Ovintiv Tops Q4 Earnings and Revenue Estimates - Zacks Investment Research
| OVV Stock | CAD 63.81 0.19 0.30% |
About 61% of Ovintiv's investor base is looking to short. The current sentiment of investing in Ovintiv suggests that many traders are alarmed. Ovintiv's investing sentiment overview a quick insight into current market opportunities from investing in Ovintiv. Many technical investors use Ovintiv stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Ovintiv |
Ovintiv Tops Q4 Earnings and Revenue Estimates Zacks Investment Research
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Ovintiv Fundamental Analysis
We 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.
Price To Earnings To Growth
Price To Earnings To Growth Comparative Analysis
PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Ovintiv Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ovintiv stock to make a market-neutral strategy. Peer analysis of Ovintiv could also be used in its relative valuation, which is a method of valuing Ovintiv by comparing valuation metrics with similar companies.
Peers
Ovintiv Related Equities
| YGR | Yangarra Resources | 3.03 | ||||
| PNE | Pine Cliff | 1.15 |
Check out Ovintiv Hype Analysis, Ovintiv Correlation and Ovintiv Performance. To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.