Is Ovintiv Stock a Good Investment?
Ovintiv Investment Advice | OVV |
- Examine Ovintiv's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Ovintiv's leadership team and their track record. Good management can help Ovintiv navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Exploration & Production space and any emerging trends that could impact Ovintiv's business and its evolving consumer preferences.
- Compare Ovintiv's performance and market position to its competitors. Analyze how Ovintiv is positioned in terms of product offerings, innovation, and market share.
- Check if Ovintiv pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Ovintiv's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ovintiv stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ovintiv is a good investment.
Sell | Buy |
Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Ovintiv Stock
Researching Ovintiv's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 87.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.03. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Ovintiv has Price/Earnings To Growth (PEG) ratio of 0.11. The entity last dividend was issued on the 14th of March 2025. The firm had 1:5 split on the 27th of January 2020.
To determine if Ovintiv is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Ovintiv's research are outlined below:
| Ovintiv has 6.29 B in debt with debt to equity (D/E) ratio of 0.69, which is OK given its current industry classification. Ovintiv has a current ratio of 0.5, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Ovintiv to invest in growth at high rates of return. | |
| Over 87.0% of Ovintiv shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Ovintiv Inc Stock Price Up 4.7 percent on Mar 17 |
Ovintiv Quarterly Good Will |
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Ovintiv uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Ovintiv. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ovintiv's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Ovintiv's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Ovintiv's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2015-11-12 | 2015-09-30 | -0.18 | -0.15 | 0.03 | 16 | ||
1998-10-19 | 1998-09-30 | 0.25 | 0.18 | -0.07 | 28 | ||
2018-02-15 | 2017-12-31 | 0.52 | 0.6 | 0.08 | 15 | ||
2012-02-17 | 2011-12-31 | 0.4 | 0.3 | -0.1 | 25 | ||
2023-07-27 | 2023-06-30 | 0.82 | 0.93 | 0.11 | 13 | ||
1996-04-25 | 1996-03-31 | 0.75 | 0.86 | 0.11 | 14 | ||
2020-05-07 | 2020-03-31 | -0.02 | 0.1 | 0.12 | 600 | ||
2019-07-31 | 2019-06-30 | 0.93 | 1.05 | 0.12 | 12 |
Ovintiv Target Price Consensus
Ovintiv target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Ovintiv's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 21 | Strong Buy |
Most Ovintiv analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Ovintiv stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Ovintiv, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationOvintiv Target Price Projection
Ovintiv's current and average target prices are 42.36 and 57.99, respectively. The current price of Ovintiv is the price at which Ovintiv is currently trading. On the other hand, Ovintiv's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Ovintiv Target Price
Ovintiv Analyst Ratings
Ovintiv's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Ovintiv stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Ovintiv's financials, market performance, and future outlook by experienced professionals. Ovintiv's historical ratings below, therefore, can serve as a valuable tool for investors.Know Ovintiv's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Ovintiv is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ovintiv backward and forwards among themselves. Ovintiv's institutional investor refers to the entity that pools money to purchase Ovintiv's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of New York Mellon Corp | 2024-12-31 | 2.9 M | Holocene Advisors, Lp | 2024-12-31 | 2.7 M | Northern Trust Corp | 2024-12-31 | 2.6 M | Alyeska Investment Group, L.p. | 2024-12-31 | 2.6 M | T. Rowe Price Associates, Inc. | 2024-12-31 | 2.5 M | Millennium Management Llc | 2024-12-31 | 2.4 M | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 2.2 M | Woodline Partners Lp | 2024-12-31 | 2.2 M | Charles Schwab Investment Management Inc | 2024-12-31 | 1.9 M | Blackrock Inc | 2024-12-31 | 31.3 M | Vanguard Group Inc | 2024-12-31 | 29.5 M |
Ovintiv's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 10.61 B.Market Cap |
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Ovintiv's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.07 | 0.04 | |
| Return On Capital Employed | 0.10 | 0.13 | |
| Return On Assets | 0.06 | 0.04 | |
| Return On Equity | 0.11 | 0.11 |
Determining Ovintiv's profitability involves analyzing its financial statements and using various financial metrics to determine if Ovintiv is a good buy. For example, gross profit margin measures Ovintiv's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Ovintiv's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Ovintiv's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ovintiv. Check Ovintiv's Beneish M Score to see the likelihood of Ovintiv's management manipulating its earnings.
