Ovintiv Stock Performance
| OVV Stock | USD 40.51 0.49 1.20% |
Ovintiv has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.63, 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 2.29%. 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
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Ovintiv are ranked lower than 3 (%) 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 recent stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Actual Historical Performance (%)
One Day Return (1.20) | Five Day Return (3.18) | Year To Date Return (8.24) | Ten Year Return (30.28) | All Time Return 25.38 |
Forward Dividend Yield 0.0296 | Payout Ratio 0.1611 | Last Split Factor 1:5 | Forward Dividend Rate 1.2 | Dividend Date 2024-12-31 |
| Ovintiv dividend paid on 27th of September 2024 | 09/27/2024 |
1 | Ovintiv Upgraded to Strong-Buy at Siebert Williams Shank | 10/17/2024 |
2 | Football At COP29 Clubs Unite For Climate Action | 11/19/2024 |
3 | Ovintiv Inc. Receives 57.00 Average Target Price from Brokerages | 11/21/2024 |
4 | Acquisition by Izzo Ralph of tradable shares of Ovintiv subject to Rule 16b-3 | 11/22/2024 |
5 | Are Investors Undervaluing Ovintiv Right Now | 12/03/2024 |
6 | Halliburton Launches Intelli Suite to Enhance Well Performance | 12/04/2024 |
7 | Ovintiv Is Due To Pay A Dividend Of 0.30 | 12/05/2024 |
8 | Canadian Natural Finalizes Acquisition of Chevrons Alberta Assets | 12/09/2024 |
9 | Why Ovintiv Is One of the Most Undervalued Natural Gas Stocks to Buy According to Analysts | 12/11/2024 |
| Begin Period Cash Flow | 5 M |
Ovintiv |
Ovintiv Relative Risk vs. Return Landscape
If you would invest 3,888 in Ovintiv on September 16, 2024 and sell it today you would earn a total of 163.00 from holding Ovintiv or generate 4.19% return on investment over 90 days. Ovintiv is generating 0.0889% of daily returns assuming volatility of 2.2909% on return distribution over 90 days investment horizon. In other words, 20% 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 = 0.0388
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| Cash | Small Risk | OVV | High Risk | Huge Risk |
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Estimated Market Risk
| 2.29 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Ovintiv is performing at about 3% 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 | 0.2 | ||||
| Return On Asset | 0.0868 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 17.31 B | ||||
| Shares Outstanding | 260.32 M | ||||
| Price To Earning | 3.93 X | ||||
| Price To Book | 0.99 X | ||||
| Price To Sales | 1.10 X | ||||
| Revenue | 10.66 B | ||||
| Gross Profit | 7.28 B | ||||
| EBITDA | 4.71 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 | 40.92 X | ||||
| Cash Flow From Operations | 4.17 B | ||||
| Earnings Per Share | 7.58 X | ||||
| Market Capitalization | 10.55 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
Evaluating Ovintiv's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ovintiv has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Ovintiv has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. 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 | 0.17 | 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.| Ovintiv 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. Note however, debt could still be an excellent tool for Ovintiv to invest in growth at high rates of return. | |
| Ovintiv has a strong financial position based on the latest SEC filings | |
| Over 84.0% of Ovintiv shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Why Ovintiv Is One of the Most Undervalued Natural Gas Stocks to Buy According to Analysts |
- 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.
Additional Tools for Ovintiv Stock Analysis
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.