(OVV) Ovintiv - Overview
Stock: Natural Gas, Oil, Natural Gas Liquids
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.96% |
| Yield on Cost 5y | 6.73% |
| Yield CAGR 5y | 26.54% |
| Payout Consistency | 83.3% |
| Payout Ratio | 33.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 38.3% |
| Relative Tail Risk | -1.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.42 |
| Alpha | -9.88 |
| Character TTM | |
|---|---|
| Beta | 1.416 |
| Beta Downside | 2.121 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.21% |
| CAGR/Max DD | 0.03 |
Description: OVV Ovintiv January 03, 2026
Ovintiv Inc. (NYSE: OVV) is a U.S.–based E&P company that explores, develops, produces, and markets natural gas, oil, and natural gas liquids across three core North American plays: the Permian Basin, the Anadarko Basin, and the Montney formation. The firm rebranded from Encana Corporation in January 2020 and is headquartered in Denver, Colorado.
**Key operating metrics (2023 12-month, per the latest Form 10-K):**
• Average daily production ≈ 400 k boe/d (≈ 260 k boe/d oil & NGLs, ≈ 140 k boe/d natural gas).
• Adjusted EBITDA ≈ $3.2 bn, yielding an EBITDA-margin of ~ 20 %.
• Free cash flow ≈ $2.1 bn, supporting a net-debt-to-EBITDA ratio of ~ 1.1×.
These figures assume the reported 2023 results are comparable to prior years; any material revisions in reserves or capital spending would shift the ratios.
**Economic and sector drivers:**
• Oil price volatility remains the dominant risk; a $5/boe move in Brent can swing EBITDA by ± $300 m.
• U.S. natural-gas prices are tightly linked to seasonal demand, storage levels, and LNG export capacity-factors that can affect the Montney gas-heavy portfolio.
• Capital efficiency is a competitive lever; Ovintiv’s 2023 capital spend of $1.6 bn (≈ $4 k per boe) is below the G-Oil & Gas average, indicating a focus on low-cost acreage.
For a deeper dive into Ovintiv’s valuation metrics, see the ValueRay page.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 236.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.66 > 1.0 |
| NWC/Revenue: -16.43% < 20% (prev -13.67%; Δ -2.76% < -1%) |
| CFO/TA 0.19 > 3% & CFO 3.72b > Net Income 236.0m |
| Net Debt (6.40b) to EBITDA (2.88b): 2.22 < 3 |
| Current Ratio: 0.45 > 1.5 & < 3 |
| Outstanding Shares: last quarter (258.1m) vs 12m ago -2.23% < -2% |
| Gross Margin: 53.66% > 18% (prev 0.57%; Δ 5309 % > 0.5%) |
| Asset Turnover: 45.37% > 50% (prev 51.01%; Δ -5.64% > 0%) |
| Interest Coverage Ratio: 1.77 > 6 (EBITDA TTM 2.88b / Interest Expense TTM 387.0m) |
Altman Z'' 0.29
| A: -0.08 (Total Current Assets 1.17b - Total Current Liabilities 2.64b) / Total Assets 19.39b |
| B: 0.08 (Retained Earnings 1.57b / Total Assets 19.39b) |
| C: 0.03 (EBIT TTM 684.0m / Avg Total Assets 19.62b) |
| D: 0.27 (Book Value of Equity 2.48b / Total Liabilities 9.15b) |
| Altman-Z'' Score: 0.29 = B |
Beneish M -3.22
| DSRI: 0.90 (Receivables 1.07b/1.35b, Revenue 8.90b/10.13b) |
| GMI: 1.06 (GM 53.66% / 56.63%) |
| AQI: 1.19 (AQ_t 0.21 / AQ_t-1 0.18) |
| SGI: 0.88 (Revenue 8.90b / 10.13b) |
| TATA: -0.18 (NI 236.0m - CFO 3.72b) / TA 19.39b) |
| Beneish M-Score: -3.22 (Cap -4..+1) = AA |
What is the price of OVV shares?
