GoAI
Get started
Ovintiv Inc. logo

Ovintiv Inc.

OVV

NYSEEnergyOil & Gas Exploration & Production

Open in GoAI

Previous close

$66.82

+$0.12 · +0.18%

Aug 21, 4:00 PM ET

Pre-market

$66.49

−$0.33 · -0.49%

Aug 24, 7:42 AM ET

OVV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

60

Fair Value

Momentum

49

Neutral

Sentiment

76

Bullish

Risk resilience

71

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Oil & Gas Exploration & Production
Sector
Energy
Headquarters
US
CEO
Brendan Michael McCracken
Listed since
Apr 8, 2002
Employees
1,465

Market position

Day range

Current $66.82

52-week range

Current $66.82

Open
$66.92
Previous close
$66.70
Volume
3.06M
0.87× average
Average volume
3.51M
Average daily volume
Market cap
18.48B USD
Beta
0.54
Market reference 1
50-day average
$58.3192
+14.58% above average
200-day average
$51.3482
+30.13% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.57B USD
P/E (TTM)
18.98×
P/B (TTM)
1.63×
P/S (TTM)
1.92×
EV / EBITDA
5.24×
Earnings yield
12.32%
Free cash flow yield
14.93%
Dividend yield
1.80%

Profitability & efficiency

Gross margin
51.30%
Operating margin
25.67%
Net margin
9.55%
Return on equity
11.09%
Return on assets
6.09%
Return on invested capital
10.21%

Financial health

Debt / equity
0.43×
Current ratio
0.54×
Altman Z-score
2.19
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%42%25%8%Gross margin, FY2021: 48.79%Gross margin, FY2022: 55.21%Gross margin, FY2023: 54.22%Gross margin, FY2024: 54.45%Gross margin, FY2025: 28.57%Operating margin, FY2021: 17.54%Operating margin, FY2022: 30.91%Operating margin, FY2023: 26.32%Operating margin, FY2024: 17.25%Operating margin, FY2025: 21.65%Net margin, FY2021: 16.35%Net margin, FY2022: 29.18%Net margin, FY2023: 19.16%Net margin, FY2024: 12.29%Net margin, FY2025: 14.22%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 48.79%. Gross margin FY2022 55.21%. Gross margin FY2023 54.22%. Gross margin FY2024 54.45%. Gross margin FY2025 28.57%. Operating margin FY2021 17.54%. Operating margin FY2022 30.91%. Operating margin FY2023 26.32%. Operating margin FY2024 17.25%. Operating margin FY2025 21.65%. Net margin FY2021 16.35%. Net margin FY2022 29.18%. Net margin FY2023 19.16%. Net margin FY2024 12.29%. Net margin FY2025 14.22%.

Income trends

Revenue

8.74B USD-4.55%

Operating income

1.89B USD+19.76%

Net income

1.24B USD+10.40%
Income trends across reported periods13.6B USD9.06B USD4.53B USD−8.9M USDRevenue, FY2021: 8.66B USDRevenue, FY2022: 12.46B USDRevenue, FY2023: 10.88B USDRevenue, FY2024: 9.15B USDRevenue, FY2025: 8.74B USDOperating income, FY2021: 1.52B USDOperating income, FY2022: 3.85B USDOperating income, FY2023: 2.86B USDOperating income, FY2024: 1.58B USDOperating income, FY2025: 1.89B USDNet income, FY2021: 1.42B USDNet income, FY2022: 3.64B USDNet income, FY2023: 2.09B USDNet income, FY2024: 1.13B USDNet income, FY2025: 1.24B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.66B USD. Revenue FY2022 12.46B USD. Revenue FY2023 10.88B USD. Revenue FY2024 9.15B USD. Revenue FY2025 8.74B USD. Operating income FY2021 1.52B USD. Operating income FY2022 3.85B USD. Operating income FY2023 2.86B USD. Operating income FY2024 1.58B USD. Operating income FY2025 1.89B USD. Net income FY2021 1.42B USD. Net income FY2022 3.64B USD. Net income FY2023 2.09B USD. Net income FY2024 1.13B USD. Net income FY2025 1.24B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue8.74B USD9.15B USD10.88B USD12.46B USD8.66B USD
Cost of goods sold6.24B USD4.17B USD4.98B USD5.58B USD4.43B USD
Gross profit2.5B USD4.98B USD5.9B USD6.88B USD4.22B USD
Selling, general, and administrative319M USD323M USD300M USD422M USD442M USD
Operating expenses605M USD3.4B USD3.04B USD3.03B USD2.71B USD
Interest expense376M USD412M USD355M USD311M USD340M USD
Depreciation and amortization2.21B USD2.29B USD1.83B USD1.11B USD1.19B USD
Operating income1.89B USD1.58B USD2.86B USD3.85B USD1.52B USD
Net income1.24B USD1.13B USD2.09B USD3.64B USD1.42B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+16.39%
11 comparable reports
Latest EPS result
1.74
Estimate 1.94 · Miss by 10.31%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.021.631.230.84Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 1.35, estimate 1.23, surprise +9.76%, Beat. Q2 2025, reported May 6, 2025: actual 1.42, estimate 0.921, surprise +54.18%, Beat. Q3 2025, reported Jul 24, 2025: actual 1.02, estimate 1.04, surprise -1.92%, Miss. Q4 2025, reported Nov 4, 2025: actual 1.03, estimate 0.948, surprise +8.65%, Beat. Q1 2026, reported Feb 23, 2026: actual 1.39, estimate 1.01, surprise +37.62%, Beat. Q2 2026, reported May 11, 2026: actual 1.9, estimate 1.89, surprise +0.53%, Beat. Q3 2026, reported Jul 23, 2026: actual 1.74, estimate 1.94, surprise -10.31%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 1.79, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.13B2.68B2.23B1.78BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 26, 2025: actual 2.19B USD, estimate 2.3B USD, surprise -4.80%, Miss. Q2 2025, reported May 6, 2025: actual 2.38B USD, estimate 1.99B USD, surprise +19.42%, Beat. Q3 2025, reported Jul 24, 2025: actual 2.32B USD, estimate 1.9B USD, surprise +21.75%, Beat. Q4 2025, reported Nov 4, 2025: actual 2.02B USD, estimate 1.98B USD, surprise +1.91%, Beat. Q1 2026, reported Feb 23, 2026: actual 2.07B USD, estimate 1.93B USD, surprise +7.16%, Beat. Q2 2026, reported May 11, 2026: actual 2.53B USD, estimate 2.38B USD, surprise +6.24%, Beat. Q3 2026, reported Jul 23, 2026: actual 3.01B USD, estimate 2.37B USD, surprise +27.27%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 2.34B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$72.10

