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Ovintiv NYSE:OVV Stock Report

Last Price

US$37.78

Market Cap

US$9.8b

7D

-6.7%

1Y

-13.8%

Updated

20 Dec, 2024

Data

Company Financials +

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US$58.43
FV
35.3% undervalued intrinsic discount
0.33%
Revenue growth p.a.
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3 days ago author updated this narrative

Ovintiv Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ovintiv
Historical stock prices
Current Share PriceUS$37.78
52 Week HighUS$55.95
52 Week LowUS$36.91
Beta2.64
1 Month Change-17.40%
3 Month Change-6.76%
1 Year Change-13.78%
3 Year Change16.43%
5 Year Change63.90%
Change since IPO-34.86%

Recent News & Updates

Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30

Dec 05
Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30

We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt

Nov 23
We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt

Recent updates

Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30

Dec 05
Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30

We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt

Nov 23
We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt

Ovintiv: Better Options Available For Investors

Nov 11

Insufficient Growth At Ovintiv Inc. (NYSE:OVV) Hampers Share Price

Oct 28
Insufficient Growth At Ovintiv Inc. (NYSE:OVV) Hampers Share Price

Investors Will Want Ovintiv's (NYSE:OVV) Growth In ROCE To Persist

Sep 30
Investors Will Want Ovintiv's (NYSE:OVV) Growth In ROCE To Persist

Ovintiv (NYSE:OVV) Will Pay A Dividend Of $0.30

Aug 20
Ovintiv (NYSE:OVV) Will Pay A Dividend Of $0.30

Ovintiv: 2024 Production Guidance Increase, Multi-Frac Technology, And Cheap

Aug 06

Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30

Aug 05
Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30

Ovintiv (NYSE:OVV) Takes On Some Risk With Its Use Of Debt

Jul 31
Ovintiv (NYSE:OVV) Takes On Some Risk With Its Use Of Debt

Why Investors Shouldn't Be Surprised By Ovintiv Inc.'s (NYSE:OVV) Low P/E

Jul 17
Why Investors Shouldn't Be Surprised By Ovintiv Inc.'s (NYSE:OVV) Low P/E

Ovintiv: Increased Full-Year Production Guidance After Its Q1 2024 Results

Jun 13

Ovintiv Inc. (NYSE:OVV) Shares Could Be 24% Below Their Intrinsic Value Estimate

Jun 06
Ovintiv Inc. (NYSE:OVV) Shares Could Be 24% Below Their Intrinsic Value Estimate

Ovintiv's (NYSE:OVV) Dividend Will Be $0.30

May 24
Ovintiv's (NYSE:OVV) Dividend Will Be $0.30

Ovintiv: Better Choices Available In Oil And Gas Sector (Rating Downgrade)

May 23

Ovintiv Inc.'s (NYSE:OVV) CEO Looks Like They Deserve Their Pay Packet

Apr 26
Ovintiv Inc.'s (NYSE:OVV) CEO Looks Like They Deserve Their Pay Packet

We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt

Apr 19
We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt

Ovintiv Inc.'s (NYSE:OVV) Price Is Right But Growth Is Lacking

Apr 05
Ovintiv Inc.'s (NYSE:OVV) Price Is Right But Growth Is Lacking

Ovintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 Billion

Mar 22

Ovintiv (NYSE:OVV) Is Doing The Right Things To Multiply Its Share Price

Mar 21
Ovintiv (NYSE:OVV) Is Doing The Right Things To Multiply Its Share Price

Ovintiv: Still Light On Oil Reserves

Mar 03

Ovintiv Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Mar 01
Ovintiv Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

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

Feb 25
Estimating The Intrinsic Value Of Ovintiv Inc. (NYSE:OVV)

Ovintiv: A Wait-And-See Opportunity With Long-Term Upside

Jan 11

Ovintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)

Nov 09

Ovintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024

Sep 27

Shareholder Returns

OVVUS Oil and GasUS Market
7D-6.7%-5.1%-2.4%
1Y-13.8%2.6%23.3%

Return vs Industry: OVV underperformed the US Oil and Gas industry which returned 1.7% over the past year.

Return vs Market: OVV underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is OVV's price volatile compared to industry and market?
OVV volatility
OVV Average Weekly Movement5.2%
Oil and Gas Industry Average Movement5.4%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: OVV has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: OVV's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20201,743Brendan McCrackenwww.ovintiv.com

Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its 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 capUS$9.82b
Earnings (TTM)US$2.04b
Revenue (TTM)US$9.56b

4.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OVV income statement (TTM)
RevenueUS$9.56b
Cost of RevenueUS$4.62b
Gross ProfitUS$4.94b
Other ExpensesUS$2.90b
EarningsUS$2.04b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)7.84
Gross Margin51.66%
Net Profit Margin21.34%
Debt/Equity Ratio55.2%

How did OVV perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

16%

Payout Ratio

Does OVV pay a reliable dividends?

See OVV dividend history and benchmarks
When do you need to buy OVV by to receive an upcoming dividend?
Ovintiv dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateDec 31 2024
Days until Ex dividend8 days
Days until Dividend pay date10 days

Does OVV pay a reliable dividends?

See OVV dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 04:23
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ovintiv Inc. is covered by 67 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Capital Markets
Ishan MajumdarBaptista Research
Thomas DriscollBarclays