Ovintiv Stock Today
| OVV Stock | CAD 64.00 0.16 0.25% |
Performance8 of 100
| Odds Of DistressLess than 30
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Ovintiv is selling at 64.00 as of the 29th of November 2024; that is 0.25 percent increase since the beginning of the trading day. The stock's open price was 63.84. Ovintiv has about a 30 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Ovintiv are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2024 and ending today, the 29th of November 2024. Click here to learn more.
Business Domain Energy |
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. OVINTIV INC operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 260.32 M outstanding shares of which 1.93 M shares are now shorted by private and institutional investors with about 12.21 days to cover all short positions. More on Ovintiv
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Ovintiv Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ovintiv's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ovintiv or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Ovintiv's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ovintiv's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO President | Brendan McCracken | ||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Ovintiv's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ovintiv's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsOvintiv can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ovintiv's financial leverage. It provides some insight into what part of Ovintiv's total assets is financed by creditors.
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Ovintiv (OVV) is traded on Toronto Exchange in Canada and employs 1,743 people. Ovintiv is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 16.66 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ovintiv's market, we take the total number of its shares issued and multiply it by Ovintiv's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ovintiv operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 260.32 M outstanding shares of which 1.93 M shares are now shorted by private and institutional investors with about 12.21 days to cover all short positions.
Ovintiv has accumulated about 5 M in cash with 4.17 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
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Ownership AllocationOvintiv owns a total of 260.32 Million outstanding shares. The majority of Ovintiv outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Ovintiv to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ovintiv. Please pay attention to any change in the institutional holdings of Ovintiv as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Ovintiv Risk Profiles
Although Ovintiv's alpha and beta are two of the key measurements used to evaluate Ovintiv's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.67 | |||
| Semi Deviation | 2.06 | |||
| Standard Deviation | 2.27 | |||
| Variance | 5.15 |
Ovintiv Stock Against Markets
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Ovintiv Corporate Management
Elected by the shareholders, the Ovintiv's board of directors comprises two types of representatives: Ovintiv inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ovintiv. The board's role is to monitor Ovintiv's management team and ensure that shareholders' interests are well served. Ovintiv's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ovintiv's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Meghan Eilers | Executive Counsel | Profile | |
| Jason Verhaest | VP Relations | Profile | |
| Rachel CHRP | Executive Services | Profile | |
| Renee Zemljak | Marketing Midstream | Profile |
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.