Ovintiv Stock Performance
| OVV Stock | CAD 57.68 1.09 1.85% |
Ovintiv has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of -0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ovintiv are expected to decrease at a much lower rate. During the bear market, Ovintiv is likely to outperform the market. Ovintiv right now holds a risk of 2.31%. Please check Ovintiv total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to decide if Ovintiv will be following its historical price patterns.
Risk-Adjusted Performance
5 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Ovintiv are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, Ovintiv may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Forward Dividend Yield 0.0285 | Payout Ratio 0.1312 | Last Split Factor 1:5 | Forward Dividend Rate 1.67 | Dividend Date 2024-12-31 |
1 | Investors Will Want Ovintivs Growth In ROCE To Persist - Simply Wall St | 09/30/2024 |
2 | Analyst Scoreboard 9 Ratings For Ovintiv - Benzinga | 11/15/2024 |
3 | OVV EPS without NRI 7.60 - GuruFocus.com | 11/21/2024 |
4 | Systematic Financial Management LP Has 22.64 Million Stock Position in Ovintiv Inc. - MarketBeat | 12/05/2024 |
5 | Why Ovintiv Is One of the Most Undervalued Natural Gas Stocks to Buy According to Analysts - Insider Monkey | 12/11/2024 |
| Begin Period Cash Flow | 5 M |
Ovintiv |
Ovintiv Relative Risk vs. Return Landscape
If you would invest 5,324 in Ovintiv on September 16, 2024 and sell it today you would earn a total of 444.00 from holding Ovintiv or generate 8.34% return on investment over 90 days. Ovintiv is generating 0.1495% of daily returns assuming 2.3116% volatility of returns over the 90 days investment horizon. Simply put, 20% of all stocks have less volatile historical return distribution than Ovintiv, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading 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 = 0.0647
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| Cash | Small Risk | OVV | High Risk | Huge Risk |
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Estimated Market Risk
| 2.31 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Ovintiv is performing at about 5% 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 | 24.62 B | ||||
| Shares Outstanding | 260.32 M | ||||
| Price To Earning | 5.83 X | ||||
| Price To Book | 0.99 X | ||||
| Price To Sales | 1.57 X | ||||
| Revenue | 10.88 B | ||||
| Gross Profit | 7.28 B | ||||
| EBITDA | 4.8 B | ||||
| Net Income | 2.08 B | ||||
| Cash And Equivalents | 5 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 6.68 B | ||||
| Debt To Equity | 0.84 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 40.92 X | ||||
| Cash Flow From Operations | 4.17 B | ||||
| Earnings Per Share | 10.53 X | ||||
| Market Capitalization | 15.59 B | ||||
| Total Asset | 19.99 B | ||||
| Retained Earnings | 697 M | ||||
| Working Capital | (1.14 B) | ||||
About Ovintiv Performance
By examining Ovintiv's fundamental ratios, stakeholders can obtain critical insights into Ovintiv's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Ovintiv is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| 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 accumulated 6.68 B in total debt with debt to equity ratio (D/E) of 0.84, which is about average as compared to similar companies. Ovintiv has a current ratio of 0.5, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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 84.0% of Ovintiv shares are owned by institutional investors | |
| Latest headline from news.google.com: Why Ovintiv Is One of the Most Undervalued Natural Gas Stocks to Buy According to Analysts - Insider Monkey |
- 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 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..