OVV - Ovintiv Inc Stock Price, Fair Value and News

49.95USD-0.95 (-1.87%)Market Closed

Market Summary

USD49.95-0.95

Market Closed

-1.87%

OVV Stock Price

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OVV RSI Chart

OVV Valuation

Market Cap

13.6B

Price/Earnings (Trailing)

7.02

Price/Sales (Trailing)

1.3

EV/EBITDA

4.02

Price/Free Cashflow

13.16

OVV Price/Sales (Trailing)

OVV Profitability

EBT Margin

22.31%

Return on Equity

18.87%

Return on Assets

9.76%

Free Cashflow Yield

7.6%

OVV Fundamentals

OVV Revenue

Revenue (TTM)

10.4B

Rev. Growth (Yr)

-9.26%

Rev. Growth (Qtr)

-16.12%

OVV Earnings

Earnings (TTM)

1.9B

Earnings Growth (Yr)

-30.6%

Earnings Growth (Qtr)

-60.51%

Breaking Down OVV Revenue

52 Week Range

32.0751.28

(Low)(High)

Last 7 days

-0.3%

Last 30 days

-8.4%

Last 90 days

22.5%

Trailing 12 Months

48.8%

How does OVV drawdown profile look like?

OVV Financial Health

Current Ratio

0.52

Debt/Equity

0.53

Debt/Cashflow

0.69

OVV Investor Care

Dividend Yield

2.36%

Dividend/Share (TTM)

1.2

Shares Dilution (1Y)

9.18%

Diluted EPS (TTM)

7.2

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	10.4B	0	0	0
2023	13.4B	11.8B	11.1B	10.7B
2022	11.6B	13.2B	14.1B	14.3B
2021	5.6B	7.1B	8.5B	10.5B
2020	8.3B	7.4B	7.0B	6.0B
2019	5.8B	6.2B	6.5B	6.8B
2018	0	0	0	5.5B
2017	0	0	0	3.9B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Ovintiv Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	zemljak renee ellen	sold	-3,886,410	50.96	-76,264	evp, midstream, mrktg & fndmtl
Mar 12, 2024	zemljak renee ellen	acquired	359,396	35.8	10,039	evp, midstream, mrktg & fndmtl
Mar 12, 2024	zemljak renee ellen	back to issuer	-508,174	50.62	-10,039	evp, midstream, mrktg & fndmtl
Mar 08, 2024	mcintire lee a	acquired	-	-	7,877	-
Mar 08, 2024	dea peter a	acquired	-	-	14,003	-
Mar 08, 2024	moore rachel maureen	sold (taxes)	-361,594	49.82	-7,258	evp, corporate services
Mar 08, 2024	ricks thomas g	acquired	-	-	8,402	-
Mar 08, 2024	moore rachel maureen	acquired	-	-	35,992	evp, corporate services
Mar 08, 2024	mccracken brendan michael	back to issuer	-3,627,600	49.45	-73,359	president & ceo
Mar 08, 2024	moore rachel maureen	back to issuer	-1,039,990	49.82	-20,875	evp, corporate services

Which funds bought or sold OVV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	Russell Investments Group, Ltd.	added	10.99	3,530,200	14,874,700	0.02%
May 08, 2024	Bleakley Financial Group, LLC	new	-	213,728	213,728	0.01%
May 08, 2024	PROFUND ADVISORS LLC	added	21.26	156,776	518,896	0.02%
May 08, 2024	Entropy Technologies, LP	reduced	-44.88	-169,021	315,812	0.03%
May 08, 2024	COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	reduced	-0.19	441,247	2,900,900	0.02%
May 08, 2024	Bell Investment Advisors, Inc	unchanged	-	463	3,011	-%
May 08, 2024	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	added	5.56	-1,244,780	8,125,680	0.02%
May 08, 2024	KBC Group NV	added	74.88	3,368,000	6,527,000	0.02%
May 08, 2024	STEVENS CAPITAL MANAGEMENT LP	new	-	365,000	365,000	0.07%
May 08, 2024	Independent Advisor Alliance	new	-	211,504	211,504	0.01%

Are Funds Buying or Selling OVV?