Evaluate Ovintiv's management efficiency
Ovintiv has Return on Asset of 0.0656 % which means that on every $100 spent on assets, it made $0.0656 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1087 %, implying that it generated $0.1087 on every 100 dollars invested. Ovintiv's management efficiency ratios could be used to measure how well Ovintiv manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Ovintiv's Return On Capital Employed is fairly stable compared to the past year. Return On Equity is likely to climb to 0.11 in 2025, whereas Return On Tangible Assets are likely to drop 0.04 in 2025. Total Current Assets is likely to climb to about 2.4 B in 2025, whereas Total Assets are likely to drop slightly above 18.8 B in 2025.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 39.04 | 66.43 | |
| Tangible Book Value Per Share | 29.42 | 52.87 | |
| Enterprise Value Over EBITDA | 4.19 | 4.40 | |
| Price Book Value Ratio | 1.04 | 1.07 | |
| Enterprise Value Multiple | 4.19 | 4.40 | |
| Price Fair Value | 1.04 | 1.07 | |
| Enterprise Value | 12.9 B | 14.1 B |
The leadership approach at Ovintiv's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Basic technical analysis of Ovintiv Stock
As of the 19th of March, Ovintiv holds the Risk Adjusted Performance of 0.0172, semi deviation of 2.68, and Coefficient Of Variation of 8106.63. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ovintiv, as well as the relationship between them. Please check Ovintiv downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if Ovintiv is priced some-what accurately, providing market reflects its current price of 42.36 per share. Given that Ovintiv has jensen alpha of 0.1108, we recommend you to check out Ovintiv's recent market performance to make sure the company can sustain itself at a future point.Ovintiv's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ovintiv insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ovintiv's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ovintiv insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Ovintiv's Outstanding Corporate Bonds
Ovintiv issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ovintiv uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ovintiv bonds can be classified according to their maturity, which is the date when Ovintiv has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Ovintiv's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Ovintiv's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0172 | |||
| Market Risk Adjusted Performance | 0.031 | |||
| Mean Deviation | 1.81 | |||
| Semi Deviation | 2.68 | |||
| Downside Deviation | 2.74 | |||
| Coefficient Of Variation | 8106.63 | |||
| Standard Deviation | 2.41 | |||
| Variance | 5.81 | |||
| Information Ratio | 0.0484 | |||
| Jensen Alpha | 0.1108 | |||
| Total Risk Alpha | 0.2852 | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | 0.021 | |||
| Maximum Drawdown | 13.37 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.03 | |||
| Downside Variance | 7.49 | |||
| Semi Variance | 7.21 | |||
| Expected Short fall | (1.74) | |||
| Skewness | (0.76) | |||
| Kurtosis | 2.06 |
| Risk Adjusted Performance | 0.0172 | |||
| Market Risk Adjusted Performance | 0.031 | |||
| Mean Deviation | 1.81 | |||
| Semi Deviation | 2.68 | |||
| Downside Deviation | 2.74 | |||
| Coefficient Of Variation | 8106.63 | |||
| Standard Deviation | 2.41 | |||
| Variance | 5.81 | |||
| Information Ratio | 0.0484 | |||
| Jensen Alpha | 0.1108 | |||
| Total Risk Alpha | 0.2852 | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | 0.021 | |||
| Maximum Drawdown | 13.37 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.03 | |||
| Downside Variance | 7.49 | |||
| Semi Variance | 7.21 | |||
| Expected Short fall | (1.74) | |||
| Skewness | (0.76) | |||
| Kurtosis | 2.06 |
Consider Ovintiv's intraday indicators
Ovintiv intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ovintiv stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Ovintiv Corporate Filings
F4 | 11th of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 27th of February 2025 An amendment to a previously filed Form 8-K | ViewVerify |
8K | 26th of February 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 12th of February 2025 Other Reports | ViewVerify |
Ovintiv Stock media impact
Far too much social signal, news, headlines, and media speculation about Ovintiv that are available to investors today. That information is available publicly through Ovintiv media outlets and privately through word of mouth or via Ovintiv internal channels. However, regardless of the origin, that massive amount of Ovintiv data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Ovintiv news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Ovintiv relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Ovintiv's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Ovintiv alpha.
Ovintiv Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Ovintiv can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Ovintiv Historical Investor Sentiment
Investor biases related to Ovintiv's public news can be used to forecast risks associated with an investment in Ovintiv. The trend in average sentiment can be used to explain how an investor holding Ovintiv can time the market purely based on public headlines and social activities around Ovintiv. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ovintiv's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ovintiv and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Ovintiv news discussions. The higher the estimate score, the more favorable the investor's outlook on Ovintiv.
Ovintiv Maximum Pain Price Across April 17th 2025 Option Contracts
Ovintiv's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Ovintiv close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Ovintiv's options.
Ovintiv Corporate Management
| Rachel CHRP | Executive Services | Profile | |
| Brendan McCracken | Executive Vice President - Corporate Development and External Relations | Profile | |
| Michael McAllister | President | Profile | |
| Joanne Alexander | Executive Vice President General Counsel, Corporate Secretary | Profile | |
| Renee Zemljak | Executive Vice President of Midstream, Marketing and Fundamentals | Profile |
Additional Tools for Ovintiv Stock Analysis
When running Ovintiv's price analysis, check to measure Ovintiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.