Ovintiv Stock Performance
| OVV Stock | USD 48.29 0.01 0.02% |
Ovintiv has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.79, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Ovintiv's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ovintiv is expected to be smaller as well. Ovintiv right now holds a risk of 1.34%. Please check Ovintiv treynor ratio, as well as the relationship between the expected short fall and day median price , to decide if Ovintiv will be following its historical price patterns.
Risk-Adjusted Performance
1 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Ovintiv are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly stable basic indicators, Ovintiv is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Actual Historical Performance (%)
One Day Return 0.0207 | Five Day Return (1.67) | Year To Date Return 9.38 | Ten Year Return (57.88) | All Time Return 49.46 |
Forward Dividend Yield 0.0248 | Payout Ratio 0.186 | Last Split Factor 1:5 | Forward Dividend Rate 1.2 | Dividend Date 2024-06-28 |
1 | Disposition of 100 shares by Renee Zemljak of Ovintiv at 35.8 subject to Rule 16b-3 | 03/12/2024 |
2 | Q2 2024 Earnings Estimate for Ovintiv Inc. Issued By Zacks Research - MarketBeat | 03/18/2024 |
| Ovintiv dividend paid on 28th of March 2024 | 03/28/2024 |
3 | Disposition of 556 shares by Renee Zemljak of Ovintiv at 49.45 subject to Rule 16b-3 | 04/12/2024 |
4 | Acquisition by Rachel Moore of 4966 shares of Ovintiv subject to Rule 16b-3 | 04/23/2024 |
5 | Is a Surprise Coming for Ovintiv This Earnings Season | 05/06/2024 |
6 | Ovintiv GAAP EPS of 1.24 misses by 0.14 | 05/07/2024 |
7 | Decoding Ovintiv Inc A Strategic SWOT Insight | 05/08/2024 |
8 | Ovintiv First Quarter 2024 Earnings Misses Expectations | 05/09/2024 |
9 | Acquisition by Chhina Sippy of 1600 shares of Ovintiv at 49.5 subject to Rule 16b-3 | 05/14/2024 |
10 | Sippy Chhina Boosts Confidence With 79K Purchase Of Ovintiv Stock | 05/16/2024 |
11 | Possible Bearish Signals With Ovintiv Insiders Disposing Stock | 05/22/2024 |
| Begin Period Cash Flow | 5 M |
Ovintiv |
Ovintiv Relative Risk vs. Return Landscape
If you would invest 4,757 in Ovintiv on February 28, 2024 and sell it today you would earn a total of 72.00 from holding Ovintiv or generate 1.51% return on investment over 90 days. Ovintiv is generating 0.0324% of daily returns assuming volatility of 1.3422% on return distribution over 90 days investment horizon. In other words, 11% of stocks are less volatile than Ovintiv, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Ovintiv Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ovintiv's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ovintiv, and traders can use it to determine the average amount a Ovintiv's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0241
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| Negative Returns | OVV |
Estimated Market Risk
| 1.34 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Ovintiv is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ovintiv by adding it to a well-diversified portfolio.
Ovintiv Fundamentals Growth
Ovintiv Stock prices reflect investors' perceptions of the future prospects and financial health of Ovintiv, and Ovintiv fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ovintiv Stock performance.
| Return On Equity | 0.21 | |||
| Return On Asset | 0.0989 | |||
| Profit Margin | 0.19 % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 20 B | |||
| Shares Outstanding | 266.98 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 | |||
| Earnings Per Share | 7.17 X | |||
| Market Capitalization | 12.89 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 | |||
About Ovintiv Performance
To evaluate Ovintiv Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Ovintiv generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Ovintiv Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Ovintiv market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Ovintiv's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 0.85 | 0.81 | |
| Return On Tangible Assets | 0.12 | 0.13 | |
| Return On Capital Employed | 0.16 | 0.13 | |
| Return On Assets | 0.10 | 0.11 | |
| Return On Equity | 0.20 | 0.21 |
Things to note about Ovintiv performance evaluation
Checking the ongoing alerts about Ovintiv for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ovintiv help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The company has 6.68 B in debt with debt to equity (D/E) ratio of 0.69, which is OK given its current industry classification. Ovintiv has a current ratio of 0.5, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Ovintiv until it has trouble settling it off, either with new capital or with free cash flow. So, Ovintiv's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ovintiv sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ovintiv to invest in growth at high rates of return. When we think about Ovintiv's use of debt, we should always consider it together with cash and equity. | |
| Over 82.0% of Ovintiv shares are owned by institutional investors | |
| Latest headline from simplywall.st: Possible Bearish Signals With Ovintiv Insiders Disposing Stock |
- Analyzing Ovintiv's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ovintiv's stock is overvalued or undervalued compared to its peers.
- Examining Ovintiv's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Ovintiv's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ovintiv's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ovintiv's stock. These opinions can provide insight into Ovintiv's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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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.