Are funds buying OVV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OVV

No. of Funds

Unveiling Ovintiv Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 11, 2024	vanguard group inc	10.07%	27,138,130	SC 13G/A
Feb 13, 2024	dodge & cox	8.4%	22,955,251	SC 13G/A
Feb 13, 2024	vanguard group inc	9.90%	27,030,413	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	blackrock inc.	10.5%	28,420,951	SC 13G/A
Nov 30, 2023	wilmington trust, national association	2.72%	7,377,596	SC 13G/A
Oct 10, 2023	wilmington trust, national association	6.15%	16,777,596	SC 13G/A
Oct 06, 2023	blackrock inc.	10.3%	28,218,459	SC 13G/A
Jun 23, 2023	wilmington trust, national association	11.5%	31,777,596	SC 13G
Apr 10, 2023	dodge & cox	11.1%	27,016,020	SC 13G/A

Recent SEC filings of Ovintiv Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
May 07, 2024	8-K	Current Report
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading

Peers (Alternatives to Ovintiv Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	467.2B	341.1B	-2.21%	9.99%	14.25	1.37	-16.75%	-46.83%
CVX	305.6B	198.9B	2.14%	5.33%	15.06	1.54	-18.05%	-43.28%
OXY	57.0B	27.7B	-6.27%	13.02%	13.18	2.06	-22.75%	-55.41%
MRO	15.3B	6.6B	-7.17%	19.89%	10.69	2.31	-15.57%	-47.38%
CHK	11.6B	6.4B	-1.79%	13.64%	10.96	1.8	-54.63%	-85.10%
MID-CAP
RRC	9.0B	2.2B	1.91%	47.15%	18.59	4.08	-62.59%	-77.29%
HP	3.9B	2.7B	-8.87%	25.78%	10.99	1.41	2.93%	8.77%
CNX	3.6B	2.5B	-3.50%	52.68%	3.57	1.43	-6.59%	-31.79%
KOS	2.9B	1.7B	-0.64%	-0.96%	13.13	1.69	-15.13%	-28.06%
CPE	2.4B	2.1B	12.10%	1.07%	5.93	1.13	-35.04%	-60.65%
SMALL-CAP
AMPY	262.2M	304.0M	-4.88%	-3.21%	8.57	0.86	-28.78%	-93.34%
AMTX	182.5M	257.2M	-16.19%	136.42%	-4.12	0.71	7.59%	61.82%
BATL	96.3M	220.8M	-18.34%	-11.63%	-31.58	0.44	-38.52%	-116.44%
AE	73.1M	2.8B	-4.35%	-14.79%	42.7	0.03	-15.01%	137.22%
BRN	27.7M	23.9M	11.74%	2.99%	-10.2	1.16	-21.86%	-149.09%

