Ovintiv Inc trades with the ticker OVV on the TSX and is in the Oil & Gas E&P industry.
Overview
Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company’s upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
Looking to invest in Ovintiv Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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OVV.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $17879.624MM
PE Ratio: 6.241
Price: 50.62 (Updated: 3/12/2024 0:47:16)
Ovintiv Inc (OVV) vs Competitors in Oil & Gas E&P
Lets see how OVV.TO stacks up against others in the Oil & Gas E&P asset management industry. We have identified its main peers as:Advantage Oil & Gas Ltd, Africa Oil Corp, ARC Resources Ltd, Athabasca Oil Corporation, Birchcliff Energy Ltd
.Oil & Gas E&P Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Advantage Oil & Gas Ltd (AAV) | $1,577.226 | 16.729 | 5.77 | N/A% |
| Africa Oil Corp (AOI) | $959.473 | 8.708 | 6.836 | 3.2% |
| ARC Resources Ltd (ARX) | $13,990.234 | 8.981 | 4.539 | 2.9% |
| Athabasca Oil Corporation (ATH) | $2,937.06 | N/A | 26.708 | N/A% |
| Birchcliff Energy Ltd (BIR) | $1,471.439 | 17.25 | 4.987 | 7.2% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Oil & Gas E&P
- Ovintiv Inc (OVV) vs Advantage Oil & Gas Ltd (AAV)
- OVV has higher EPS (10.63 vs 0.59). OVV provides dividends, while AAV does not. AAV has a higher P/E ratio (16.729 vs 6.241) indicating it’s more expensive.
- Ovintiv Inc (OVV) vs Africa Oil Corp (AOI)
- OVV has higher EPS (10.63 vs 0.24). AOI has higher dividend yield (3.2% vs 2.4%). AOI has a higher P/E ratio (8.708 vs 6.241) indicating it’s more expensive.
- Ovintiv Inc (OVV) vs ARC Resources Ltd (ARX)
- OVV has higher EPS (10.63 vs 2.61). ARX has higher dividend yield (2.9% vs 2.4%). ARX has a higher P/E ratio (8.981 vs 6.241) indicating it’s more expensive.
- Ovintiv Inc (OVV) vs Athabasca Oil Corporation (ATH)
- OVV has higher EPS (10.63 vs -0.09). OVV provides dividends, while ATH does not. ATH has a P/E under 0, indicating OVV (P/E 6.241) is in a better position.
- Ovintiv Inc (OVV) vs Birchcliff Energy Ltd (BIR)
- OVV has higher EPS (10.63 vs 0.32). BIR has higher dividend yield (7.2% vs 2.4%). BIR has a higher P/E ratio (17.25 vs 6.241) indicating it’s more expensive.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (6.24) than the industry average (9.55), indicating potential undervaluation.
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