Market Summary
USD46.08-1.04
Market Closed-2.21%
OVV Stock Price
OVV RSI Chart
OVV Valuation
OVV Price/Sales (Trailing)
OVV Profitability
OVV Fundamentals
OVV Revenue
OVV Earnings
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
OVV Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for OVV
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 | - |
Which funds bought or sold OVV recently?
View All Details| Datesorted ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Ovintiv
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
APA | - | 8.8B | -5.97% | 4.87% | - | - | -19.24% | -60.57% |
EOG | 72.8B | 25.9B | -3.74% | 5.53% | 8.36 | 2.81 | 16.80% | 52.54% |
OXY | 60.4B | 31.8B | 0.82% | 0.45% | 4.68 | 1.64 | -6.68% | -38.20% |
PXD | 53.5B | 20.3B | -3.59% | -1.28% | 9.25 | 2.63 | -14.26% | -6.45% |
FANG | 27.4B | 8.3B | 2.99% | 18.50% | 7.84 | 3.3 | -8.75% | -9.74% |
DVN | - | 16.8B | -4.56% | -23.52% | - | - | -8.28% | -9.23% |
| MID-CAP | ||||||||
OVV | 12.6B | 13.4B | -4.38% | -6.21% | 3.77 | 0.94 | 15.65% | 37.73% |
RRC | 7.3B | 4.5B | -6.03% | 1.77% | 4.28 | 1.63 | 15.35% | 216.30% |
MTDR | 6.9B | 2.8B | -5.75% | 4.91% | 7.4 | 2.49 | 1.90% | -11.66% |
KOS | 3.3B | 1.6B | -2.74% | 18.33% | 15.22 | 2 | -20.41% | 13.75% |
CRK | 3.0B | 2.9B | -11.84% | -43.65% | 3.08 | 1.03 | 9.57% | 185.64% |
CPE | 2.3B | 2.7B | 2.49% | 0.08% | 2.51 | 0.88 | 12.93% | 24.18% |
OAS | - | 4.0B | - | - | - | - | 72.02% | 99.37% |
| SMALL-CAP | ||||||||
PARR | 2.0B | 7.3B | -3.87% | 99.88% | 3.27 | 0.28 | 21.02% | 508.09% |
LPI | 805.4M | 1.5B | -8.19% | -35.44% | 1.28 | 0.42 | -22.98% | 63.46% |
Ovintiv 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) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2017Q4 |
| Revenue | -5.7% | 13,448 | 14,263 | 14,092 | 13,169 | 11,628 | 10,468 | 9,030 | 7,636 | 6,186 | 5,509 | 6,814 | 7,259 | 8,084 | 7,013 | 6,472 | 6,166 | 4,940 | 5,457 | 3,892 |
| S&GA Expenses | -20.4% | 336 | 422 | 414 | 412 | 464 | 442 | 444 | 422 | 464 | 395 | 397 | 399 | 315 | 489 | 519 | 616 | 908 | 157 | 254 |
| EBITDA | 19.2% | 5,940 | 4,984 | 5,264 | 3,919 | 2,333 | 2,769 | 887 | -473 | -4,188 | -3,525 | -2,786 | -893 | 3,745 | 2,712 | 3,881 | - | - | - | - |
| EBITDA Margin | 26.4% | 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% | 308 | 311 | 325 | 319 | 327 | 340 | 355 | 375 | 362 | 371 | 376 | 378 | 391 | 382 | 380 | 372 | 348 | 351 | 363 |
| Earnings Before Taxes | 24.1% | 4,419 | 3,560 | 3,832 | 2,487 | 860 | 1,239 | -785 | -2,274 | -6,158 | -5,730 | -5,156 | -3,404 | 1,182 | 315 | 1,562 | 1,415 | 697 | 1,163 | 1,430 |
| EBT Margin | 31.7% | 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 Income | 20.0% | 4,365 | 3,637 | 3,686 | 2,428 | 866 | 1,416 | -582 | -2,031 | -6,209 | -6,097 | -5,489 | -3,819 | 900 | 234 | 1,270 | 1,160 | 673 | 1,069 | 827 |
| Net Income Margin | 27.3% | 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 Cashflow | 11.0% | 2,259 | 2,035 | 1,837 | 1,833 | 1,367 | 1,610 | 1,667 | 1,362 | 860 | 159 | -61.00 | -13.00 | 278 | 295 | 185 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2018Q4 |
| Assets | 29.1% | 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 | 6.0% | 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 | 100.0% | 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 | 43.4% | 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 | 0.5% | 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 | 41.1% | 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 | 7,676 |
| Current Liabilities | 25.8% | 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 |
| LT Debt, Current | 17.2% | 680 | 580 | 393 | 440 | 215 | - | - | - | 518 | 1,118 | 518 | - | - | - | - | 500 |
| LT Debt, Non Current | 71.7% | 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 | 18.0% | 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 | 38.8% | -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 | 14.8% | 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 | 1.5% | 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 | 37,993 |
