Ovintiv Inc

Company Profile

Ovintiv Inc had its IPO on 2002-04-08 under the ticker symbol OVV.

The company operates in the Energy sector and Oil & Gas E&P industry. Ovintiv Inc has a staff strength of 0 employees.

Stock update

Shares of Ovintiv Inc opened at $46.24 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $46.17 - $48.31, and closed at $48.31.

This is a +5.83% increase from the previous day's closing price.

A total volume of 10,117,149 shares were traded at the close of the day’s session.

In the last one week, shares of Ovintiv Inc have increased by +0.06%.

Ovintiv Inc's Key Ratios

Ovintiv Inc has a market cap of $13.22 billion, indicating a price to book ratio of 1.9012 and a price to sales ratio of 0.9027.

In the last 12-months Ovintiv Inc’s revenue was $11.79 billion with a gross profit of $7.28 billion and an EBITDA of $5.22 billion. The EBITDA ratio measures Ovintiv Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Ovintiv Inc’s operating margin was 32.62% while its return on assets stood at 13.95% with a return of equity of 44.18%.

In Q2, Ovintiv Inc’s quarterly earnings growth was a negative -74.3% while revenue growth was a negative 41.4%.

Ovintiv Inc’s PE and PEG Ratio

Forward PE

3.6101

Trailing PE

3.6855

PEG

Its diluted EPS in the last 12-months stands at $13.1 per share while it has a forward price to earnings multiple of 3.6101 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ovintiv Inc’s profitability.

Ovintiv Inc stock is trading at a EV to sales ratio of 1.3471 and a EV to EBITDA ratio of 3.2222. Its price to sales ratio in the trailing 12-months stood at 0.9027.

Ovintiv Inc stock pays annual dividends of $1.05 per share, indicating a yield of 2.49% and a payout ratio of 21.61%.

Balance sheet and cash flow metrics

Total Assets

$19.52 billion

Total Liabilities

$3.31 billion

Operating Cash Flow

$-3871000000.00

Capital Expenditure

$640 million

Dividend Payout Ratio

21.61%

Ovintiv Inc ended 2024 with $19.52 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $19.52 billion while shareholder equity stood at $9.32 billion.

Ovintiv Inc ended 2024 with $0 in deferred long-term liabilities, $3.31 billion in other current liabilities, 3000000.00 in common stock, $-401000000.00 in retained earnings and $2.60 billion in goodwill. Its cash balance stood at $52.00 million and cash and short-term investments were $52.00 million. The company’s total short-term debt was $765,000,000 while long-term debt stood at $5.45 billion.

Ovintiv Inc’s total current assets stands at $1.48 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.26 billion compared to accounts payable of $2.44 billion and inventory worth $0.

In 2024, Ovintiv Inc's operating cash flow was $-3871000000.00 while its capital expenditure stood at $640 million.

Comparatively, Ovintiv Inc paid $0.22 in dividends in 2024.

Other key metrics

Current Trading Price

$48.31

52-Week High

$57.9648

52-Week Low

$31.8181

Analyst Target Price

$55.84

Ovintiv Inc stock is currently trading at $48.31 per share. It touched a 52-week high of $57.9648 and a 52-week low of $57.9648. Analysts tracking the stock have a 12-month average target price of $55.84.

Its 50-day moving average was $44.81 and 200-day moving average was $42.41 The short ratio stood at 4.4 indicating a short percent outstanding of 0%.

Around 44.9% of the company’s stock are held by insiders while 8106.2% are held by institutions.