OVV:CA:TSX-Ovintiv Inc (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 44.51

Change

+1.92 (+4.51)%

Market Cap

CAD 11.12B

Volume

0.47M

Avg Analyst Target

CAD 44.80 (+0.65%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict


Ovintiv Inc (OVV) Stock Analysis:
Based on the Ovintiv Inc stock forecasts from 10 analysts, the average analyst target price for Ovintiv Inc is CAD 44.80 over the next 12 months. Ovintiv Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Ovintiv Inc is Neutral, which is based on 5 positive signals and 6 negative signals. At the last closing, Ovintiv Inc’s stock price was CAD 44.51. Ovintiv Inc’s stock price has changed by +0.14 % over the past week, -1.59 % over the past month and +130.50 % over the last year.

About

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 ...Read More

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-12-07 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNQ:CA Canadian Natural Resources Lim..

+1.25 (+2.33%)

CAD63.23B 11.10 5.66
CNU:CA CNOOC Limited

N/A

CAD56.64B 5.40 0.76
TOU:CA Tourmaline Oil Corp

+2.11 (+5.23%)

CAD13.51B 7.72 4.93
ARX:CA ARC Resources Ltd

+0.52 (+4.71%)

CAD7.73B 27.21 5.24
WCP:CA Whitecap Resources Inc

+0.29 (+3.90%)

CAD4.43B 2.22 1.88
CPG:CA Crescent Point Energy Corp

+0.59 (+9.61%)

CAD3.31B 1.71 0.78
MEG:CA MEG Energy Corp

+0.33 (+2.89%)

CAD3.31B 29.45 7.68
ERF:CA Enerplus Corporation

+0.84 (+6.64%)

CAD3.13B 3.80 35.09
PSK:CA PrairieSky Royalty Ltd

+0.25 (+1.82%)

CAD3.02B 33.36 14.81
POU:CA Paramount Resources Ltd

+0.52 (+2.44%)

CAD3.00B 6.77 7.24

ETFs Containing OVV:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas E&P)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 143.36% 48% F 97% A+
Dividend Return 0.95% 20% F 21% F
Total Return 144.31% 50% F 97% A+
Trailing 12 Months  
Capital Gain 130.50% 45% F 96% A
Dividend Return 1.39% 20% F 24% F
Total Return 131.89% 45% F 95% A
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain 113.74% 95% A 98% A+
Dividend Return 0.44% 9% F 11% F
Total Return 114.18% 95% A 98% A+
Risk Return Profile  
Volatility (Standard Deviation) 173.72% 30% F 4% F
Risk Adjusted Return 65.73% 91% A- 72% C-
Market Capitalization 11.12B 95% A 87% B+
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas E&P)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 3.13 61% D- 88% B+
Price/Book Ratio 2.28 13% F 34% F
Price / Cash Flow Ratio 5.87 60% D- 59% F
EV/EBITDA 20.89 7% F 22% F
Management Effectiveness  
Return on Equity -14.28% 15% F 18% F
Return on Invested Capital -1.33% 53% F 36% F
Return on Assets 0.95% 32% F 39% F
Debt to Equity Ratio 165.94% 13% F 15% F
Technical Ratios  
Short Ratio 8.22 7% F 14% F
Short Percent 1.44% 37% F 54% F
Beta 4.36 5% F 0% N/A
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Ratings

Target Price Action Rating Action Analyst Rating Price Date

Discussions

User / Independent Analyst Ratings

User Name Target Rating Target Horizon (Months) Target Price User Analysis Date Comment

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.