Ovintiv Stock Cash Per Share

OVV Stock

USD 48.64 0.08 0.16%

Ovintiv fundamentals help investors to digest information that contributes to Ovintiv's financial success or failures. It also enables traders to predict the movement of Ovintiv Stock. The fundamental analysis module provides a way to measure Ovintiv's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ovintiv stock.

		Last Reported	Projected for Next Year
	Cash Per Share	0.24	0.23

Cash Per Share is likely to drop to 0.23 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Ovintiv Company Cash Per Share Analysis

Ovintiv's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.

Cash Per Share

Total Cash

Average Shares

More About Cash Per Share | All Equity Analysis

Current Ovintiv Cash Per Share

0.07 X

Most of Ovintiv's fundamental indicators, such as Cash Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ovintiv is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Ovintiv Cash Per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Ovintiv is extremely important. It helps to project a fair market value of Ovintiv Stock properly, considering its historical fundamentals such as Cash Per Share. Since Ovintiv's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ovintiv's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ovintiv's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Intangible Assets	Good Will	Short Term Investments	Long Term Debt	Long Term Debt Total	Capital Surpluse	Property Plant Equipment	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Cash And Equivalents	Net Invested Capital	Net Working Capital	Short Long Term Debt	Capital Stock	Accumulated Depreciation
Total Assets		0.8	0.84	0.51	0.16	0.82	0.88	0.46	0.12	0.32	0.57	0.58	-0.2	-0.18	0.29	0.2	-0.07	0.31	0.31	-0.14	0.16	-0.05	0.39	0.0	-0.08	0.15	0.28
Total Stockholder Equity	0.8		0.55	0.39	0.24	0.6	0.43	0.05	-0.12	0.32	0.09	0.58	0.18	0.0	-0.13	-0.28	0.08	-0.03	0.7	-0.22	-0.2	-0.23	0.65	-0.18	-0.38	0.01	0.44
Net Debt	0.84	0.55		0.09	-0.05	0.67	0.85	0.23	0.17	0.24	0.63	0.62	-0.04	-0.2	0.28	0.19	0.11	0.1	0.02	0.24	0.01	-0.23	0.28	-0.19	0.02	-0.02	0.19
Retained Earnings	0.51	0.39	0.09		0.34	0.33	0.47	0.62	0.03	0.25	0.22	-0.14	-0.41	-0.02	0.5	0.49	-0.57	0.73	0.25	-0.63	0.71	0.54	0.1	0.6	0.15	0.55	0.19
Accounts Payable	0.16	0.24	-0.05	0.34		-0.04	0.04	0.04	-0.03	-0.53	-0.28	-0.33	-0.05	-0.3	0.07	-0.02	0.43	0.13	0.17	0.06	0.07	-0.39	0.34	-0.34	-0.58	-0.38	0.47
Net Receivables	0.82	0.6	0.67	0.33	-0.04		0.78	0.48	0.21	0.15	0.65	0.61	-0.32	-0.38	0.21	0.17	0.02	0.32	0.17	-0.06	0.09	-0.14	0.1	-0.1	-0.08	-0.01	-0.06
Total Liab	0.88	0.43	0.85	0.47	0.04	0.78		0.67	0.28	0.23	0.79	0.43	-0.45	-0.27	0.54	0.52	-0.18	0.49	-0.09	-0.05	0.39	0.11	0.07	0.14	0.18	0.21	0.07
Total Current Assets	0.46	0.05	0.23	0.62	0.04	0.48	0.67		0.48	0.16	0.49	0.11	-0.85	-0.03	0.46	0.53	-0.44	0.62	-0.09	-0.38	0.58	0.49	-0.19	0.51	0.26	0.4	-0.05
Short Term Debt	0.12	-0.12	0.17	0.03	-0.03	0.21	0.28	0.48		-0.24	0.03	0.19	-0.68	0.04	0.18	0.15	0.12	0.21	-0.1	0.32	0.07	-0.04	-0.05	-0.06	0.02	-0.15	0.07
