Ovintiv Stock Analysis

OVV -  USA Stock  

USD 36.69  1.19  3.14%

The small fall in market price for the last few months may encourage sophisticated investors to take a closer look at the company as it is trading at a share price of 36.69 on very low momentum in trading volume. The company executives did not add much value to Ovintiv investors in December. However, diversifying your holdings with Ovintiv or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.44. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Ovintiv partners.
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Ovintiv Stock Analysis 

 
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The Ovintiv stock analysis report makes it easy to digest most publicly released information about Ovintiv and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Ovintiv Stock analysis module also helps to analyze the Ovintiv price relationship with some important fundamental indicators such as market cap and management efficiency.

Ovintiv Stock Analysis Notes

About 74.0% of the company shares are owned by institutional investors. The book value of Ovintiv was now reported as 14.54. The company has Price/Earnings To Growth (PEG) ratio of 0.04. Ovintiv recorded a loss per share of 2.24. The entity next dividend is scheduled to be issued on the 14th of December 2021. The firm 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 operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 1916 people. To find out more about Ovintiv contact Douglas Suttles at 303 623 2300 or learn more at https://www.ovintiv.com.

Ovintiv Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Ovintiv's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Ovintiv or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Ovintiv generated a negative expected return over the last 90 days
Ovintiv has high historical volatility and very poor performance
Ovintiv has high likelihood to experience some financial distress in the next 2 years
The company has 5.79 B in debt with debt to equity (D/E) ratio of 1.52, which is OK given its current industry classification. Ovintiv has a current ratio of 0.39, suggesting that it has not enough short term capital to pay financial commitments when the payables are due.
The entity reported the last year's revenue of 9.03 B. Reported Net Loss for the year was (582 M) with profit before taxes, overhead, and interest of 1.97 B.
About 74.0% of Ovintiv shares are owned by institutional investors
Latest headline from MacroaxisInsider: Acquisition by Bruce Waterman of 465 shares of Ovintiv subject to Rule 16b-3

Ovintiv Upcoming and Recent Events

Earnings reports are used by Ovintiv to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ovintiv previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report29th of October 2020
Next Earnings Report17th of February 2021
Next Fiscal Quarter End30th of September 2020
Next Fiscal Year End17th of February 2021
Last Quarter Report30th of June 2020
Last Earning Announcement30th of September 2019

Ovintiv Largest EPS Surprises

Earnings surprises can significantly impact Ovintiv's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2015-11-12
2015-09-30-0.04-0.030.0125 
2020-05-07
2020-03-310.08860.10390.015317 
2015-07-24
2015-06-30-0.15-0.2-0.0533 
View All Earnings Estimates

Ovintiv Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Ovintiv is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ovintiv backward and forwards among themselves. Ovintiv's institutional investor refers to the entity that pools money to purchase Ovintiv's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Vaughan Nelson Investment Management LpCommon Shares956.4 K32.2 M
Foundation Resource Management IncCommon Shares160.7 K5.4 M
Modus Advisors LlcCommon Shares44.6 K1.5 M
Fcf Advisors LlcCommon Shares37.9 K1.3 M
Diversified Trust CoCommon Shares33.7 K1.1 M
Gateway Investment Advisers LlcCommon Shares20.2 K680 K
Wedbush Securities Inc 1Common Shares10.8 K362 K
Note, although Ovintiv's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Ovintiv Market Capitalization

The company currently falls under 'Mid-Cap' category with total capitalization of 9.58 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 these looking for more risk prefer small-cap and mid-cap equities.

Ovintiv Profitablity

Ovintiv's profitability indicators refer to fundamental financial ratios that showcase Ovintiv's ability to generate income relative to its revenue or operating costs. If, let's say, Ovintiv is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Ovintiv's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Ovintiv's profitability requires more research than a typical breakdown of Ovintiv's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of (6.45) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of 17.23 %, which entails that for every 100 dollars of revenue, it generated 0.17 of operating income.

Management Efficiency

The entity has Return on Asset of 0.95 % which means that on every $100 spent on asset, it made $0.95 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (14.28) %, meaning that it generated no profit with money invested by stockholders. Ovintiv 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.

Technical Drivers

As of the 23rd of January, Ovintiv holds the coefficient of variation of (8,777), and Risk Adjusted Performance of (0.00187). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ovintiv, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Ovintiv, which can be compared to its competitors. Please check Ovintiv downside deviation, treynor ratio, as well as the relationship between the Treynor Ratio and expected short fall to decide if Ovintiv is priced some-what accurately, providing market reflects its current price of 36.69 per share. Given that Ovintiv has jensen alpha of 0.1065, we recommend you to check out Ovintiv's recent market performance to make sure the company can sustain itself at a future point.

Ovintiv Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Exponential Moving Average is calculated by weighting recent values of Ovintiv more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

Ovintiv Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ovintiv insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ovintiv's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ovintiv insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Ovintiv Technical and Predictive Indicators

Ovintiv Forecast Models

Ovintiv time-series forecasting models is one of many Ovintiv's stock analysis techniquest aimed to predict 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 stock market movement and maximize returns from investment trading.

About Ovintiv Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Ovintiv stock is reacting to, or reflecting on a current stock 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.
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 operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 1916 people.

Current Ovintiv Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ovintiv analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Ovintiv analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
12.25Hold17Odds
Ovintiv current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Ovintiv analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ovintiv stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ovintiv, talking to its executives and customers, or listening to Ovintiv conference calls.
Ovintiv Analyst Advice Details

Ovintiv Stock Analysis Indicators

Ovintiv stock analysis indicators help investors evaluate how Ovintiv stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Ovintiv shares will generate the highest return on investment. By understating and applying Ovintiv stock analysis, traders can identify Ovintiv position entry and exit signals to maximize returns.
Quick Ratio0.40
Trailing Annual Dividend Rate0.42
Fifty Two Week Low15.51
Revenue Growth105.10%
Average Daily Volume Last 10 Day3.76M
Shares Short Prior Month5.09M
Average Daily Volume In Three Month3.06M
Shares Percent Shares Out2.32%
Gross Margins47.31%
Forward Price Earnings4.50
Short Percent Of Float2.67%
Float Shares260.49M
Fifty Two Week High41.34
Fifty Day Average35.28
Enterprise Value To Ebitda9.61
Two Hundred Day Average30.79
Enterprise Value To Revenue1.65
Trailing Annual Dividend Yield1.11%
Please check Your Equity Center. Note that the Ovintiv information on this page should be used as a complementary analysis to other Ovintiv's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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When running Ovintiv 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 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.
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 Ovintiv value 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.