Ovintiv Inc. Stock Research

Market Summary

USD35.10+1.75

Market Closed

5.25%

OVV Alerts

2 major insider sales recently.

OVV Stock Price

OVV RSI Chart

OVV Valuation

Market Cap

8.6B

Price/Earnings (Trailing)

2.37

Price/Sales (Trailing)

0.6

EV/EBITDA

1.73

Price/Free Cashflow

4.24

OVV Price/Sales (Trailing)

OVV Profitability

EBT Margin

24.96%

Return on Equity

47.3%

Return on Assets

24.16%

Free Cashflow Yield

23.6%

OVV Fundamentals

OVV Revenue

Revenue (TTM)

14.3B

Revenue Y/Y

5.65%

Revenue Q/Q

-12.19%

OVV Earnings

Earnings (TTM)

3.6B

Earnings Y/Y

-3.54%

Earnings Q/Q

12.56%

Price Action

52 Week Range

32.2663.02

(Low)(High)

Last 7 days

-19.8%

Last 30 days

-31.1%

Last 90 days

-34.9%

Trailing 12 Months

-22.3%

OVV Financial Health

Current Ratio

0.61

OVV Investor Care

Dividend Yield

2.71%

Dividend/Share (TTM)

0.95

Buy Backs (1Y)

4.77%

Diluted EPS (TTM)

14.08

Peers (Alternatives to Ovintiv)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	60.9B	25.7B	-23.86%	-6.70%	7.85	2.37	37.87%	66.36%
OXY	60.4B	37.1B	-12.29%	4.78%	4.68	1.64	40.97%	472.95%
DVN	49.8B	19.8B	-29.01%	-13.47%	9.45	2.71	44.20%	113.83%
PXD	44.6B	24.4B	-21.77%	-18.01%	5.68	1.83	36.45%	270.40%
FANG	22.6B	9.6B	-17.20%	4.67%	5.15	2.34	41.87%	101.01%
APA	14.4B	11.9B	-24.61%	-11.58%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.6B	14.3B	-31.07%	-22.32%	2.37	0.6	36.25%	156.85%
RRC	6.0B	5.3B	-6.30%	-5.53%	5.09	1.13	49.01%	187.38%
MTDR	5.4B	3.2B	-31.43%	-11.75%	4.47	1.7	71.67%	107.57%
OAS	4.4B	3.6B	-33.88%	7.97%	4.99	1.94	130.82%	480.77%
CRK	3.0B	3.6B	-16.98%	14.70%	2.6	0.82	96.03%	571.98%
KOS	2.9B	2.2B	-22.76%	7.07%	12.82	1.29	68.57%	391.06%
CPE	1.9B	3.2B	-26.77%	-44.44%	1.56	0.58	60.18%	231.32%
SMALL-CAP
PARR	1.6B	7.3B	-8.48%	116.33%	4.35	0.22	55.45%	547.97%
LPI	805.4M	1.9B	-8.19%	-35.44%	1.28	0.42	37.78%	335.50%

Financials for Ovintiv

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.2%	14,263	14,092	13,169	11,628	10,468
S&GA Expenses	1.9%	422	414	412	464	442
EBITDA	-5.3%	4,984	5,264	3,919	2,333	-
EBITDA Margin	-6.5%	0.35*	0.37*	0.30*	0.20*	-
Earnings Before Taxes	-7.1%	3,560	3,832	2,487	860	1,239
EBT Margin	-8.2%	0.25*	0.27*	0.19*	0.07*	-
Interest Expenses	-4.3%	311	325	319	327	340
Net Income	-1.3%	3,637	3,686	2,428	866	1,416
Net Income Margin	-2.5%	0.25*	0.26*	0.18*	0.07*	-
Free Cahsflow	10.8%	2,035	1,837	1,833	1,367	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.7%	15,056	14,374	14,923	14,900	14,055
Current Assets	-0.4%	1,695	1,702	2,030	2,168	1,587
Cash Equivalents	-72.2%	5.00	18.00	8.00	271	195
Net PPE	4.6%	9,468	9,053	9,194	8,983	8,761
Goodwill	0.3%	2,584	2,576	2,617	2,638	2,628
Liabilities	-5.8%	7,367	7,824	9,102	10,216	8,981
Current Liabilities	-16.0%	2,780	3,309	3,991	3,983	2,748
LT Debt, Current	-10.7%	393	440	215	-	-
LT Debt, Non Current	0.0%	3,177	3,178	3,687	4,775	4,786
Shareholder's Equity	17.4%	7,689	6,550	5,821	4,684	5,074
Retained Earnings	54.1%	-1,081	-2,355	-3,479	-4,772	-4,479
Additional Paid-In Capital	-2.1%	7,776	7,939	8,239	8,334	8,458
Accumulated Depreciation	0.9%	49,640	49,180	49,842	50,058	49,561
Shares Outstanding	-1.4%	246	249	256	259	258

