Ovintiv Stock Net Income
| OVV Stock | CAD 59.15 0.52 0.89% |
As of the 2nd of February, Ovintiv holds the Risk Adjusted Performance of 0.0997, coefficient of variation of 774.4, and Semi Deviation of 1.8. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ovintiv, as well as the relationship between them.
Ovintiv Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 1.9458 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 1 B | 869.1 M | |
| Net Income From Continuing Ops | 1.3 B | 1.4 B | |
| Net Income Applicable To Common Shares | 1.3 B | 1.4 B | |
| Net Income Per Share | 4.89 | 7.96 | |
| Net Income Per E B T | 0.96 | 1.01 |
Ovintiv | Net Income |
Evaluating Ovintiv's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Ovintiv's fundamental strength.
Latest Ovintiv's Net Income Growth Pattern
Below is the plot of the Net Income of Ovintiv over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Ovintiv financial statement analysis. It represents the amount of money remaining after all of Ovintiv operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Ovintiv's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Ovintiv's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.12 B | 10 Years Trend |
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Net Income |
| Timeline |
Ovintiv Net Income Regression Statistics
| Arithmetic Mean | 106,979,758 | |
| Geometric Mean | 976,040,661 | |
| Coefficient Of Variation | 2,443 | |
| Mean Deviation | 1,827,046,916 | |
| Median | 827,000,000 | |
| Standard Deviation | 2,613,210,544 | |
| Sample Variance | 6828869.3T | |
| Range | 9.7B | |
| R-Value | 0.24 | |
| Mean Square Error | 6862888.6T | |
| R-Squared | 0.06 | |
| Significance | 0.35 | |
| Slope | 124,445,636 | |
| Total Sum of Squares | 109261909.6T |
Ovintiv Net Income History
Ovintiv Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Ovintiv is extremely important. It helps to project a fair market value of Ovintiv Stock properly, considering its historical fundamentals such as Net Income. Since Ovintiv's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ovintiv's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ovintiv's interrelated accounts and indicators.
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Ovintiv 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Ovintiv's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Ovintiv.
| 11/04/2025 |
| 02/02/2026 |
If you would invest 0.00 in Ovintiv on November 4, 2025 and sell it all today you would earn a total of 0.00 from holding Ovintiv or generate 0.0% return on investment in Ovintiv over 90 days. Ovintiv is related to or competes with Whitecap Resources, ARC Resources, Keyera Corp, Strathcona Resources, Tourmaline Oil, PrairieSky Royalty, and Peyto ExplorationDevel. Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natu... More
Ovintiv Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Ovintiv's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Ovintiv upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.36 |
Ovintiv Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ovintiv's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ovintiv's standard deviation. In reality, there are many statistical measures that can use Ovintiv historical prices to predict the future Ovintiv's volatility.| Risk Adjusted Performance | 0.0997 | |||
| Jensen Alpha | 0.2589 | |||
| Total Risk Alpha | 0.1497 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | (0.62) |
Ovintiv February 2, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0997 | |||
| Market Risk Adjusted Performance | (0.61) | |||
| Mean Deviation | 1.51 | |||
| Semi Deviation | 1.8 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 774.4 | |||
| Standard Deviation | 1.98 | |||
| Variance | 3.91 | |||
| Information Ratio | 0.1064 | |||
| Jensen Alpha | 0.2589 | |||
| Total Risk Alpha | 0.1497 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | (0.62) | |||
| Maximum Drawdown | 8.62 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.36 | |||
| Downside Variance | 4.14 | |||
| Semi Variance | 3.23 | |||
| Expected Short fall | (1.59) | |||
| Skewness | (0.27) | |||
| Kurtosis | 0.3317 |
Ovintiv Backtested Returns
Ovintiv appears to be very steady, given 3 months investment horizon. Ovintiv maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Ovintiv, which you can use to evaluate the volatility of the company. Please evaluate Ovintiv's Semi Deviation of 1.8, risk adjusted performance of 0.0997, and Coefficient Of Variation of 774.4 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ovintiv holds a performance score of 8. The company holds a Beta of -0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ovintiv are expected to decrease at a much lower rate. During the bear market, Ovintiv is likely to outperform the market. Please check Ovintiv's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Ovintiv's historical price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Ovintiv has good predictability. Overlapping area represents the amount of predictability between Ovintiv time series from 4th of November 2025 to 19th of December 2025 and 19th of December 2025 to 2nd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Ovintiv price movement. The serial correlation of 0.68 indicates that around 68.0% of current Ovintiv price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 5.09 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Ovintiv Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Ovintiv reported net income of 1.12 B. This is 50.48% lower than that of the Oil, Gas & Consumable Fuels sector and 226.9% higher than that of the Energy industry. The net income for all Canada stocks is 97.03% lower than that of the firm.
Ovintiv Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ovintiv's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ovintiv could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics of similar companies.Ovintiv is currently under evaluation in net income category among its peers.
Ovintiv ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ovintiv's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ovintiv's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Ovintiv Fundamentals
| Return On Equity | 0.0226 | ||||
| Return On Asset | 0.0656 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.20 % | ||||
| Current Valuation | 23.58 B | ||||
| Shares Outstanding | 253.26 M | ||||
| Shares Owned By Insiders | 0.46 % | ||||
| Shares Owned By Institutions | 90.38 % | ||||
| Number Of Shares Shorted | 5.32 M | ||||
| Price To Earning | 5.83 X | ||||
| Price To Book | 1.07 X | ||||
| Price To Sales | 1.71 X | ||||
| Revenue | 9.15 B | ||||
| Gross Profit | 4.54 B | ||||
| EBITDA | 4.05 B | ||||
| Net Income | 1.12 B | ||||
| Cash And Equivalents | 42 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 6.29 B | ||||
| Debt To Equity | 0.84 % | ||||
| Current Ratio | 0.51 X | ||||
| Book Value Per Share | 54.71 X | ||||
| Cash Flow From Operations | 3.72 B | ||||
| Short Ratio | 14.27 X | ||||
| Earnings Per Share | 1.27 X | ||||
| Price To Earnings To Growth | 0.06 X | ||||
| Target Price | 67.19 | ||||
| Number Of Employees | 1.62 K | ||||
| Beta | 0.77 | ||||
| Market Capitalization | 15.01 B | ||||
| Total Asset | 19.25 B | ||||
| Retained Earnings | 1.51 B | ||||
| Working Capital | (1.31 B) | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.82 % | ||||
| Net Asset | 19.25 B | ||||
| Last Dividend Paid | 1.2 |
About Ovintiv Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ovintiv's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ovintiv using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ovintiv based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ovintiv
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ovintiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ovintiv will appreciate offsetting losses from the drop in the long position's value.Moving against Ovintiv Stock
The ability to find closely correlated positions to Ovintiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ovintiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ovintiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ovintiv to buy it.
The correlation of Ovintiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ovintiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ovintiv moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ovintiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in 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 small area income & poverty estimates. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.