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Ovintiv Inc. Stock Research

OVV

46.08USD-1.04(-2.21%)Market Closed
Watchlist

Market Summary

USD46.08-1.04
Market Closed
-2.21%

OVV Stock Price

OVV RSI Chart

OVV Valuation

Market Cap

12.6B

Price/Earnings (Trailing)

3.77

Price/Sales (Trailing)

0.94

EV/EBITDA

2.47

Price/Free Cashflow

7.81

OVV Price/Sales (Trailing)

OVV Profitability

EBT Margin

32.86%

Return on Equity

55.3%

Return on Assets

28.86%

Free Cashflow Yield

12.81%

OVV Fundamentals

OVV Revenue

Revenue (TTM)

13.4B

Revenue Y/Y

-23.92%

Revenue Q/Q

-18.97%

OVV Earnings

Earnings (TTM)

3.3B

Earnings Y/Y

-75.24%

Earnings Q/Q

-31.01%

Price Action

52 Week Range

32.0759.11
(Low)(High)

Last 7 days

-3.5%

Last 30 days

-4.4%

Last 90 days

30.1%

Trailing 12 Months

-6.2%

OVV Financial Health

Current Ratio

0.53

OVV Investor Care

Dividend Yield

2.28%

Dividend/Share (TTM)

1.05

Shares Dilution (1Y)

6.49%

Diluted EPS (TTM)

13.18

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for OVV

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-08
Moore Rachel Maureen
sold (taxes)
-1,014,810
46.22
-21,956
evp, corporate services
2023-08-08
Moore Rachel Maureen
acquired
-
-
45,739
evp, corporate services
2023-08-07
McCracken Brendan Michael
back to issuer
-1,045,940
47.11
-22,202
president & ceo
2023-08-07
McCracken Brendan Michael
acquired
-
-
22,202
president & ceo
2023-08-03
NANCE STEVEN W
sold
-58,428
48.65
-1,201
-
2023-05-18
Shaw Brian Gordon
sold (taxes)
-95,735
32.82
-2,917
-
2023-05-18
MCINTIRE LEE A
acquired
-
-
6,074
-
2023-05-18
Minyard Katherine Lucas
acquired
-
-
6,074
-
2023-05-18
Nimocks Suzanne P
acquired
-
-
6,074
-
2023-05-18
DEA PETER A
acquired
-
-
10,060
-

1–10 of 50

Which funds bought or sold OVV recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
added
16.67
100
533
-%
2023-08-25
Brown Shipley& Co Ltd
new
-
20,824
20,824
0.01%
2023-08-24
Alberta Investment Management Corp
sold off
-100
-326,271
-
-%
2023-08-23
Rehmann Capital Advisory Group
reduced
-0.33
16,528
336,142
0.03%
2023-08-23
WOLVERINE TRADING, LLC
new
-
246,441
246,441
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
35.94
2,435,000
8,043,000
0.08%
2023-08-21
BOKF, NA
reduced
-43.1
-2,344,610
3,522,460
0.07%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-7.11
-289,067
14,289,300
0.02%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-17.97
-138,387
888,665
-%
2023-08-17
Orion Portfolio Solutions, LLC
added
4.36
115,289
1,254,800
0.01%

1–10 of 46

Latest Funds Activity

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

Schedule 13G FIlings of Ovintiv

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Mar 10, 2023
vanguard group inc
10.33%
25,177,644
SC 13G/A
Feb 14, 2023
dodge & cox
8.7%
21,654,776
SC 13G/A
Feb 09, 2023
vanguard group inc
9.86%
24,477,933
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G
Jan 31, 2023
blackrock inc.
7.6%
18,811,019
SC 13G/A
Feb 14, 2022
dodge & cox
8.4%
21,828,737
SC 13G/A
Feb 08, 2022
blackrock inc.
9.0%
23,594,232
SC 13G/A
Jul 12, 2021
vanguard group inc
10.42%
27,204,165
SC 13G/A

Recent SEC filings of Ovintiv

View All Filings
Date Filed Form Type Document
Sep 13, 2023
8-K
Current Report
Sep 11, 2023
424B7
Prospectus Filed
Sep 11, 2023
424B7
Prospectus Filed
Sep 11, 2023
8-K
Current Report
Aug 09, 2023
4
Insider Trading
Aug 09, 2023
4
Insider Trading
Aug 04, 2023
4
Insider Trading
Aug 03, 2023
144
Notice of Insider Sale Intent
Aug 02, 2023
4
Insider Trading
Aug 02, 2023
4
Insider Trading

