Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids.
Adequate balance sheet with proven track record.
Share Price & News
How has Ovintiv's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OVV's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: OVV underperformed the Canadian Oil and Gas industry which returned -24.6% over the past year.
Return vs Market: OVV underperformed the Canadian Market which returned -10.1% over the past year.
Price Volatility Vs. Market
How volatile is Ovintiv's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIs Ovintiv (TSE:OVV) A Risky Investment?
2 weeks ago | Simply Wall StBullish: Analysts Just Made An Upgrade To Their Ovintiv Inc. (TSE:OVV) Forecasts
3 weeks ago | Simply Wall StIs Ovintiv Inc.’s (TSE:OVV) 11% ROCE Any Good?
Is Ovintiv undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OVV (CA$11.79) is trading above our estimate of fair value (CA$4.97)
Significantly Below Fair Value: OVV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OVV is good value based on its PE Ratio (2.6x) compared to the Oil and Gas industry average (14x).
PE vs Market: OVV is good value based on its PE Ratio (2.6x) compared to the Canadian market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: OVV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: OVV is good value based on its PB Ratio (0.2x) compared to the CA Oil and Gas industry average (0.7x).
How is Ovintiv forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OVV's earnings are forecast to decline over the next 3 years (-14.3% per year).
Earnings vs Market: OVV's earnings are forecast to decline over the next 3 years (-14.3% per year).
High Growth Earnings: OVV's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OVV's revenue is expected to decline over the next 3 years (-15.7% per year).
High Growth Revenue: OVV's revenue is forecast to decline over the next 3 years (-15.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OVV is forecast to be unprofitable in 3 years.
How has Ovintiv performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OVV has high quality earnings.
Growing Profit Margin: OVV's current net profit margins (12.8%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: OVV has become profitable over the past 5 years, growing earnings by 53.8% per year.
Accelerating Growth: OVV's earnings growth over the past year (32.7%) is below its 5-year average (53.8% per year).
Earnings vs Industry: OVV earnings growth over the past year (32.7%) exceeded the Oil and Gas industry -16.2%.
Return on Equity
High ROE: OVV's Return on Equity (8.8%) is considered low.
How is Ovintiv's financial position?
Financial Position Analysis
Short Term Liabilities: OVV's short term assets ($2.2B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: OVV's short term assets ($2.2B) do not cover its long term liabilities ($9.2B).
Debt to Equity History and Analysis
Debt Level: OVV's debt to equity ratio (68.7%) is considered high.
Reducing Debt: OVV's debt to equity ratio has reduced from 75.9% to 68.7% over the past 5 years.
Debt Coverage: OVV's debt is well covered by operating cash flow (42.2%).
Interest Coverage: OVV's interest payments on its debt are well covered by EBIT (4.7x coverage).
What is Ovintiv's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: OVV's dividend (4.3%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: OVV's dividend (4.3%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).
Stability and Growth of Payments
Stable Dividend: OVV's dividend payments have been volatile in the past 10 years.
Growing Dividend: OVV's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11%), OVV's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OVV's dividends in 3 years are forecast to be well covered by earnings (49.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doug Suttles (58yo)
Mr. Douglas James Suttles, also known as Doug, has been the Chief Executive Officer of Ovintiv Inc. (Formerly known as Encana Corporation) since June 10, 2013 and also served as its President. Mr. Suttles ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD12.57M) is above average for companies of similar size in the Canadian market ($USD2.08M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
|CEO & Director||7yrs||US$12.57m||0.034% $1.1m|
|Executive VP & CFO||1.08yrs||US$1.91m||0.0070% $215.3k|
|Executive Vice President of Midstream||10.58yrs||US$2.69m||0.0025% $77.2k|
|Executive Vice President of Land & Exploration||no data||US$2.61m||0.0039% $117.9k|
|Executive VP & COO||0.75yr||no data||no data|
|Senior Vice President of Investor Relations||no data||no data||0.022% $666.3k|
|Executive VP||5.42yrs||no data||0.0040% $121.0k|
|Vice-President of Communications||no data||no data||no data|
|Executive Vice President of Corporate Development & External Affairs||0.75yr||no data||0.0040% $124.1k|
Experienced Management: OVV's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|CEO & Director||7yrs||US$12.57m||0.034% $1.1m|
|Independent Director||10.08yrs||US$235.38k||0.0026% $80.9k|
|Independent Director||10.33yrs||US$225.27k||0.0077% $235.9k|
|Independent Director||10.08yrs||US$245.38k||0.040% $1.2m|
|Independent Director||1.33yrs||US$218.59k||0.060% $1.8m|
|Independent Director||7.33yrs||US$225.38k||0.0066% $202.8k|
|Independent Chairman of the Board||6.92yrs||US$400.38k||0.030% $918.1k|
|Independent Director||5.5yrs||US$225.38k||0.0047% $143.4k|
|Independent Director||10.42yrs||US$240.38k||0.0032% $98.3k|
|Independent Director||6yrs||US$235.38k||0.0093% $285.5k|
Experienced Board: OVV's board of directors are considered experienced (7.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OVV insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ovintiv Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ovintiv Inc.
- Ticker: OVV
- Exchange: TSX
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$3.063b
- Shares outstanding: 259.82m
- Website: https://www.ovintiv.com
Number of Employees
- Ovintiv Inc.
- 370 17th Street
- Suite 1700
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OVV||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 1972|
|OVV||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Dec 1972|
|47Q||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1972|
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. 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. Its other upstream assets comprise Eagle Ford in south Texas, Bakken in North Dakota, and Uinta in central Utah; and Duvernay in west central Alberta, Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke in offshore Nova Scotia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. is based in Denver, Colorado.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 02:28|
|End of Day Share Price||2020/06/04 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.