Ovintiv Inc News

Latest updates

Ovintiv Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-16.1%	2,352	2,804	2,913	2,352	2,592	3,199	3,643	4,014	3,407	3,028	2,720	2,473	2,247	1,054	1,326	1,023	2,643	1,991	1,771	1,848	1,235
Costs and Expenses	-6.1%	1,858	1,978	2,182	1,986	1,873	2,048	2,176	2,220	2,167	1,894	1,789	1,813	1,643	2,119	2,696	4,785	1,884	1,593	1,556	1,517	1,462
S&GA Expenses	-100.0%	-	87.00	80.00	168	58.00	104	103	71.00	144	96.00	101	123	122	98.00	79.00	165	53.00	100	81.00	81.00	227
EBITDA Margin	3.3%	0.45*	0.44*	0.40*	0.43*	0.44*	0.35*	0.37*	0.30*	0.20*	0.26*	0.10*	-0.07*	-	-	-	-	-	-	-	-	-
Interest Expenses	-7.5%	98.00	106	98.00	80.00	71.00	63.00	83.00	91.00	74.00	77.00	77.00	99.00	87.00	92.00	97.00	86.00	96.00	97.00	99.00	99.00	87.00
Income Taxes	-57.3%	90.00	211	-13.00	101	126	-225	88.00	65.00	-5.00	-2.00	1.00	-	-176	-28.00	-39.00	294	140	-62.00	43.00	161	-61.00
Earnings Before Taxes	-59.9%	428	1,067	393	437	613	1,110	1,274	1,422	-246	1,382	-71.00	-205	133	-642	-1,560	-4,089	561	-68.00	192	497	-306
EBT Margin	-5.2%	0.22*	0.24*	0.23*	0.29*	0.33*	0.25*	0.27*	0.19*	0.07*	0.12*	-0.09*	-0.32*	-	-	-	-	-	-	-	-	-
Net Income	-60.5%	338	856	406	336	487	1,335	1,186	1,357	-241	1,384	-72.00	-205	309	-614	-1,521	-4,383	421	-6.00	149	336	-245
Net Income Margin	-5.0%	0.19*	0.20*	0.23*	0.28*	0.32*	0.25*	0.26*	0.18*	0.07*	0.14*	-0.07*	-0.29*	-	-	-	-	-	-	-	-	-
Free Cashflow	-90.3%	68.00	702	72.00	191	458	517	451	833	234	319	447	367	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Assets	-0.8%	19,834	19,987	19,900	19,519	15,123	15,056	14,374	14,923	14,900	14,055	13,636	13,767	14,534	14,469	15,157	16,795	21,505	21,487	15,344
Current Assets	-13.4%	1,452	1,676	1,581	1,479	1,395	1,695	1,702	2,030	2,168	1,587	1,328	1,443	1,239	1,247	1,219	1,474	2,241	1,869	2,676
Cash Equivalents	66.7%	5.00	3.00	3.00	52.00	26.00	5.00	18.00	8.00	271	195	8.00	122	9.00	10.00	32.00	39.00	103	190	1,058
Net PPE	1.1%	14,808	14,640	14,515	14,217	9,911	9,468	9,053	9,194	8,983	8,761	8,590	8,535	9,514	9,450	10,223	11,636	15,080	15,191	8,972
Goodwill	-0.6%	2,583	2,599	2,585	2,598	2,584	2,584	2,576	2,617	2,638	2,628	2,624	2,643	2,633	2,625	2,594	2,580	2,555	2,611	2,553
Liabilities	-0.5%	9,572	9,617	10,348	10,203	7,229	7,367	7,824	9,102	10,216	8,981	9,839	9,833	10,400	10,632	10,805	10,922	11,314	11,557	7,897
Current Liabilities	-1.0%	2,783	2,812	3,543	3,310	2,632	2,780	3,309	3,991	3,983	2,748	3,351	3,366	3,461	2,423	1,749	1,653	2,160	2,432	2,016
Long Term Debt	0%	5,453	5,453	5,454	5,454	3,176	3,177	3,178	3,687	4,775	4,786	4,791	4,796	5,300	6,367	7,142	7,366	7,006	6,974	3,698
LT Debt, Current	162.3%	745	284	709	680	580	393	440	215	-	-	-	518	1,118	518	-	-	-	-	500
LT Debt, Non Current	-100.0%	-	5,453	5,454	5,454	3,176	3,177	3,178	3,687	4,775	4,786	4,791	4,796	5,300	6,367	7,142	7,366	7,006	6,974	3,698
Shareholder's Equity	-1.0%	10,262	10,370	9,552	9,316	7,894	7,689	6,550	5,821	4,684	5,074	3,797	3,934	4,134	3,837	4,352	5,873	10,191	9,930	7,447
Retained Earnings	37.0%	955	697	-77.00	-401	-655	-1,081	-2,355	-3,479	-4,772	-4,479	-5,827	-5,718	-5,488	-5,773	-5,135	-3,590	818	421	435
Additional Paid-In Capital	-3.4%	8,331	8,620	8,644	8,671	7,555	7,776	7,939	8,239	8,334	8,458	8,553	8,532	8,525	8,531	8,460	8,460	8,460	1,402	1,358
Accumulated Depreciation	0.4%	52,023	51,837	50,935	50,775	50,017	49,640	49,180	49,842	50,058	49,561	49,208	49,352	48,811	48,306	46,485	44,489	40,184	40,637	38,121
Shares Outstanding	-1.5%	268	272	273	274	245	246	256	257	257	258	261	261	-	-	-	-	-	-	-
Float	-	-	-	-	10,426	-	-	-	11,307	-	-	-	8,216	-	-	-	2,448	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-51.6%	659	1,362	906	831	1,068	875	962	1,344	685	740	812	750	827	719	493	117	566	730	756	906	529
Cashflow From Investing	4.2%	-761	-794	-854	-3,008	-863	-591	-264	-514	-417	-405	-367	568	-321	-447	-245	-517	-655	-591	-562	-795	-608
Cashflow From Financing	118.1%	102	-562	-101	2,206	-184	-297	-689	-1,089	-193	-148	-557	-1,207	-507	-294	-256	335	9.00	-88.00	-280	-422	-448
Dividend Payments	-100.0%	-	82.00	82.00	82.00	61.00	61.00	62.00	64.00	52.00	36.00	37.00	25.00	24.00	24.00	24.00	25.00	24.00	25.00	24.00	25.00	28.00
Buy Backs	371.7%	250	53.00	45.00	89.00	239	188	325	135	71.00	111	-	-	-	-	-	-	-	-	213	637	400

