OVV:CA:TSX-Ovintiv Inc (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 32.13

Change

+0.06 (+0.19)%

Market Cap

CAD 8.37B

Volume

0.60M

Avg Analyst Target

CAD 35.25 (+9.71%)

Avg User Target

CAD
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

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 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 Eagle Ford in south Texas, Bakken in North Dakota, and Uinta in central Utah; and Duvernay in west central Alberta, 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. Address: 370 17th Street, Denver, CO, United States, 80202

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-08-03 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNU:CA CNOOC Limited

N/A

CAD56.14B 11.64 0.63
CNQ:CA Canadian Natural Resources Lim..

+0.56 (+1.36%)

CAD48.78B 21.96 7.60
TOU:CA Tourmaline Oil Corp

+0.16 (+0.47%)

CAD10.18B 7.62 4.83
ARX:CA ARC Resources Ltd

-0.30 (-3.18%)

CAD6.83B 39.01 4.70
WCP:CA Whitecap Resources Inc

-0.04 (-0.70%)

CAD3.60B 7.30 5.15
PSK:CA PrairieSky Royalty Ltd

+0.09 (+0.64%)

CAD3.11B 45.24 17.09
VII:CA Seven Generations Energy Ltd

N/A

CAD2.82B 1.96 14.01
CPG:CA Crescent Point Energy Corp

+0.25 (+5.48%)

CAD2.65B 1.17 0.75
PXT:CA Parex Resources Inc

-0.15 (-0.73%)

CAD2.56B 14.94 6.80
MEG:CA MEG Energy Corp

+0.04 (+0.50%)

CAD2.44B 41.68 7.72

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 75.67% 45% F 95% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 75.67% 45% F 95% A
Trailing 12 Months  
Capital Gain 129.99% 48% F 93% A
Dividend Return 1.34% 13% F 17% F
Total Return 131.34% 48% F 93% 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 93.74% 94% A 97% A+
Dividend Return 0.13% 5% F 5% F
Total Return 93.87% 94% A 97% A+
Risk Return Profile  
Volatility (Standard Deviation) 184.18% 10% F 3% F
Risk Adjusted Return 50.97% 96% A 62% D-
Market Capitalization 8.37B 95% A 85% 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 67% D+ 89% B+
Price/Book Ratio 1.71 19% F 51% F
Price / Cash Flow Ratio 4.42 58% F 66% D
EV/EBITDA 3.76 85% B 88% B+
Management Effectiveness  
Return on Equity -41.42% 13% F 10% F
Return on Invested Capital -1.33% 53% F 35% F
Return on Assets 0.22% 51% F 32% F
Debt to Equity Ratio 165.94% 11% F 13% F
Technical Ratios  
Short Ratio 9.58 11% F 13% F
Short Percent 1.39% 35% F 55% F
Beta 4.51 4% 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 Rating

Target Price Action Rating Action Analyst Rating Price Date

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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.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

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.

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.