Ovintiv Inc. OVV
Composite 56/100; the shares have moved about 36% annualised. Names that move more contribute more risk for the same amount invested, and our composite reflects how strong the evidence for this one is right now.
Growth ranks 38/100 — a moderate mark against it.
Momentum ranks 78/100 — a strong point in its favour. Valuation ranks 61/100 — a slight point in its favour. Income ranks 56/100 — a slight point in its favour.
Growth ranks 38/100 — a moderate mark against it.
What the company does Ovintiv Inc. explores, develops, produces, and markets oil, natural gas, and NGLs primarily in the Permian Basin (West Texas), Anadarko Basin (Oklahoma), and Montney region (northwest Alberta/northeast British Columbia). The company rebranded from Encana in 2020 and operates through USA and Canadian segments, emphasizing high-return resource plays.
Key financials Ovintiv reports strong operational margins: gross 53.9%, operating 36.2%, and net 9.7%, with revenue and EPS growth of 29.7% and 37.3%, respectively. Profitability metrics are mixed: ROE 8.4%, ROA 8.6%, ROCE 1.6%, while leverage remains moderate (Debt/Equity 0.44, Net debt/EBITDA 0.89).
Stock health Momentum is positive: 6-month +43.78%, 12-month +50.04%, though down 4.30% from its 52-week high. Sideravia scores Valuation 70.4 and Momentum 66.7, indicating attractive valuation and positive trend strength.
Price vs fair value The stock trades at a **discount** of 130.90% versus our fair-value estimate and a **discount** of 17.85% versus the analyst 12-month target. - Q2 earnings missed estimates despite revenue growth (Zacks) - Permian and Montney assets highlighted as key value drivers (Zacks) - RBC sees valuation upside as portfolio strength and returns improve (MT Newswires)
Looking forward Forward P/E of 9.58 and PEG of 0.11 suggest undemanding valuation, supported by strong FCF yield (7.2%) and dividend coverage (payout 33.5%). Analysts (n=22) remain constructive with a 12-month target of $72.86.
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Data as of 2026-09-03, compiled from third-party sources; errors and delays are possible and figures are not warranted. Investing puts your capital at risk; past performance does not predict future results. We publish our full track record, including the calls that lost, and our conflicts of interest.