Ovintiv Inc (OVV)
Fair ValueFundamental
68
Price
$57.82
Market Cap
$16.47B
Part 1 · What the company is worth
Overview
Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in the Montney in northwest Alberta and 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.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users
A US independent of similar size whose oil-weighted output comes from the same Permian and mid-continent shale plays Ovintiv drills, so the two bid against each other for acreage, rigs and frac crews and sell the same barrels into the same Gulf Coast markets.
The largest pure-play operator in the Midland Basin, where Ovintiv's US drilling is now concentrated, competing directly for the same undrilled inventory, oilfield services and midstream capacity in West Texas.
A Permian-focused independent of comparable scale that competes for the same West Texas and New Mexico shale acreage, the same service crews and the same light-oil buyers.
Canada's largest pure-play Montney producer, competing with Ovintiv's Canadian arm for the same liquids-rich Montney land, processing and pipeline capacity in Alberta and northeast British Columbia.
Canada's biggest natural gas producer, with Montney and Deep Basin assets that sell gas and condensate to the same Western Canadian buyers and export routes Ovintiv depends on.
A multi-basin US independent that, like Ovintiv, splits capital between oily Permian wells and gas-weighted plays, competing for the same drilling inventory and the same mix of oil and gas customers.
Balance Sheet & Liquidity
Revenue
$9.52B
Trailing 12 months (through 6/30/2026)
Net Income
$920M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$1.50B
Total Equity
$11.20B
Total Liabilities
$9.20B
Current Ratio
1.01
Interest Coverage
2.45
Debt/EBITDA
1.52
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$57.88
Current Price
$57.82
Margin of Safety
+0.1%
Fair Value Range
$37.62 - $78.14
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
16.61
ROE
11.1%
P/B Ratio
1.39
P/FCF
7.03
Gross Margin
-
ROIC
4.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.4%
WACC
7.5%
ROIC − WACC
-3.1 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- P/FCF 7.03
- P/B Ratio 1.39
- Debt/Equity ratio
- Operating Margin 10.0%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 8.3%
- Revenue Growth 5Y 7.9%
- Analyst Consensus 80% Buy
- Earnings Surprise avg 11.3%
- Earnings Quality (OCF/NI) 4.84
- Share Dilution -2.8%
- Net Margin Trend 9.7% vs 6.6%
- Piotroski F-Score 7/9
Failed (7)
- EPS CAGR 1.48%
- Price CAGR 0.82%
- ROIC 4.4%
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Fairly valued)
Unavailable (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Brendan Michael McCracken | President, CEO & Director | 49 |
| Mr. Corey Douglas Code CPA | Executive VP & CFO | 51 |
| Mr. Gregory Dean Givens | Executive VP & COO | 52 |
| Ms. Meghan Nicole Eilers | Executive Vice President of Commercial and Legal Affairs | 43 |
| Ms. Rachel Maureen Moore CHRP | Executive Vice President of Corporate Services | 53 |
Audit Risk
3
Board Risk
1
Compensation Risk
1
Shareholder Rights Risk
1
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-23
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-23
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-27
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for OVV, sourced from Markets Gazette.
- 5/12/2026POSITIVEOvintiv Analysts Raise Their Forecasts After Better-Than-Expected Q1 Earnings
Ovintiv Inc. (OVV) has seen its Q1 earnings surpass expectations, prompting analysts to revise their forecasts upwards. While specific earnings figures and revenue details are not provided in this update, the positive sentiment from analysts at firms like RBC Capital and Morgan Stanley suggests a strong operational performance. The recent analyst actions, including upgrades and maintained overweight ratings, indicate growing confidence in the company's future prospects. Investors should monitor OVV for potential upward price momentum as market sentiment aligns with these improved analyst outlooks.
- 5/12/2026NEUTRALOvintiv Reports Q1 2026 Results: Full Earnings Call Transcript
Ovintiv Inc. has released its Q1 2026 earnings call transcript. While the transcript provides detailed insights into the company's operational performance, financial health, and strategic outlook for the upcoming quarters, it does not contain specific financial figures or forward-looking guidance that would indicate a significant deviation from market expectations or a clear directional shift. Investors will need to analyze the full transcript for nuanced details regarding production levels, cost management, and capital allocation strategies to form their own investment thesis.
- 3/5/2026NEUTRALWhere Ovintiv Stands With Analysts
Recent analyst rating revisions for Ovintiv Inc. (OVV) present a mixed picture. In March 2022, B of A Securities downgraded the stock from Buy to Neutral, signaling potential caution. However, in February 2022, RBC Capital upgraded its rating from Sector Perform to Outperform, indicating a more positive outlook. In January 2022, Morgan Stanley maintained its Overweight recommendation. This mix of judgments suggests that while some analysts still see potential, others are adopting a more prudent approach, making the overall sentiment neutral pending further developments.
- 2/24/2026NEUTRALOvintiv (OVV) Q4 2025 Earnings Call Transcript
Ovintiv (OVV) investors are keenly awaiting the full details from the Q4 2025 earnings conference call, which took place on February 24, 2026. While the complete transcript is not yet available, this event is a critical juncture for understanding the company's financial performance during the fiscal year's final quarter. The current lack of specific information prevents any immediate directional assessment of the stock. Analysts and the market will closely monitor the eventual release of the data to evaluate revenues, profits, and management's future outlook, all of which will be crucial for guiding subsequent market movements.
via Markets Gazette