16.95b
Earnings (TTM)	CA$4.91b
Revenue (TTM)	CA$18.76b

3.5x

P/E Ratio

0.9x

P/S Ratio

Is OVV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OVV income statement (TTM)
Revenue	US$14.09b
Cost of Revenue	US$6.83b
Gross Profit	US$7.26b
Other Expenses	US$3.57b
Earnings	US$3.69b

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

Feb 27, 2023

Earnings per share (EPS)	14.85
Gross Margin	51.51%
Net Profit Margin	26.16%
Debt/Equity Ratio	55.2%

How did OVV perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

6%

Payout Ratio

OVV Stock Overview

Rewards

Risk Analysis

Ovintiv Inc. Competitors

TSX:TOU

CA$21.9b

TSX:MEG

CA$6.3b

TSX:PSK

CA$5.5b

TSX:WCP

CA$6.9b

Price History & Performance

Recent News & Updates

Ovintiv Inc. to Report Q4, 2022 Results on Feb 27, 2023

A Look At The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)

Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.25 per share

President exercised options and sold CA$211k worth of stock

Recent updates

Ovintiv Inc. to Report Q4, 2022 Results on Feb 27, 2023

A Look At The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)

Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.25 per share

President exercised options and sold CA$211k worth of stock

President exercised options and sold CA$963k worth of stock

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Ovintiv Inc. Provides Production Guidance for the Fourth Quarter and Full Year of 2022

Now 21% undervalued

Ovintiv Inc. to Report Q3, 2022 Results on Nov 08, 2022

Investor sentiment deteriorated over the past week

Ovintiv Inc. (TSE:OVV) Shares Could Be 43% Below Their Intrinsic Value Estimate

Executive VP & COO exercised options and sold CA$528k worth of stock

Upcoming dividend of US$0.25 per share

Ovintiv Names Ralph Izzo to Its Board of Directors

Does Ovintiv (TSE:OVV) Have A Healthy Balance Sheet?

Consensus revenue estimates increase by 14%

President exercised options and sold CA$1.3m worth of stock

Broker Revenue Forecasts For Ovintiv Inc. (TSE:OVV) Are Surging Higher

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Ovintiv Inc. Provides Earning Guidance for the Third and Fourth Quarter and Full Year of 2022

Ovintiv Inc. Declares Quarterly Dividend, Payable on September 30, 2022

Ovintiv Inc. to Report Q2, 2022 Results on Aug 03, 2022

Insider exercised options and sold CA$434k worth of stock

Investor sentiment deteriorated over the past week

Ovintiv Inc.(NYSE:OVV) dropped from Russell 2000 Dynamic Index

Investor sentiment deteriorated over the past week

Insider exercised options and sold CA$156k worth of stock

Upcoming dividend of US$0.25 per share

Independent Director recently sold CA$269k worth of stock

Independent Director recently sold CA$269k worth of stock

Investor sentiment improved over the past week

Is Ovintiv (TSE:OVV) A Risky Investment?

Executive VP & CFO exercised options and sold CA$733k worth of stock

Ovintiv Inc. Provides Production Guidance for the Second Quarter, Second Half and Full Year of 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Ovintiv Declares Quarterly Dividend, Payable on June 30, 2022

Consensus EPS estimates increase by 11%

Ovintiv Inc. to Report Q1, 2022 Results on May 09, 2022

High number of new directors

Investor sentiment improved over the past week

Independent Director recently sold CA$134k worth of stock

Consensus EPS estimates increase by 11%

Consensus revenue estimates increase by 12%

Upcoming dividend of US$0.20 per share

Executive Vice President of Midstream exercised options and sold CA$1.3m worth of stock

Investors Shouldn't Be Too Comfortable With Ovintiv's (TSE:OVV) Robust Earnings

Investor sentiment improved over the past week

New Forecasts: Here's What Analysts Think The Future Holds For Ovintiv Inc. (TSE:OVV)

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Ovintiv Inc. Provides Production Guidance for the First Quarter and Full Year 2022

Ovintiv Inc.'s (TSE:OVV) Intrinsic Value Is Potentially 70% Above Its Share Price

Ovintiv Inc., Annual General Meeting, May 04, 2022

Does Ovintiv (TSE:OVV) Have A Healthy Balance Sheet?

Upcoming dividend of US$0.14 per share

Third quarter 2021 earnings released: US$0.28 loss per share (vs US$5.86 loss in 3Q 2020)

Ovintiv (TSE:OVV) Has A Somewhat Strained Balance Sheet