7.90% upside
Past 12 months12-month forecastHigh $85.00Average $72.10Low $55.00

Rating distribution

27 ratings
Strong buy00%
Buy2178%
Hold622%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Stephens & Co.maintainEqual Weight

OVV news

gurufocus.com

Ovintiv Inc (OVV) Shares Surge 3.6% -- What GF Score of 63 Tells Investors

On July 29, 2026, Ovintiv Inc (OVV) shares rose 3.6% to a current price of $61.28, while trading within a 52-week range of $35.47 to $64.61. The stock has shown

Read source
seekingalpha.com

Ovintiv: Solid Free Cash Flow With Natural Gas Upside

Ovintiv is now a pure-play Permian and Montney producer, generating robust free cash flow even at depressed gas and NGL prices. I model upside to $79/share on conservative commodity price assumptions, with further…

Read source
zacks.com

Why Ovintiv's Permian and Montney Assets Matter for Investors Today

OVV is sharpening its focus on the Permian and Montney, where stronger wells, deep inventory and disciplined spending aim to drive lasting cash flow.

Read source
seekingalpha.com

Ovintiv: Better Estimates And A Stronger Balance Sheet Support A Buy

Ovintiv is rated a Buy at $61.83, with a base case price target of $68.38, reflecting improved balance sheet strength and stabilized forward earnings. Leverage has dropped sharply to 0.6x, driven by asset sales,…

Read source
zacks.com

Ovintiv Q2 Earnings Miss Estimates, Revenues Increase Y/Y

OVV's Q2 earnings miss estimates despite a 30% revenue jump, as lower gas prices and higher costs offset stronger oil pricing and cash flow.

Read source
defenseworld.net

Ovintiv Q2 Earnings Call Highlights

Ovintiv (NYSE: OVV) reported second-quarter 2026 free cash flow of $682 million and cash flow per share of $4.46, with both measures exceeding consensus estimates, according to executives on the company's earnings call.…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.20

2025 complete year+156.7% since 2021

2026 partial: $0.60

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 15, 2026

$0.30

Quarterly

Record Sep 15, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.30

Quarterly

Record Jun 15, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.30

Quarterly

Record Mar 13, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 15, 2025

$0.30

Quarterly

Record Dec 15, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 15, 2025

$0.30

Quarterly

Record Sep 15, 2025 · Payment Sep 29, 2025

Dividend

Ex-dividend Jun 13, 2025

$0.30

Quarterly

Record Jun 13, 2025 · Payment Jun 30, 2025

OVV peers

Exxon Mobil Corporation logo

XOM

Exxon Mobil Corporation

$165.11

-0.63%

Chevron Corporation logo

CVX

Chevron Corporation

$205.24

-0.26%

Shell plc logo

SHEL

Shell plc

$93.33

-0.34%

TotalEnergies SE logo

TTE

TotalEnergies SE

$89.89

-1.11%

ConocoPhillips logo

COP

ConocoPhillips

$134.87

-0.01%

Petróleo Brasileiro S.A. - Petrobras logo

PBR

Petróleo Brasileiro S.A. - Petrobras

$19.15

+0.74%

ETFs holding OVV

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
608.25M
Weight
0.47%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
558.78M
Weight
0.02%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
403.37M
Weight
0.22%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
256.28M
Weight
0.37%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
198.13M
Weight
0.21%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
134.53M
Weight
0.51%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$699.6+0.48%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
122.03M
Weight
0.83%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Pacer US Cash Cows 100 ETF logoPacer US Cash Cows 100 ETFCOWZ
Market value
111.8M
Weight
0.56%
AUM
19.75B USD
Expense ratio
0.49%
Price / 1D
$72.02+1.12%

Continue in GoAI

Research OVV

research.disclaimer