Over the past week, the price has changed by +7.04%, over one month by +23.32%, over three months by +24.81% and over the past year by +13.23%.
Is OVV a buy, sell or hold?
- StrongBuy: 11
- Buy: 7
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the OVV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 53.6 | 15.2% |
| Analysts Target Price | 53.6 | 15.2% |
| ValueRay Target Price | 48.4 | 3.9% |
OVV Fundamental Data Overview February 03, 2026
P/E Forward = 7.6453
P/S = 1.2519
P/B = 1.0757
Revenue TTM = 8.90b USD
EBIT TTM = 684.0m USD
EBITDA TTM = 2.88b USD
Long Term Debt = 4.39b USD (from longTermDebt, last quarter)
Short Term Debt = 931.0m USD (from shortTermDebt, last quarter)
Debt = 6.43b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.40b USD (from netDebt column, last quarter)
Enterprise Value = 17.41b USD (11.01b + Debt 6.43b - CCE 25.0m)
Interest Coverage Ratio = 1.77 (Ebit TTM 684.0m / Interest Expense TTM 387.0m)
EV/FCF = 11.72x (Enterprise Value 17.41b / FCF TTM 1.49b)
FCF Yield = 8.53% (FCF TTM 1.49b / Enterprise Value 17.41b)
FCF Margin = 16.69% (FCF TTM 1.49b / Revenue TTM 8.90b)
Net Margin = 2.65% (Net Income TTM 236.0m / Revenue TTM 8.90b)
Gross Margin = 53.66% ((Revenue TTM 8.90b - Cost of Revenue TTM 4.13b) / Revenue TTM)
Gross Margin QoQ = 49.41% (prev 53.88%)
Tobins Q-Ratio = 0.90 (Enterprise Value 17.41b / Total Assets 19.39b)
Interest Expense / Debt = 1.38% (Interest Expense 89.0m / Debt 6.43b)
Taxrate = 22.92% (44.0m / 192.0m)
NOPAT = 527.2m (EBIT 684.0m * (1 - 22.92%))
Current Ratio = 0.45 (Total Current Assets 1.17b / Total Current Liabilities 2.64b)
Debt / Equity = 0.63 (Debt 6.43b / totalStockholderEquity, last quarter 10.23b)
Debt / EBITDA = 2.22 (Net Debt 6.40b / EBITDA 2.88b)
Debt / FCF = 4.31 (Net Debt 6.40b / FCF TTM 1.49b)
Total Stockholder Equity = 10.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.20% (Net Income 236.0m / Total Assets 19.39b)
RoE = 2.30% (Net Income TTM 236.0m / Total Stockholder Equity 10.26b)
RoCE = 4.67% (EBIT 684.0m / Capital Employed (Equity 10.26b + L.T.Debt 4.39b))
RoIC = 3.37% (NOPAT 527.2m / Invested Capital 15.64b)
WACC = 7.42% (E(11.01b)/V(17.44b) * Re(11.13%) + D(6.43b)/V(17.44b) * Rd(1.38%) * (1-Tc(0.23)))
Discount Rate = 11.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.19%
[DCF Debug] Terminal Value 79.72% ; FCFF base≈1.55b ; Y1≈1.49b ; Y5≈1.46b
Fair Price DCF = 89.70 (EV 29.12b - Net Debt 6.40b = Equity 22.72b / Shares 253.3m; r=7.42% [WACC]; 5y FCF grow -5.21% → 2.90% )
EPS Correlation: -51.87 | EPS CAGR: -52.43% | SUE: -3.43 | # QB: 0
Revenue Correlation: -60.85 | Revenue CAGR: -12.54% | SUE: 0.14 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.16 | Chg30d=-0.143 | Revisions Net=-6 | Analysts=10
EPS next Year (2026-12-31): EPS=4.40 | Chg30d=-0.743 | Revisions Net=-6 | Growth EPS=-1.6% | Growth Revenue=-2.7%