Ovintiv Stock Analysis

Ovintiv Stock Analysis Notes

About 84.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.99. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Ovintiv has Price/Earnings To Growth (PEG) ratio of 0.06. The entity recorded earning per share (EPS) of 10.53. The firm last dividend was issued on the 13th of December 2024. Ovintiv had 1:5 split on the 27th of January 2020. Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. OVINTIV INC operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 1713 people. To find out more about Ovintiv contact Brendan McCracken at 303 623 2300 or learn more at https://www.ovintiv.com.

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Ovintiv Market Capitalization

The company currently falls under 'Large-Cap' category with a current market capitalization of 15.59 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ovintiv's market, we take the total number of its shares issued and multiply it by Ovintiv's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Ovintiv Profitablity

The company has Profit Margin (PM) of 0.21 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.24 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.24.

Management Efficiency

Ovintiv 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.

Technical Drivers

As of the 15th of December 2024, Ovintiv holds the Semi Deviation of 2.17, risk adjusted performance of 0.0615, and Coefficient Of Variation of 1326.31. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ovintiv, as well as the relationship between them.

Ovintiv Price Movement Analysis

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Ovintiv Forecast Models

Ovintiv's time-series forecasting models are one of many Ovintiv's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ovintiv's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Ovintiv prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Ovintiv shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Ovintiv. By using and applying Ovintiv Stock analysis, traders can create a robust methodology for identifying Ovintiv entry and exit points for their positions.

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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.