Ovintiv Stock Performance
| OVV Stock | CAD 60.13 0.38 0.63% |
The company holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ovintiv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ovintiv is expected to be smaller as well. At this point, Ovintiv has a negative expected return of -0.0789%. Please make sure to check Ovintiv's kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Ovintiv performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Ovintiv has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Ovintiv is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
Forward Dividend Yield 0.0286 | Payout Ratio | Last Split Factor 1:5 | Forward Dividend Rate 1.72 | Dividend Date 2024-12-31 |
1 | Systematic Financial Management LP Has 22.64 Million Stock Position in Ovintiv Inc. - MarketBeat | 12/05/2024 |
2 | Why Ovintiv Is One of the Most Undervalued Natural Gas Stocks to Buy According to Analysts - Insider Monkey | 12/11/2024 |
3 | Ovintiv FY2024 EPS Forecast Boosted by Capital One Financial - MarketBeat | 01/16/2025 |
4 | Ovintiv Appoints Energy Veteran Terri King to Board - TipRanks | 01/27/2025 |
5 | Ovintiv Completes 2.3B Montney Asset Acquisition in Alberta - Yahoo Finance | 02/04/2025 |
6 | Zacks Industry Outlook Tourmaline, Ovintiv and Arc Resources - Yahoo Finance | 02/10/2025 |
| Begin Period Cash Flow | 5 M |
Ovintiv |
Ovintiv Relative Risk vs. Return Landscape
If you would invest 6,381 in Ovintiv on November 29, 2024 and sell it today you would lose (368.00) from holding Ovintiv or give up 5.77% of portfolio value over 90 days. Ovintiv is producing return of less than zero assuming 2.0106% volatility of returns over the 90 days investment horizon. Simply put, 17% of all stocks have less volatile historical return distribution than Ovintiv, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Ovintiv Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ovintiv's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ovintiv, and traders can use it to determine the average amount a Ovintiv's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0393
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | OVV |
Estimated Market Risk
| 2.01 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ovintiv is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ovintiv by adding Ovintiv to a well-diversified portfolio.
Ovintiv Fundamentals Growth
Ovintiv Stock prices reflect investors' perceptions of the future prospects and financial health of Ovintiv, and Ovintiv fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ovintiv Stock performance.
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0894 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 25.28 B | ||||
| Shares Outstanding | 260.32 M | ||||
| Price To Earning | 5.83 X | ||||
| Price To Book | 1.03 X | ||||
| Price To Sales | 1.64 X | ||||
| Revenue | 10.88 B | ||||
| Gross Profit | 4.94 B | ||||
| EBITDA | 4.8 B | ||||
| Net Income | 2.08 B | ||||
| Cash And Equivalents | 5 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 6.68 B | ||||
| Debt To Equity | 0.84 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 40.92 X | ||||
| Cash Flow From Operations | 4.17 B | ||||
| Earnings Per Share | 10.84 X | ||||
| Market Capitalization | 15.65 B | ||||
| Total Asset | 19.99 B | ||||
| Retained Earnings | 697 M | ||||
| Working Capital | (1.14 B) | ||||
About Ovintiv Performance
By examining Ovintiv's fundamental ratios, stakeholders can obtain critical insights into Ovintiv's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Ovintiv is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.85 | 0.81 | |
| Return On Tangible Assets | 0.12 | 0.14 | |
| Return On Capital Employed | 0.19 | 0.13 | |
| Return On Assets | 0.12 | 0.13 | |
| Return On Equity | 0.11 | 0.11 |
Things to note about Ovintiv performance evaluation
Checking the ongoing alerts about Ovintiv for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ovintiv help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ovintiv generated a negative expected return over the last 90 days | |
| Ovintiv has accumulated 6.68 B in total debt with debt to equity ratio (D/E) of 0.84, which is about average as compared to similar companies. Ovintiv has a current ratio of 0.5, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ovintiv until it has trouble settling it off, either with new capital or with free cash flow. So, Ovintiv's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ovintiv sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ovintiv to invest in growth at high rates of return. When we think about Ovintiv's use of debt, we should always consider it together with cash and equity. | |
| Over 87.0% of Ovintiv shares are owned by institutional investors | |
| Latest headline from news.google.com: Cenovus Energy Issues Earnings Results, Misses Estimates By 0.27 EPS - MarketBeat |
- Analyzing Ovintiv's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ovintiv's stock is overvalued or undervalued compared to its peers.
- Examining Ovintiv's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ovintiv's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ovintiv's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ovintiv's stock. These opinions can provide insight into Ovintiv's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.