| Shares Outstanding | 12.0% | 274 | 245 | 246 | 249 | 257 | 257 | 258 | 261 | 261 | 260 | 260 | 260 | 260 | 260 | 260 | 191 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2017Q4 |
| Cashflow From Operations | -12.1% | 3,736 | 4,249 | 3,866 | 3,731 | 3,581 | 2,987 | 3,129 | 3,108 | 2,789 | 2,156 | 1,895 | 1,906 | 2,169 | 2,958 | 2,921 | 2,921 | 2,870 | 2,116 | 2,300 | 1,050 |
| 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 Financing | 145.9% | 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 Payments | 7.3% | 266 | 248 | 239 | 214 | 189 | 150 | 122 | 110 | 97.00 | 97.00 | 97.00 | 98.00 | 98.00 | 98.00 | 102 | 103 | 106 | 112 | 56.00 | 57.00 |
| Buy Backs | -27.4% | 122 | 168 | - | 642 | 317 | 182 | 111 | - | - | - | - | - | 213 | 850 | 1,250 | 1,667 | 2,074 | 1,600 | 250 | - |
OVV Income Statement
2023-06-30Condensed Consolidated Statement of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 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, net | 147 | (295) | 89 | (1,753) |
| Sublease revenues | 18 | 17 | 35 | 35 |
| Total Revenues | 2,517 | 3,736 | 5,068 | 5,703 |
| Operating Expenses | ||||
| Production, mineral and other taxes | 76 | 118 | 160 | 212 |
| Transportation and processing | 452 | 453 | 907 | 859 |
| Operating | 175 | 180 | 381 | 368 |
| Purchased product | 692 | 1,115 | 1,393 | 2,181 |
| Depreciation, depletion and amortization | 419 | 278 | 783 | 542 |
| Accretion of asset retirement obligation | 4 | 5 | 9 | 10 |
| Administrative | 168 | 71 | 226 | 215 |
| Total Operating Expenses | 1,986 | 2,220 | 3,859 | 4,387 |
| Operating Income (Loss) | 531 | 1,516 | 1,209 | 1,316 |
| Other (Income) Expenses | ||||
| Interest | 80 | 91 | 151 | 165 |
| Foreign exchange (gain) loss, net | 25 | 3 | 22 | 2 |
| Other (gains) losses, net | (11) | 0 | (14) | (27) |
| Total Other (Income) Expenses | 94 | 94 | 159 | 140 |
| Net Earnings (Loss) Before Income Tax | 437 | 1,422 | 1,050 | 1,176 |
| Income tax expense (recovery) | 101 | 65 | 227 | 60 |
| 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) | ||||
| Basic | 249.4 | 257.2 | 246.9 | 257.3 |
| Diluted | 250.8 | 260.6 | 250.8 | 262.1 |
OVV Balance Sheet
2023-06-30Condensed 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)) | 1,253 | 1,594 |
| Risk management | 167 | 53 |
| Income tax receivable | 7 | 43 |
| Total Current Assets | 1,479 | 1,695 |
| Oil and natural gas properties, based on full cost accounting | ||
| Proved properties | 62,058 | 57,054 |
| Unproved properties | 1,989 | 1,172 |
| Other | 945 | 882 |
| Property, plant and equipment | 64,992 | 59,108 |
| Less: Accumulated depreciation, depletion and amortization | (50,775) | (49,640) |
| Property, plant and equipment, net | 14,217 | 9,468 |
| Other Assets | 1,047 | 1,004 |
| Risk Management | 21 | 34 |
| Deferred Income Taxes | 157 | 271 |
| Goodwill | 2,598 | 2,584 |
| Total Assets | 19,519 | 15,056 |
| Current Liabilities | ||
| Accounts payable and accrued liabilities | 2,443 | 2,221 |
| Current portion of operating lease liabilities | 85 | 76 |
| Income tax payable | 97 | 4 |
| Risk management | 5 | 86 |
| Current portion of long-term debt | 680 | 393 |
| Total Current Liabilities | 3,310 | 2,780 |
| Long-Term Debt | 5,454 | 3,177 |
| Operating Lease Liabilities | 847 | 814 |
| Other Liabilities and Provisions | 118 | 131 |
| Risk Management | 7 | 0 |
| Asset Retirement Obligation | 283 | 281 |
| Deferred Income Taxes | 184 | 184 |
| Total Liabilities | 10,203 | 7,367 |
| 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) | 3 | 3 |
| Paid in surplus | 8,671 | 7,776 |
| Retained earnings (Accumulated deficit) | (401) | (1,081) |
| Accumulated other comprehensive income | 1,043 | 991 |
| Total Shareholders’ Equity | 9,316 | 7,689 |
| Total Liabilities and Shareholders' Equity | $ 19,519 | $ 15,056 |
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.