Ovintiv Inc. (OVV) Stock
Ovintiv Inc. is an energy company primarily focused on the exploration, production, and sale of natural gas, crude oil, and natural gas liquids (NGLs).
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About Ovintiv Inc.
Ovintiv Inc. is an energy company primarily focused on the exploration, production, and sale of natural gas, crude oil, and natural gas liquids (NGLs). Its activities are managed across three main segments: operations within the United States, operations in Canada, and market optimization efforts. The company holds significant resource plays, notably in the Permian Basin of West Texas, the Anadarko Basin in west-central Oklahoma, and the Montney region spanning northeastern British Columbia and northwestern Alberta. Additional upstream holdings include the Bakken formation in North Dakota, the Uinta Basin in central Utah, the Horn River Basin in northeastern British Columbia, and Wheatland in southern Alberta. Ovintiv Inc. was formed in 2020, the same year it adopted its current name, having previously been known as Encana Corporation. Its corporate headquarters are located in Denver, Colorado.
Ovintiv Inc. is led by CEO Brendan Michael McCracken, employs 1,465 people, headquartered in Denver, US, publicly traded since 2002.
Ovintiv Inc. (OVV) stock trades at $60.75 with a market capitalization of $16.80B. The stock is valued at a price-to-earnings (P/E) ratio of 12.55, price-to-book of 1.51, price-to-sales of 1.92. Over the past 52 weeks the stock has ranged between $35.47 and $63.64, and currently trades 4.5% below its 52-week high. It pays a dividend yielding 1.97%.
On profitability, Ovintiv Inc. generates a return on equity (ROE) of 11.09%, return on capital employed of 16.89%, an operating margin of 21.65%, a net profit margin of 8.62%.
In its most recent fiscal year, Ovintiv Inc. reported annual revenue of $8.7B, net profit of $1.2B, revenue has compounded at 7.5% a year over the last five years.
The balance sheet shows a debt-to-equity ratio of 0.67, a current ratio of 0.54, total assets of $20.4B, $35.0M in cash and equivalents.
OVV has an average daily trading volume of 3,617,967 shares, a beta of 0.53 (less volatile than the overall market).
Official website: www.ovintiv.com