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Ovintiv Inc. Stock Research

OVV

35.10USD+1.75(+5.25%)Market Closed

Market Summary

USD35.10+1.75
Market Closed
5.25%

OVV Alerts

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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
60.9B
25.7B
-23.86% -6.70%
7.85
2.37
37.87% 66.36%
60.4B
37.1B
-12.29% 4.78%
4.68
1.64
40.97% 472.95%
49.8B
19.8B
-29.01% -13.47%
9.45
2.71
44.20% 113.83%
44.6B
24.4B
-21.77% -18.01%
5.68
1.83
36.45% 270.40%
22.6B
9.6B
-17.20% 4.67%
5.15
2.34
41.87% 101.01%
14.4B
11.9B
-24.61% -11.58%
4.67
1.31
50.58% 232.96%
MID-CAP
8.6B
14.3B
-31.07% -22.32%
2.37
0.6
36.25% 156.85%
6.0B
5.3B
-6.30% -5.53%
5.09
1.13
49.01% 187.38%
5.4B
3.2B
-31.43% -11.75%
4.47
1.7
71.67% 107.57%
4.4B
3.6B
-33.88% 7.97%
4.99
1.94
130.82% 480.77%
3.0B
3.6B
-16.98% 14.70%
2.6
0.82
96.03% 571.98%
2.9B
2.2B
-22.76% 7.07%
12.82
1.29
68.57% 391.06%
1.9B
3.2B
-26.77% -44.44%
1.56
0.58
60.18% 231.32%
SMALL-CAP
1.6B
7.3B
-8.48% 116.33%
4.35
0.22
55.45% 547.97%
805.4M
1.9B
-8.19% -35.44%
1.28
0.42
37.78% 335.50%

Financials for Ovintiv

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.2%14,26314,09213,16911,62810,468
  S&GA Expenses1.9%422414412464442
EBITDA-5.3%4,9845,2643,9192,333-
EBITDA Margin-6.5%0.35*0.37*0.30*0.20*-
Earnings Before Taxes-7.1%3,5603,8322,4878601,239
EBT Margin-8.2%0.25*0.27*0.19*0.07*-
Interest Expenses-4.3%311325319327340
Net Income-1.3%3,6373,6862,4288661,416
Net Income Margin-2.5%0.25*0.26*0.18*0.07*-
Free Cahsflow10.8%2,0351,8371,8331,367-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.7%15,05614,37414,92314,90014,055
  Current Assets-0.4%1,6951,7022,0302,1681,587
    Cash Equivalents-72.2%5.0018.008.00271195
  Net PPE4.6%9,4689,0539,1948,9838,761
  Goodwill0.3%2,5842,5762,6172,6382,628
Liabilities-5.8%7,3677,8249,10210,2168,981
  Current Liabilities-16.0%2,7803,3093,9913,9832,748
    LT Debt, Current-10.7%393440215--
    LT Debt, Non Current0.0%3,1773,1783,6874,7754,786
Shareholder's Equity17.4%7,6896,5505,8214,6845,074
  Retained Earnings54.1%-1,081-2,355-3,479-4,772-4,479
  Additional Paid-In Capital-2.1%7,7767,9398,2398,3348,458
Accumulated Depreciation0.9%49,64049,18049,84250,05849,561
Shares Outstanding-1.4%246249256259258
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.6%3,8663,7313,5812,9873,129
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 Payments11.7%239214189150122
  Buy Backs12.0%719642317182111

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 ascendingFund NameType% 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%

1–10 of 46

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

Ovintiv News

MarketBeat

Symmetry Partners LLC Purchases New Shares in Ovintiv Inc ....

MarketBeat,
25 hours ago

InvestorsObserver

Investing.com Australia

Fitch Ratings

Schedule 13G FIlings of Ovintiv

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

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.

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 revenues687371
Total Revenues12,4648,6586,087
Operating Expenses   
Production, mineral and other taxes415293173
Transportation and processing1,7861,6161,502
Operating802625605
Purchased product4,0552,9511,366
Depreciation, depletion and amortization1,1131,1901,834
Impairments005,580
Accretion of asset retirement obligation182229
Administrative422442395
Total Operating Expenses8,6117,13911,484
Operating Income (Loss)3,8531,519(5,397)
Other (Income) Expenses   
Interest311340371
Foreign exchange (gain) loss, net15(23)17
Other (gains) losses, net(33)(37)(55)
Total Other (Income) Expenses293280333
Net Earnings (Loss) Before Income Tax3,5601,239(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)   
Basic253.6260.4259.8
Diluted258.4266.4259.8

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: $5 million))1,5941,294
Risk management531
Income tax receivable4397
Total Current Assets1,6951,587
Oil and natural gas properties, based on full cost accounting  
Proved properties57,05455,475
Unproved properties1,1721,944
Other882903
Property, plant and equipment59,10858,322
Less: Accumulated depreciation, depletion and amortization(49,640)(49,561)
Property, plant and equipment, net9,4688,761
Other Assets1,0041,079
Risk Management340
Deferred Income Taxes2710
Goodwill2,5842,628
Total Assets15,05614,055
Current Liabilities  
Accounts payable and accrued liabilities2,2211,979
Current portion of operating lease liabilities7662
Income tax payable44
Risk management86703
Current portion of long-term debt3930
Total Current Liabilities2,7802,748
Long-Term Debt3,1774,786
Operating Lease Liabilities814889
Other Liabilities and Provisions131190
Risk Management025
Asset Retirement Obligation281339
Deferred Income Taxes1844
Total Liabilities7,3678,981
Commitments and Contingencies
Shareholders’ Equity  
Share capital - authorized 775 million shares of stock 2022 issued and outstanding: 245.7 million shares (2021: 258.0 million shares)33
Paid in surplus7,7768,458
Retained earnings (Accumulated deficit)(1,081)(4,479)
Accumulated other comprehensive income9911,092
Total Shareholders’ Equity7,6895,074
Total Liabilities and Shareholders' Equity$ 15,056$ 14,055