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	3.6%	3,866	3,731	3,581	2,987	3,129
Cashflow From Investing	-11.6%	-1,786	-1,600	-1,703	-621	-525
Cashflow From Financing	-7.0%	-2,268	-2,119	-1,987	-2,105	-2,419
Dividend Payments	11.7%	239	214	189	150	122
Buy Backs	12.0%	719	642	317	182	111

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

71.2%

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

47.3%

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

Returns for OVV

Cumulative Returns on OVV

-8.8%

10-Year Cumulative Returns

3.1%

7-Year Cumulative Returns

-7.9%

5-Year Cumulative Returns

124.9%

3-Year Cumulative Returns

What are the long-term rolling returns for OVV?

FIve years rolling returns for Ovintiv.

Annualized Returns

Which funds bought or sold OVV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	31.05	13,791,200	44,803,200	0.05%
2023-03-06	Rockefeller Capital Management L.P.	added	14.57	7,000	32,000	-%
2023-03-01	Goehring & Rozencwajg Associates, LLC	new	-	2,957,990	2,957,990	1.05%
2023-02-28	Voya Investment Management LLC	reduced	-2.56	291,184	4,209,180	0.01%
2023-02-24	National Pension Service	new	-	21,480,800	21,480,800	0.04%
2023-02-22	CVA Family Office, LLC	new	-	254	254	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	2.88	1,042,000	8,811,000	0.09%
2023-02-21	MACQUARIE GROUP LTD	added	1.13	3,052,470	31,183,500	0.04%
2023-02-21	Triasima Portfolio Management inc.	reduced	-2.42	31,761	500,761	0.04%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	8.64	1,752,560	10,621,600	0.02%

Latest Funds Activity

Are funds buying OVV calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own OVV

No. of Funds

OVV Alerts

2 major insider sales recently.

Ovintiv News

Schedule 13G FIlings of Ovintiv

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
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	fmr llc	-	0	SC 13G
Feb 09, 2023	vanguard group inc	9.86%	24,477,933	SC 13G/A
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
Feb 11, 2021	dodge & cox	12.6%	32,851,897	SC 13G/A
Feb 10, 2021	vanguard group inc	9.43%	24,514,940	SC 13G

OVV Fair Value

Ovintiv fair value in different scenarios

The table shows the Fair Value estimates for Ovintiv for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	115.39 228.75%	172.12 390.37%	323.29 821.05%	533.46 1419.83%	632.84 1702.96%
Current Inflation	106.70 203.99%	156.39 345.56%	286.75 716.95%	465.68 1226.72%	549.85 1466.52%
Very High Inflation	95.87 173.13%	137.18 290.83%	243.26 593.05%	386.34 1000.68%	453.19 1191.14%

Historical Ovintiv Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Ovintiv

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	SC 13G/A	Major Ownership Report
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading

