OVV: Ovintiv, Inc.
About
Ovintiv, Inc. engages in the production and development of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations, and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is responsible for the sale of the company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.
Current Value
$44.671 Year Return
Current Value
$44.671 Year Return
Key Details
Market Cap
$11.61B
P/E Ratio
5.92
1Y Stock Return
-0.16%
1Y Revenue Growth
-12.41%
Dividend Yield
2.62%
Price to Book
1.1
Strategies that include OVV
Stock's related to OVV
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MTDR | 83.44% | $7.21B | -1.21% | 1.47% |
| MUR | 82.83% | $4.74B | -23.99% | 3.70% |
| MGY | 82.05% | $5.36B | +26.87% | 1.90% |
| PR | 80.49% | $10.64B | +15.08% | 3.02% |
| CIVI | 80.10% | $4.91B | -21.31% | 3.94% |
| DVN | 79.58% | $24.90B | -14.49% | 2.84% |
| SM | 78.08% | $5.02B | +16.26% | 1.68% |
| FANG | 77.95% | $52.59B | +18.15% | 2.79% |
| NOG | 77.39% | $4.10B | +9.43% | 3.97% |
| VTLE | 76.47% | $1.19B | -32.18% | 0.00% |
| EOG | 75.40% | $76.03B | +10.19% | 2.70% |
| CHRD | 75.14% | $7.82B | -19.23% | 5.23% |
| APA | 74.19% | $8.11B | -40.14% | 4.54% |
| COP | 73.81% | $130.16B | -1.63% | 2.59% |
| VET | 73.80% | $1.57B | -21.53% | 3.35% |
| CVE | 73.79% | $29.32B | -10.19% | 2.95% |
| OXY | 73.37% | $47.39B | -16.87% | 1.66% |
| SU | 73.35% | $52.05B | +23.58% | 3.92% |
| CNQ | 73.21% | $71.04B | +1.89% | 6.81% |
| MRO | 71.15% | $16.08B | +13.59% | 1.53% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| KDP | -0.01% | $42.76B | -1.22% | 2.77% |
| BNED | 0.02% | $277.22M | -91.94% | 0.00% |
| LPTH | 0.07% | $62.27M | +33.05% | 0.00% |
| DDOG | 0.20% | $45.32B | +19.19% | 0.00% |
| IMRN | 0.30% | $10.31M | -5.04% | 0.00% |
| EDR | 0.33% | $9.01B | +19.26% | 0.82% |
| RYAN | -0.51% | $8.81B | +55.63% | 0.62% |
| KMB | -0.54% | $45.22B | +11.57% | 3.58% |
| CIG.C | -0.59% | $2.48B | -3.55% | 0.00% |
| NTZ | -0.64% | $47.64M | -30.94% | 0.00% |
| DAO | 0.66% | $159.28M | +25.62% | 0.00% |
| MIST | -0.74% | $92.79M | -32.56% | 0.00% |
| CPB | 0.78% | $12.96B | +7.08% | 3.40% |
| MNST | -0.80% | $52.25B | -1.95% | 0.00% |
| ALAR | -0.83% | $89.09M | +158.08% | 0.00% |
| TMDX | -0.84% | $2.78B | +22.14% | 0.00% |
| SBUX | 0.90% | $111.45B | -5.15% | 2.37% |
| EW | 0.95% | $41.40B | +4.84% | 0.00% |
| TR | -0.98% | $2.33B | -0.74% | 1.10% |
| FTDR | -1.00% | $4.10B | +59.73% | 0.00% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CBOE | -19.59% | $21.46B | +15.84% | 1.11% |
| CHD | -17.98% | $27.18B | +19.50% | 1.03% |
| CL | -17.53% | $76.48B | +22.25% | 2.12% |
| HUM | -15.28% | $33.45B | -45.22% | 1.25% |
| MNOV | -13.78% | $93.19M | +2.15% | 0.00% |
| GPCR | -13.07% | $1.88B | -36.14% | 0.00% |
| TTEK | -11.55% | $10.90B | +23.97% | 2.70% |
| MCK | -11.16% | $78.15B | +35.51% | 0.42% |
| QTTB | -10.95% | $354.34M | +188.64% | 0.00% |
| LFVN | -10.58% | $169.84M | +130.61% | 1.10% |
| LITB | -9.54% | $35.48M | -75.45% | 0.00% |
| CTRE | -9.49% | $5.82B | +36.14% | 3.72% |
| URGN | -8.75% | $470.95M | -11.92% | 0.00% |
| PG | -8.71% | $402.15B | +14.14% | 2.33% |
| SAVA | -7.79% | $1.35B | +25.50% | 0.00% |
| MANU | -7.61% | $2.88B | -9.41% | 0.00% |
| PCVX | -7.50% | $10.85B | +71.55% | 0.00% |
| CLX | -7.46% | $20.81B | +20.66% | 2.88% |
| CRCT | -7.34% | $1.12B | -19.90% | 1.91% |
| FICO | -7.04% | $55.62B | +116.55% | 0.00% |
ETF's related to OVV
News
Yahoo
OVV expects capital expenditure in the range of $525-$575 million for the fourth quarter of 2024 and between $2.28 billion and $2.33 billion for the full year.
Yahoo
OVV acquires premium Montney assets and sells Uinta holdings, boosting its oil production capacity and strengthening cash flows.
Yahoo
This acquisition will significantly enhance Ovintiv's portfolio in the Montney region.
Yahoo
Ovintiv ( (OVV) ) has shared an announcement. Ovintiv Inc. is making strategic moves in the oil and gas sector with a significant acquisition and divestiture, enhancing its portfolio and financial metrics. The company has agreed to acquire oil-rich assets in Alberta’s Montney region for $2.377 billion, boosting its production and inventory, while divesting Uinta Basin assets for $2 billion. These transactions are expected to be accretive, enhancing free cash flow and operational synergies, while
Finnhub
We note that Ovintiv Inc. , Stable) announced today that it has entered into an agreement to acquire certain Montney formation assets located in northwestern Alberta from Paramount Resources Ltd. in...
SeekingAlpha
For Q3 2024, Fidelity Low-Priced Stock Fund's Retail Class shares gained 5.41%, lagging the 9.27% advance of the benchmark Index. Click here to read more.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.