Ovintiv Stock Buy Hold or Sell Recommendation
| OVV Stock | USD 46.59 0.85 1.86% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Ovintiv is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Ovintiv given historical horizon and risk tolerance towards Ovintiv. When Macroaxis issues a 'buy' or 'sell' recommendation for Ovintiv, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Ovintiv Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide. Note, we conduct extensive research on individual companies such as Ovintiv and provide practical buy, sell, or hold advice based on investors' constraints. Ovintiv. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Ovintiv |
Execute Ovintiv Buy or Sell Advice
The Ovintiv recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ovintiv. Macroaxis does not own or have any residual interests in Ovintiv or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ovintiv's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Ovintiv Trading Alerts and Improvement Suggestions
| Ovintiv has 6.68 B in debt with debt to equity (D/E) ratio of 0.69, which is OK given its current industry classification. Ovintiv has a current ratio of 0.5, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Ovintiv to invest in growth at high rates of return. | |
| Ovintiv has a strong financial position based on the latest SEC filings | |
| Over 84.0% of Ovintiv shares are owned by institutional investors | |
| On 27th of September 2024 Ovintiv paid $ 0.3 per share dividend to its current shareholders | |
| Latest headline from thelincolnianonline.com: Drive Wealth Management LLC Grows Stock Holdings in Ovintiv Inc. |
Ovintiv Returns Distribution Density
The distribution of Ovintiv's historical returns is an attempt to chart the uncertainty of Ovintiv's future price movements. The chart of the probability distribution of Ovintiv daily returns describes the distribution of returns around its average expected value. We use Ovintiv price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ovintiv returns is essential to provide solid investment advice for Ovintiv.
| Mean Return | 0.14 | Value At Risk | -3.79 | Potential Upside | 4.10 | Standard Deviation | 2.26 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ovintiv historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Ovintiv Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Ovintiv, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Ovintiv back and forth among themselves.
| Shares | Holocene Advisors, Lp | 2024-06-30 | 3.1 M | Bank Of New York Mellon Corp | 2024-06-30 | 3.1 M | Aqr Capital Management Llc | 2024-06-30 | 3 M | Point72 Asset Management, L.p. | 2024-06-30 | 2.7 M | Amvescap Plc. | 2024-06-30 | 2.4 M | Northern Trust Corp | 2024-09-30 | 2.1 M | Bank Of America Corp | 2024-06-30 | 2.1 M | Alyeska Investment Group, L.p. | 2024-06-30 | 2 M | Mariner Wealth Advisors Llc | 2024-06-30 | 1.9 M | Blackrock Inc | 2024-06-30 | 30 M | Vanguard Group Inc | 2024-09-30 | 29 M |
Ovintiv Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (868M) | (180M) | 185M | (190M) | (2M) | (2.1M) | |
| Free Cash Flow | 295M | 159M | 1.6B | 2.0B | 1.4B | 1.5B | |
| Depreciation | 2.0B | 1.9B | 1.2B | 1.1B | 1.8B | 1.6B | |
| Other Non Cash Items | 2.5B | 7.5B | 1.8B | (610M) | (174M) | (165.3M) | |
| Dividends Paid | 102M | 97M | 122M | 239M | 307M | 284.7M | |
| Capital Expenditures | 2.6B | 1.7B | 1.5B | 1.8B | 2.7B | 3.0B | |
| Net Income | 234M | (6.1B) | 1.4B | 3.6B | 2.1B | 2.2B | |
| End Period Cash Flow | 190M | 10M | 195M | 5M | 3M | 2.9M | |
| Investments | (2.6B) | (1.9B) | (20M) | (1.8B) | (5.5B) | (5.2B) | |
| Net Borrowings | 114M | (20M) | (2.1B) | (1.3B) | (1.5B) | (1.6B) | |
| Change To Netincome | 645M | 6.0B | 93M | (658M) | (592.2M) | (562.6M) |
Ovintiv Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ovintiv or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ovintiv's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ovintiv stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.85 | |
σ | Overall volatility | 2.29 | |
Ir | Information ratio | 0.02 |
Ovintiv Volatility Alert
Ovintiv currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of 0.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ovintiv's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ovintiv's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Ovintiv Fundamentals Vs Peers
Comparing Ovintiv's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ovintiv's direct or indirect competition across all of the common fundamentals between Ovintiv and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ovintiv or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ovintiv's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Ovintiv to competition |
| Fundamentals | Ovintiv | Peer Average |
| Return On Equity | 0.2 | -0.31 |
| Return On Asset | 0.0868 | -0.14 |
| Profit Margin | 0.21 % | (1.27) % |
| Operating Margin | 0.24 % | (5.51) % |
| Current Valuation | 18.67 B | 16.62 B |
| Shares Outstanding | 260.32 M | 571.82 M |
| Shares Owned By Insiders | 0.49 % | 10.09 % |
| Shares Owned By Institutions | 83.62 % | 39.21 % |
| Number Of Shares Shorted | 4.36 M | 4.71 M |
| Price To Earning | 3.93 X | 28.72 X |
| Price To Book | 1.12 X | 9.51 X |
| Price To Sales | 1.25 X | 11.42 X |
| Revenue | 10.66 B | 9.43 B |
| Gross Profit | 7.28 B | 27.38 B |
| EBITDA | 4.71 B | 3.9 B |
| Net Income | 2.08 B | 570.98 M |
| Cash And Equivalents | 5 M | 2.7 B |
| Cash Per Share | 0.07 X | 5.01 X |
| Total Debt | 6.68 B | 5.32 B |
| Debt To Equity | 0.69 % | 48.70 % |
| Current Ratio | 0.51 X | 2.16 X |
| Book Value Per Share | 40.92 X | 1.93 K |
| Cash Flow From Operations | 4.17 B | 971.22 M |
| Short Ratio | 1.51 X | 4.00 X |
| Earnings Per Share | 7.78 X | 3.12 X |
| Price To Earnings To Growth | 0.11 X | 4.89 X |
| Target Price | 58.99 | |
| Number Of Employees | 1.74 K | 18.84 K |
| Beta | 2.64 | -0.15 |
| Market Capitalization | 11.91 B | 19.03 B |
| Total Asset | 19.99 B | 29.47 B |
| Retained Earnings | 697 M | 9.33 B |
| Working Capital | (1.14 B) | 1.48 B |
Note: Acquisition by Gregory Givens of 557 shares of Ovintiv subject to Rule 16b-3 [view details]
Ovintiv Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ovintiv . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Ovintiv Buy or Sell Advice
When is the right time to buy or sell Ovintiv? Buying financial instruments such as Ovintiv Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Ovintiv in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Entertainment Thematic Idea Now
Entertainment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Entertainment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Entertainment Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Ovintiv Stock Analysis
When running Ovintiv's price analysis, check to measure Ovintiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.