Latest Insider Trading transactions for OVV

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-08	Moore Rachel Maureen	sold (taxes)	-785,191	44.05	-17,825	evp, corporate services
2023-03-08	McCracken Brendan Michael	sold (taxes)	-2,869,320	44.48	-64,508	president & ceo
2023-03-08	Givens Gregory Dean	acquired	-	-	153,373	evp & coo
2023-03-08	McCracken Brendan Michael	acquired	-	-	147,445	president & ceo
2023-03-08	MCINTIRE LEE A	acquired	-	-	14,709	-
2023-03-08	Eilers Meghan Nicole	acquired	-	-	35,513	evp, gc & corporate secretary
2023-03-08	Eilers Meghan Nicole	sold (taxes)	-520,505	44.48	-11,702	evp, gc & corporate secretary
2023-03-08	DEA PETER A	acquired	-	-	15,363	-
2023-03-08	Nimocks Suzanne P	acquired	-	-	15,690	-
2023-03-08	Code Corey Douglas	acquired	-	-	115,340	evp & cfo

About Ovintiv

Brendan M. McCracken

http://www.ovintiv.com/

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.

OVV Income Statement

2022-12-31

Consolidated Statement of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Product and service revenues	$ 14,263	$ 10,468	$ 5,509
Gains (losses) on risk management, net	(1,867)	(1,883)	507
Sublease revenues	68	73	71
Total Revenues	12,464	8,658	6,087
Operating Expenses
Production, mineral and other taxes	415	293	173
Transportation and processing	1,786	1,616	1,502
Operating	802	625	605
Purchased product	4,055	2,951	1,366
Depreciation, depletion and amortization	1,113	1,190	1,834
Impairments	0	0	5,580
Accretion of asset retirement obligation	18	22	29
Administrative	422	442	395
Total Operating Expenses	8,611	7,139	11,484
Operating Income (Loss)	3,853	1,519	(5,397)
Other (Income) Expenses
Interest	311	340	371
Foreign exchange (gain) loss, net	15	(23)	17
Other (gains) losses, net	(33)	(37)	(55)
Total Other (Income) Expenses	293	280	333
Net Earnings (Loss) Before Income Tax	3,560	1,239	(5,730)
Income tax expense (recovery)	(77)	(177)	367
Net Earnings (Loss)	$ 3,637	$ 1,416	$ (6,097)
Net Earnings (Loss) per Share of Common Stock
Basic	$ 14.34	$ 5.44	$ (23.47)
Diluted	$ 14.08	$ 5.32	$ (23.47)
Weighted Average Shares of Common Stock Outstanding (millions)
Basic	253.6	260.4	259.8
Diluted	258.4	266.4	259.8

OVV Balance Sheet

2022-12-31

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 5	$ 195
Accounts receivable and accrued revenues (net of allowances of $4 million (2021: $5 million))	1,594	1,294
Risk management	53	1
Income tax receivable	43	97
Total Current Assets	1,695	1,587
Oil and natural gas properties, based on full cost accounting
Proved properties	57,054	55,475
Unproved properties	1,172	1,944
Other	882	903
Property, plant and equipment	59,108	58,322
Less: Accumulated depreciation, depletion and amortization	(49,640)	(49,561)
Property, plant and equipment, net	9,468	8,761
Other Assets	1,004	1,079
Risk Management	34	0
Deferred Income Taxes	271	0
Goodwill	2,584	2,628
Total Assets	15,056	14,055
Current Liabilities
Accounts payable and accrued liabilities	2,221	1,979
Current portion of operating lease liabilities	76	62
Income tax payable	4	4
Risk management	86	703
Current portion of long-term debt	393	0
Total Current Liabilities	2,780	2,748
Long-Term Debt	3,177	4,786
Operating Lease Liabilities	814	889
Other Liabilities and Provisions	131	190
Risk Management	0	25
Asset Retirement Obligation	281	339
Deferred Income Taxes	184	4
Total Liabilities	7,367	8,981
Commitments and Contingencies
Shareholders’ Equity
Share capital - authorized 775 million shares of stock 2022 issued and outstanding: 245.7 million shares (2021: 258.0 million shares)	3	3
Paid in surplus	7,776	8,458
Retained earnings (Accumulated deficit)	(1,081)	(4,479)
Accumulated other comprehensive income	991	1,092
Total Shareholders’ Equity	7,689	5,074
Total Liabilities and Shareholders' Equity	$ 15,056	$ 14,055