Peers (Alternatives to Ovintiv)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
-
8.8B
-5.97% 4.87%
-
-
-19.24% -60.57%
72.8B
25.9B
-3.74% 5.53%
8.36
2.81
16.80% 52.54%
60.4B
31.8B
0.82% 0.45%
4.68
1.64
-6.68% -38.20%
53.5B
20.3B
-3.59% -1.28%
9.25
2.63
-14.26% -6.45%
27.4B
8.3B
2.99% 18.50%
7.84
3.3
-8.75% -9.74%
-
16.8B
-4.56% -23.52%
-
-
-8.28% -9.23%
MID-CAP
12.6B
13.4B
-4.38% -6.21%
3.77
0.94
15.65% 37.73%
7.3B
4.5B
-6.03% 1.77%
4.28
1.63
15.35% 216.30%
6.9B
2.8B
-5.75% 4.91%
7.4
2.49
1.90% -11.66%
3.3B
1.6B
-2.74% 18.33%
15.22
2
-20.41% 13.75%
3.0B
2.9B
-11.84% -43.65%
3.08
1.03
9.57% 185.64%
2.3B
2.7B
2.49% 0.08%
2.51
0.88
12.93% 24.18%
-
4.0B
- -
-
-
72.02% 99.37%
SMALL-CAP
2.0B
7.3B
-3.87% 99.88%
3.27
0.28
21.02% 508.09%
805.4M
1.5B
-8.19% -35.44%
1.28
0.42
-22.98% 63.46%

Ovintiv News

Best Stocks
Duality Advisers LP Shows Confidence in Ovintiv Inc. with New ....
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18 hours ago
Equities News

Returns for OVV

Cumulative Returns on OVV

-4.6%


10-Year Cumulative Returns

1.4%


7-Year Cumulative Returns

-4.2%


5-Year Cumulative Returns

67.0%


3-Year Cumulative Returns

Risks for OVV

What is the probability of a big loss on OVV?

100%


Probability that Ovintiv stock will be more than 20% underwater in next one year

81.5%


Probability that Ovintiv stock will be more than 30% underwater in next one year.

57.7%


Probability that Ovintiv stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does OVV drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Ovintiv was unfortunately bought at previous high price.

Drawdowns

Financials for Ovintiv

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42017Q4
Revenue-5.7%13,44814,26314,09213,16911,62810,4689,0307,6366,1865,5096,8147,2598,0847,0136,4726,1664,9405,4573,892
  S&GA Expenses-20.4%336422414412464442444422464395397399315489519616908157254
EBITDA19.2%5,9404,9845,2643,9192,3332,769887-473-4,188-3,525-2,786-8933,7452,7123,881----
EBITDA Margin26.4%0.44*0.35*0.37*0.30*0.20*0.26*0.10*-0.07*-0.72*-0.64*-0.41*-0.12*0.46*0.39*0.60*----
Interest Expenses-1.0%308311325319327340355375362371376378391382380372348351363
Earnings Before Taxes24.1%4,4193,5603,8322,4878601,239-785-2,274-6,158-5,730-5,156-3,4041,1823151,5621,4156971,1631,430
EBT Margin31.7%0.33*0.25*0.27*0.19*0.07*0.12*-0.09*-0.31*-1.07*-1.04*-0.76*-0.47*0.15*0.04*0.24*----
Net Income20.0%4,3653,6373,6862,4288661,416-582-2,031-6,209-6,097-5,489-3,8199002341,2701,1606731,069827
Net Income Margin27.3%0.32*0.25*0.26*0.18*0.07*0.14*-0.07*-0.28*-1.07*-1.11*-0.81*-0.53*0.11*0.03*0.20*----
Free Cashflow11.0%2,2592,0351,8371,8331,3671,6101,6671,362860159-61.00-13.00278295185----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42018Q4
Assets29.1%19,51915,12315,05614,37414,92314,90014,05513,63613,76714,53414,46915,15716,79521,50521,48715,344
  Current Assets6.0%1,4791,3951,6951,7022,0302,1681,5871,3281,4431,2391,2471,2191,4742,2411,8692,676
    Cash Equivalents100.0%52.0026.005.0018.008.002711958.001229.0010.0032.0039.001031901,058
  Net PPE43.4%14,2179,9119,4689,0539,1948,9838,7618,5908,5359,5149,45010,22311,63615,08015,1918,972
  Goodwill0.5%2,5982,5842,5842,5762,6172,6382,6282,6242,6432,6332,6252,5942,5802,5552,6112,553
Liabilities41.1%10,2037,2297,3677,8249,10210,2168,9819,8399,83310,40010,63210,80510,92211,31411,5577,676
  Current Liabilities25.8%3,3102,6322,7803,3093,9913,9832,7483,3513,3663,4612,4231,7491,6532,1602,4322,016
    LT Debt, Current17.2%680580393440215---5181,118518----500
    LT Debt, Non Current71.7%5,4543,1763,1773,1783,6874,7754,7864,7914,7965,3006,3677,1427,3667,0066,9743,698
Shareholder's Equity18.0%9,3167,8947,6896,5505,8214,6845,0743,7973,9344,1343,8374,3525,87310,1919,9307,447
  Retained Earnings38.8%-401-655-1,081-2,355-3,479-4,772-4,479-5,827-5,718-5,488-5,773-5,135-3,590818421435
  Additional Paid-In Capital14.8%8,6717,5557,7767,9398,2398,3348,4588,5538,5328,5258,5318,4608,4608,4601,4021,358
Accumulated Depreciation1.5%50,77550,01749,64049,18049,84250,05849,56149,20849,35248,81148,30646,48544,48940,18440,63737,993
Shares Outstanding12.0%274245246249257257258261261260260260260260260191
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42017Q4
Cashflow From Operations-12.1%3,7364,2493,8663,7313,5812,9873,1293,1082,7892,1561,8951,9062,1692,9582,9212,9212,8702,1162,3001,050
Cashflow From Investing-111.7%-4,726-2,232-1,786-1,600-1,703-621-525-567-445-1,530-1,864-2,008-2,325-2,603-2,556-2,620-2,806-2,432-1,555-1,037
Cashflow From Financing145.9%1,036-2,259-2,268-2,119-1,987-2,105-2,419-2,565-2,264-722-206--24.00-781-1,238-1,533-1,740-1,792-396-139
  Dividend Payments7.3%26624823921418915012211097.0097.0097.0098.0098.0098.0010210310611256.0057.00
  Buy Backs-27.4%122168-642317182111-----2138501,2501,6672,0741,600250-

