Brendan McCracken - Ovintiv CEO President
| OVV Stock | CAD 57.68 1.09 1.85% |
CEO
Brendan McCracken is CEO President of Ovintiv
| Age | 48 |
| Address | 370 17th Street, Denver, CO, United States, 80202 |
| Phone | 303 623 2300 |
| Web | https://www.ovintiv.com |
Ovintiv Management Efficiency
The company has return on total asset (ROA) of 0.0868 % which means that it generated a profit of $0.0868 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.202 %, meaning that it generated $0.202 on every $100 dollars invested by stockholders. Ovintiv's management efficiency ratios could be used to measure how well Ovintiv manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Ovintiv's Return On Tangible Assets are very stable compared to the past year. As of the 15th of December 2024, Return On Assets is likely to grow to 0.11, while Return On Capital Employed is likely to drop 0.13. At this time, Ovintiv's Other Assets are very stable compared to the past year. As of the 15th of December 2024, Total Current Assets is likely to grow to about 2.4 B, while Total Assets are likely to drop about 18.9 B.Similar Executives
| Found 2 records | CEO Age | ||
| James Evaskevich | Yangarra Resources | 71 | |
| Alexander Verge | Journey Energy | 63 | |
Management Performance
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0868 |
Ovintiv Leadership Team
Elected by the shareholders, the Ovintiv's board of directors comprises two types of representatives: Ovintiv inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ovintiv. The board's role is to monitor Ovintiv's management team and ensure that shareholders' interests are well served. Ovintiv's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ovintiv's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Meghan Eilers, Executive Counsel | ||
| Jason Verhaest, VP Relations | ||
| Rachel CHRP, Executive Services | ||
| Brendan McCracken, CEO President | ||
| Renee Zemljak, Marketing Midstream | ||
| Corey CPA, Executive CFO | ||
| Corey Code, Executive CFO | ||
| Gregory Givens, Executive COO | ||
| Stephen Campbell, Senior Relations |
Ovintiv Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ovintiv a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0868 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 24.62 B | ||||
| Shares Outstanding | 260.32 M | ||||
| Shares Owned By Insiders | 0.49 % | ||||
| Shares Owned By Institutions | 84.02 % | ||||
| Number Of Shares Shorted | 1.13 M | ||||
| Price To Earning | 5.83 X |
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
Moving against Ovintiv Stock
| 0.74 | ARA | Aclara Resources | PairCorr |
| 0.64 | CCL-A | CCL Industries | PairCorr |
| 0.58 | RCI-A | Rogers Communications | PairCorr |
| 0.42 | SAGE | Sage Potash Corp | PairCorr |
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.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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.