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.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$56.85|
|52 Week High||CA$73.50|
|52 Week Low||CA$28.10|
|1 Month Change||-15.31%|
|3 Month Change||10.13%|
|1 Year Change||75.73%|
|3 Year Change||26.90%|
|5 Year Change||-25.64%|
|Change since IPO||58.19%|
Recent News & Updates
|OVV||CA Oil and Gas||CA Market|
Return vs Industry: OVV exceeded the Canadian Oil and Gas industry which returned 53.7% over the past year.
Return vs Market: OVV exceeded the Canadian Market which returned 4.2% over the past year.
|OVV Average Weekly Movement||8.7%|
|Oil and Gas Industry Average Movement||10.2%|
|Market Average Movement||9.6%|
|10% most volatile stocks in CA Market||16.4%|
|10% least volatile stocks in CA Market||4.2%|
Stable Share Price: OVV is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: OVV's weekly volatility (9%) has been stable over the past year.
About the Company
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 Fundamentals Summary
|OVV fundamental statistics|
Is OVV overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|OVV income statement (TTM)|
|Cost of Revenue||US$5.95b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||3.35|
|Net Profit Margin||7.45%|
How did OVV perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Does OVV pay a reliable dividends?See OVV dividend history and benchmarks
|Ovintiv dividend dates|
|Ex Dividend Date||Jun 14 2022|
|Dividend Pay Date||Jun 30 2022|
|Days until Ex dividend||28 days|
|Days until Dividend pay date||44 days|
Does OVV pay a reliable dividends?See OVV dividend history and benchmarks
Is Ovintiv undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OVV (CA$56.85) is trading below our estimate of fair value (CA$154.83)
Significantly Below Fair Value: OVV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OVV is poor value based on its PE Ratio (13.1x) compared to the Canadian Oil and Gas industry average (7.9x).
PE vs Market: OVV is poor value based on its PE Ratio (13.1x) compared to the Canadian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: OVV is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: OVV is overvalued based on its PB Ratio (2.4x) compared to the CA Oil and Gas industry average (1.9x).
How is Ovintiv forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OVV's forecast earnings growth (29.9% per year) is above the savings rate (1.6%).
Earnings vs Market: OVV's earnings (29.9% per year) are forecast to grow faster than the Canadian market (7.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: OVV's revenue (2.4% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: OVV's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OVV's Return on Equity is forecast to be high in 3 years time (37.2%)
How has Ovintiv performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OVV has high quality earnings.
Growing Profit Margin: OVV became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: OVV has become profitable over the past 5 years, growing earnings by -38.2% per year.
Accelerating Growth: OVV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: OVV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (185%).
Return on Equity
High ROE: OVV's Return on Equity (18.5%) is considered low.
How is Ovintiv's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: OVV's short term assets ($2.2B) do not cover its short term liabilities ($4.0B).
Long Term Liabilities: OVV's short term assets ($2.2B) do not cover its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: OVV's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: OVV's debt to equity ratio has increased from 63.3% to 101.9% over the past 5 years.
Debt Coverage: OVV's debt is well covered by operating cash flow (62.6%).
Interest Coverage: OVV's interest payments on its debt are well covered by EBIT (3.5x coverage).
What is Ovintiv current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: OVV's dividend (1.82%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.9%).
High Dividend: OVV's dividend (1.82%) is low compared to the top 25% of dividend payers in the Canadian market (5.01%).
Stability and Growth of Payments
Stable Dividend: OVV's dividend payments have been volatile in the past 10 years.
Growing Dividend: OVV's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.2%), OVV's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (15.4%), OVV's dividend payments are well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brendan McCracken (45 yo)
Mr. Brendan Michael McCracken serves as President of Ovintiv Inc. since December 2020 and serves as its Chief Executive Officer and Director since August 1, 2021 and served as Executive Vice President of C...
CEO Compensation Analysis
Compensation vs Market: Brendan's total compensation ($USD8.63M) is about average for companies of similar size in the Canadian market ($USD7.24M).
Compensation vs Earnings: Brendan's compensation has been consistent with company performance over the past year.
Experienced Management: OVV's management team is considered experienced (2.7 years average tenure).
Experienced Board: OVV's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OVV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ovintiv Inc.'s employee growth, exchange listings and data sources
- Name: Ovintiv Inc.
- Ticker: OVV
- Exchange: TSX
- Founded: 2020
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$15.054b
- Shares outstanding: 258.13m
- Website: https://www.ovintiv.com
Number of Employees
- Ovintiv Inc.
- 370 17th Street
- Suite 1700
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/16 00:00|
|End of Day Share Price||2022/05/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.