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Ovintiv (OVV)

(Real Time Quote from BATS)

$40.05 USD

40.05
2,805,242

-1.54 (-3.70%)

Updated Aug 5, 2024 03:18 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value B Growth B Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 17% (42 out of 251)

Industry: Oil and Gas - Exploration and Production - Canadian

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Balance Sheet

Research for OVV

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Ovintiv Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 3 5 195 10 190
Receivables 1,459 1,637 1,391 1,200 1,531
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 214 53 1 37 148
Total Current Assets 1,676 1,695 1,587 1,247 1,869
Net Property & Equipment 14,640 9,468 8,761 9,450 15,191
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 53 271 0 0 601
Intangibles 2,599 2,584 2,628 2,625 2,611
Deposits & Other Assets 1,019 1,038 1,079 1,147 1,215
Total Assets 19,987 15,056 14,055 14,469 21,487
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,209 2,221 1,979 1,704 2,239
Current Portion Long-Term Debt 284 393 0 518 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 232 4 4 3 1
Other Current Liabilities 0 86 703 130 114
Total Current Liabilities 2,812 2,780 2,748 2,423 2,432
Mortgages 0 0 0 0 0
Deferred Taxes/Income 110 184 4 20 217
Convertible Debt 0 0 0 0 0
Long-Term Debt 5,453 3,177 4,786 6,367 6,974
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 410 412 554 884 957
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 9,617 7,367 8,981 10,632 11,557
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3 3 3 3 7,061
Capital Surplus 8,620 7,776 8,458 8,531 1,402
Retained Earnings 697 -1,081 -4,479 -5,773 421
Other Equity 1,050 991 1,092 1,076 1,046
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 10,370 7,689 5,074 3,837 9,930
Total Liabilities & Shareholder's Equity 19,987 15,056 14,055 14,469 21,487
Total Common Equity 10,370 7,689 5,074 3,837 9,930
Shares Outstanding 272.90 245.70 258.00 259.80 259.80
Book Value Per Share 38.00 31.29 19.67 14.77 38.22

Fiscal Year End for Ovintiv Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 8 5 3 3 52
Receivables 1,275 1,301 1,459 1,528 1,260
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 117 146 214 50 167
Total Current Assets 1,400 1,452 1,676 1,581 1,479
Net Property & Equipment 14,844 14,808 14,640 14,515 14,217
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 53 199 157
Intangibles 2,577 2,583 2,599 2,585 2,598
Deposits & Other Assets 988 991 1,019 1,020 1,068
Total Assets 19,809 19,834 19,987 19,900 19,519
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 1,872 1,920 2,209 2,420 2,443
Current Portion Long-Term Debt 1,234 745 284 709 680
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 2 10 232 151 97
Other Current Liabilities 7 30 0 182 5
Total Current Liabilities 3,200 2,783 2,812 3,543 3,310
Mortgages 0 0 0 0 0
Deferred Taxes/Income 216 113 110 143 184
Convertible Debt 0 0 0 0 0
Long-Term Debt 4,853 5,453 5,453 5,454 5,454
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 408 410 395 408
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 9,481 9,572 9,617 10,348 10,203
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 3 3 3 3 3
Capital Surplus 8,170 8,331 8,620 8,644 8,671
Retained Earnings 1,215 955 697 -77 -401
Other Equity 940 973 1,050 982 1,043
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 10,328 10,262 10,370 9,552 9,316
Total Liabilities & Shareholder's Equity 19,809 19,834 19,987 19,900 19,519
Total Common Equity 10,328 10,262 10,370 9,552 9,316
Shares Outstanding 263.60 266.90 272.90 272.90 273.80
Book Value Per Share 39.18 38.45 38.00 35.00 34.02