Common Stock	0.32	0.32	0.24	0.25	-0.53	0.15	0.23	0.16	-0.24		0.34	0.17	0.08	0.3	0.07	0.19	-0.75	0.15	0.39	-0.55	0.04	0.51	0.2	0.56	0.61	0.82	-0.17
Current Deferred Revenue	0.57	0.09	0.63	0.22	-0.28	0.65	0.79	0.49	0.03	0.34		0.26	-0.41	-0.38	0.6	0.65	-0.34	0.5	-0.27	-0.11	0.38	0.2	-0.17	0.22	0.46	0.36	-0.33
Intangible Assets	0.58	0.58	0.62	-0.14	-0.33	0.61	0.43	0.11	0.19	0.17	0.26		-0.02	0.02	-0.19	-0.39	0.22	-0.31	0.23	0.17	-0.31	-0.24	0.29	-0.25	-0.29	-0.2	0.34
Good Will	-0.2	0.18	-0.04	-0.41	-0.05	-0.32	-0.45	-0.85	-0.68	0.08	-0.41	-0.02		0.12	-0.49	-0.51	0.27	-0.59	0.12	0.18	-0.5	-0.3	0.16	-0.31	-0.2	-0.23	0.06
Short Term Investments	-0.18	0.0	-0.2	-0.02	-0.3	-0.38	-0.27	-0.03	0.04	0.3	-0.38	0.02	0.12		-0.4	-0.31	-0.27	-0.33	0.12	-0.24	-0.04	0.43	-0.11	0.34	0.16	0.23	-0.05
Long Term Debt	0.29	-0.13	0.28	0.5	0.07	0.21	0.54	0.46	0.18	0.07	0.6	-0.19	-0.49	-0.4		0.92	-0.4	0.87	-0.19	-0.06	0.71	0.27	0.04	0.32	0.43	0.44	0.05
Long Term Debt Total	0.2	-0.28	0.19	0.49	-0.02	0.17	0.52	0.53	0.15	0.19	0.65	-0.39	-0.51	-0.31	0.92		-0.56	0.89	-0.31	-0.17	0.75	0.44	-0.2	0.48	0.66	0.57	-0.28
Capital Surpluse	-0.07	0.08	0.11	-0.57	0.43	0.02	-0.18	-0.44	0.12	-0.75	-0.34	0.22	0.27	-0.27	-0.4	-0.56		-0.55	-0.06	0.69	-0.59	-0.89	0.19	-0.93	-0.79	-0.98	0.29
Property Plant Equipment	0.31	-0.03	0.1	0.73	0.13	0.32	0.49	0.62	0.21	0.15	0.5	-0.31	-0.59	-0.33	0.87	0.89	-0.55		0.01	-0.35	0.78	0.41	-0.03	0.46	0.44	0.56	-0.14
Net Tangible Assets	0.31	0.7	0.02	0.25	0.17	0.17	-0.09	-0.09	-0.1	0.39	-0.27	0.23	0.12	0.12	-0.19	-0.31	-0.06	0.01		-0.39	-0.27	-0.21	0.81	-0.15	-0.3	0.19	0.35
Deferred Long Term Liab	-0.14	-0.22	0.24	-0.63	0.06	-0.06	-0.05	-0.38	0.32	-0.55	-0.11	0.17	0.18	-0.24	-0.06	-0.17	0.69	-0.35	-0.39		-0.44	-0.64	-0.02	-0.65	-0.19	-0.69	0.13
Long Term Investments	0.16	-0.2	0.01	0.71	0.07	0.09	0.39	0.58	0.07	0.04	0.38	-0.31	-0.5	-0.04	0.71	0.75	-0.59	0.78	-0.27	-0.44		0.63	-0.33	0.66	0.4	0.52	-0.11
Cash And Equivalents	-0.05	-0.23	-0.23	0.54	-0.39	-0.14	0.11	0.49	-0.04	0.51	0.2	-0.24	-0.3	0.43	0.27	0.44	-0.89	0.41	-0.21	-0.64	0.63		-0.46	0.98	0.67	0.79	-0.25
Net Invested Capital	0.39	0.65	0.28	0.1	0.34	0.1	0.07	-0.19	-0.05	0.2	-0.17	0.29	0.16	-0.11	0.04	-0.2	0.19	-0.03	0.81	-0.02	-0.33	-0.46		-0.39	-0.4	-0.01	0.67
Net Working Capital	0.0	-0.18	-0.19	0.6	-0.34	-0.1	0.14	0.51	-0.06	0.56	0.22	-0.25	-0.31	0.34	0.32	0.48	-0.93	0.46	-0.15	-0.65	0.66	0.98	-0.39		0.69	0.85	-0.21
Short Long Term Debt	-0.08	-0.38	0.02	0.15	-0.58	-0.08	0.18	0.26	0.02	0.61	0.46	-0.29	-0.2	0.16	0.43	0.66	-0.79	0.44	-0.3	-0.19	0.4	0.67	-0.4	0.69		0.77	-0.57
Capital Stock	0.15	0.01	-0.02	0.55	-0.38	-0.01	0.21	0.4	-0.15	0.82	0.36	-0.2	-0.23	0.23	0.44	0.57	-0.98	0.56	0.19	-0.69	0.52	0.79	-0.01	0.85	0.77		-0.22
Accumulated Depreciation	0.28	0.44	0.19	0.19	0.47	-0.06	0.07	-0.05	0.07	-0.17	-0.33	0.34	0.06	-0.05	0.05	-0.28	0.29	-0.14	0.35	0.13	-0.11	-0.25	0.67	-0.21	-0.57	-0.22

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Ovintiv Cash Per Share Historical Pattern

Today, most investors in Ovintiv Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ovintiv's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Ovintiv cash per share as a starting point in their analysis.