OVV Income Statement

2023-06-30
Condensed Consolidated Statement of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Product and service revenues$ 2,352$ 4,014$ 4,944$ 7,421
Gains (losses) on risk management, net147(295)89(1,753)
Sublease revenues18173535
Total Revenues2,5173,7365,0685,703
Operating Expenses    
Production, mineral and other taxes76118160212
Transportation and processing452453907859
Operating175180381368
Purchased product6921,1151,3932,181
Depreciation, depletion and amortization419278783542
Accretion of asset retirement obligation45910
Administrative16871226215
Total Operating Expenses1,9862,2203,8594,387
Operating Income (Loss)5311,5161,2091,316
Other (Income) Expenses    
Interest8091151165
Foreign exchange (gain) loss, net253222
Other (gains) losses, net(11)0(14)(27)
Total Other (Income) Expenses9494159140
Net Earnings (Loss) Before Income Tax4371,4221,0501,176
Income tax expense (recovery)1016522760
Net Earnings (Loss)$ 336$ 1,357$ 823$ 1,116
Net Earnings (Loss) per Share of Common Stock    
Basic$ 1.35$ 5.28$ 3.33$ 4.34
Diluted$ 1.34$ 5.21$ 3.28$ 4.26
Weighted Average Shares of Common Stock Outstanding (millions)    
Basic249.4257.2246.9257.3
Diluted250.8260.6250.8262.1

OVV Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets  
Cash and cash equivalents$ 52$ 5
Accounts receivable and accrued revenues (net of allowances of $4 million (2022: $4 million))1,2531,594
Risk management16753
Income tax receivable743
Total Current Assets1,4791,695
Oil and natural gas properties, based on full cost accounting  
Proved properties62,05857,054
Unproved properties1,9891,172
Other945882
Property, plant and equipment64,99259,108
Less: Accumulated depreciation, depletion and amortization(50,775)(49,640)
Property, plant and equipment, net14,2179,468
Other Assets1,0471,004
Risk Management2134
Deferred Income Taxes157271
Goodwill2,5982,584
Total Assets19,51915,056
Current Liabilities  
Accounts payable and accrued liabilities2,4432,221
Current portion of operating lease liabilities8576
Income tax payable974
Risk management586
Current portion of long-term debt680393
Total Current Liabilities3,3102,780
Long-Term Debt5,4543,177
Operating Lease Liabilities847814
Other Liabilities and Provisions118131
Risk Management70
Asset Retirement Obligation283281
Deferred Income Taxes184184
Total Liabilities10,2037,367
Commitments and Contingencies
Shareholders’ Equity  
Share capital - authorized 775 million shares of stock 2023 issued and outstanding: 273.9 million shares (2022: 245.7 million shares)33
Paid in surplus8,6717,776
Retained earnings (Accumulated deficit)(401)(1,081)
Accumulated other comprehensive income1,043991
Total Shareholders’ Equity9,3167,689
Total Liabilities and Shareholders' Equity$ 19,519$ 15,056
Brendan M. McCracken
1710
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. 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 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.