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OVV Income Statement

2024-03-31

Condensed Consolidated Statement of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Product and service revenues	$ 2,387	$ 2,592
Gains (losses) on risk management, net	(54)	(58)
Sublease revenues	19	17
Total Revenues	2,352	2,551
Operating Expenses
Production, mineral and other taxes	83	84
Transportation and processing	419	455
Operating	243	206
Purchased product	440	701
Depreciation, depletion and amortization	566	364
Accretion of asset retirement obligation	5	5
Administrative	102	58
Total Operating Expenses	1,858	1,873
Operating Income (Loss)	494	678
Other (Income) Expenses
Interest	98	71
Foreign exchange (gain) loss, net	(28)	(3)
Other (gains) losses, net	(4)	(3)
Total Other (Income) Expenses	66	65
Net Earnings (Loss) Before Income Tax	428	613
Income tax expense (recovery)	90	126
Net Earnings (Loss)	$ 338	$ 487
Net Earnings (Loss) per Share of Common Stock
Basic	$ 1.25	$ 1.99
Diluted	$ 1.24	$ 1.97
Weighted Average Shares of Common Stock Outstanding (millions)
Basic	269.7	244.3
Diluted	272.3	247.7

OVV Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 5	$ 3
Accounts receivable and accrued revenues (net of allowances of $5 million (2023: $5 million))	1,270	1,442
Risk management	146	214
Income tax receivable	31	17
Total Current Assets	1,452	1,676
Oil and natural gas properties, based on full cost accounting
Proved properties	64,586	64,084
Unproved properties	1,340	1,486
Other	905	907
Property, plant and equipment	66,831	66,477
Less: Accumulated depreciation, depletion and amortization	(52,023)	(51,837)
Property, plant and equipment, net	14,808	14,640
Other Assets	991	1,015
Risk Management	0	4
Deferred Income Taxes	0	53
Goodwill	2,583	2,599
Total Assets	19,834	19,987
Current Liabilities
Accounts payable and accrued liabilities	1,920	2,209
Current portion of operating lease liabilities	78	87
Income tax payable	10	232
Risk management	30	0
Current portion of long-term debt	745	284
Total Current Liabilities	2,783	2,812
Long-Term Debt	5,453	5,453
Operating Lease Liabilities	818	832
Other Liabilities and Provisions	128	132
Risk Management	8	2
Asset Retirement Obligation	269	276
Deferred Income Taxes	113	110
Total Liabilities	9,572	9,617
Commitments and Contingencies
Shareholders’ Equity
Share capital - authorized 775 million shares of stock 2024 issued and outstanding: 267.6 million shares (2023: 271.7 million shares)	3	3
Paid in surplus	8,331	8,620
Retained earnings	955	697
Accumulated other comprehensive income	973	1,050
Total Shareholders’ Equity	10,262	10,370
Total Liabilities and Shareholders' Equity	$ 19,834	$ 19,987

About Ovintiv Inc

Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. It operates through USA Operations, Canadian Operations, and Market Optimization segments. 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 Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.

CEO	Mr. Brendan Michael McCracken
WEBSITE	ovintiv.com
INDUSTRY	Oil - E&P

Ovintiv Inc Frequently Asked Questions

What is the ticker symbol for Ovintiv Inc? What does OVV stand for in stocks?

OVV is the stock ticker symbol of Ovintiv Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ovintiv Inc (OVV)?

As of Thu May 09 2024, market cap of Ovintiv Inc is 13.59 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OVV stock?

You can check OVV's fair value in chart for subscribers.

What is the fair value of OVV stock?

You can check OVV's fair value in chart for subscribers. The fair value of Ovintiv Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ovintiv Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OVV so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ovintiv Inc a good stock to buy?

The fair value guage provides a quick view whether OVV is over valued or under valued. Whether Ovintiv Inc is cheap or expensive depends on the assumptions which impact Ovintiv Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OVV.

What is Ovintiv Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 09 2024, OVV's PE ratio (Price to Earnings) is 7.02 and Price to Sales (PS) ratio is 1.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OVV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ovintiv Inc's stock?

In the past 10 years, Ovintiv Inc has provided -0.061 (multiply by 100 for percentage) rate of return.