Ovintiv Cash Per Share

Timeline

Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.

Competition

Predict Ovintiv

Cash Per Share Over Time

Ovintiv Common Stock Shares Outstanding

Common Stock Shares Outstanding

202.42 Million

At this time, Ovintiv's Common Stock Shares Outstanding is fairly stable compared to the past year.

In accordance with the recently published financial statements, Ovintiv has a Cash Per Share of 0.07 times. This is 97.35% lower than that of the Oil, Gas & Consumable Fuels sector and 95.98% lower than that of the Energy industry. The cash per share for all United States stocks is 98.6% higher than that of the company.

Ovintiv Cash Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ovintiv's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ovintiv could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics of similar companies.

Ovintiv is currently under evaluation in cash per share category among related companies.

Ovintiv ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ovintiv's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ovintiv's managers, analysts, and investors.

Environmental

Governance

Social

Ovintiv Fundamentals

	Return On Equity	0.21
	Return On Asset	0.0989
	Profit Margin	0.19 %
	Operating Margin	0.21 %
	Current Valuation	20.31 B
	Shares Outstanding	266.98 M
	Shares Owned By Insiders	0.46 %
	Shares Owned By Institutions	81.47 %
	Number Of Shares Shorted	4.63 M
	Price To Earning	3.93 X
	Price To Book	1.39 X
	Price To Sales	1.36 X
	Revenue	10.73 B
	Gross Profit	7.28 B
	EBITDA	4.65 B
	Net Income	2.08 B
	Cash And Equivalents	5 M
	Cash Per Share	0.07 X
	Total Debt	6.68 B
	Debt To Equity	0.69 %
	Current Ratio	0.51 X
	Book Value Per Share	38.35 X
	Cash Flow From Operations	4.17 B
	Short Ratio	1.87 X
	Earnings Per Share	7.17 X
	Price To Earnings To Growth	0.11 X
	Target Price	62.51
	Number Of Employees	1.74 K
	Beta	2.67
	Market Capitalization	13.2 B
	Total Asset	19.99 B
	Retained Earnings	697 M
	Working Capital	(1.14 B)
	Current Asset	2.7 B
	Current Liabilities	2.01 B
	Annual Yield	0.02 %
	Five Year Return	1.84 %
	Net Asset	19.99 B
	Last Dividend Paid	1.2

About Ovintiv Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ovintiv's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ovintiv using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ovintiv based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Ovintiv

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ovintiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ovintiv will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ovintiv Stock

0.91	PR	Permian Resources	Pair Corr
0.88	SD	SandRidge Energy	Pair Corr
0.86	SM	SM Energy	Pair Corr

The ability to find closely correlated positions to Ovintiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ovintiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ovintiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ovintiv to buy it.

The correlation of Ovintiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ovintiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ovintiv moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ovintiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ovintiv is a strong investment it is important to analyze Ovintiv's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ovintiv's future performance. For an informed investment choice regarding Ovintiv Stock, refer to the following important reports:

How To Invest In Ovintiv

Details

Is Ovintiv Stock a good investment?

Details

What is Ovintiv's Net Worth?

Details

Largest Oil & Gas E&P Companies

View

Largest Energy Companies

View

Check out Ovintiv Piotroski F Score and Ovintiv Altman Z Score analysis.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running Ovintiv's price analysis, check to measure Ovintiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.

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Is Ovintiv's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ovintiv. If investors know Ovintiv will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ovintiv listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.37)

Dividend Share

1.2

Earnings Share

7.17

Revenue Per Share

39.271

Quarterly Revenue Growth

(0.08)

The market value of Ovintiv is measured differently than its book value, which is the value of Ovintiv that is recorded on the company's balance sheet. Investors also form their own opinion of Ovintiv's value that differs from its market value or its book value, called intrinsic value, which is Ovintiv's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ovintiv's market value can be influenced by many factors that don't directly affect Ovintiv's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ovintiv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ovintiv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ovintiv's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Ovintiv Stock Cash Per Share

Ovintiv Company Cash Per Share Analysis

Cash Per Share

Total Cash

Average Shares

Current Ovintiv Cash Per Share

Ovintiv Cash Per Share Driver Correlations

Ovintiv Cash Per Share Historical Pattern

Ovintiv Common Stock Shares Outstanding

Common Stock Shares Outstanding

202.42 Million

Ovintiv Cash Per Share Peer Comparison

Ovintiv ESG Sustainability

Ovintiv Fundamentals

About Ovintiv Fundamental Analysis

Pair Trading with Ovintiv

Moving together with Ovintiv Stock

Complementary Tools for Ovintiv Stock analysis

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