Ovintiv Inc
OVV—
Build a strategy around OVV
Ovintiv Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 2.6B is 25% of equity and 33% of tangible book - acquisition-heavy strategy carries impairment risk if commodity prices decline[Goodwill]
- FCF of 1.5B TTM vs 2.3B acquisition spend - growth funded by deal-making, not organic reinvestment. Net margin 2.6% vs 8.7% industry median[Free Cash Flow TTM]
- P/E of 8.0x vs industry median 12.0x with P/CF of 2.9x vs 3.7x median - discount reflects -41% EPS 3Y decline and revenue contraction[P/E Ratio]
Watch Triggers
- ROIC TTM: Rises above 5% — Current 1.4% ROIC destroys value; crossing 5% signals M&A synergies materializing
- Net Margin TTM: Exceeds 5% — Current 2.6% vs 8.7% median; improvement validates operational turnaround thesis
- Total Debt: Falls below 5B — Debt reduction from 6.4B would signal FCF prioritizing balance sheet over M&A
Bull Case
Operating cash flow of 3.7B TTM covers 2.2B capex + 1.2B dividends with room for debt reduction. P/CF 2.9x below 3.7x median suggests undervaluation if execution improves
Cash Flow TTMP/CF RatioCapital Expenditure TTM
Gross margin 55% vs 39% industry median shows strong asset quality; operating margin 23% vs 18% median demonstrates cost discipline despite revenue headwinds
Gross Margin TTMOperating Margin TTM
Bear Case
EPS declined 41% over 3Y while revenue contracted 17% - structural deterioration, not cyclical. ROE 2.3% and ROIC 1.4% destroy value vs cost of capital
EPS Growth 3YTotal Revenue 3Y GrowthROE TTMROIC TTM
Net debt 5.2B with interest expense 389M consuming 26% of operating income. Working capital -1.5B limits financial flexibility in downturn
Net DebtInterest Expense TTMWorking Capital
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
Leverage OVV's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
M&A integration success will determine whether OVV's 2.3B acquisition spend translates to margin recovery
1-3ymed
- 2.3B purchase of business TTM requires synergy realization
- Operating margin 23% above median but net margin 2.6% lags
- Interest expense 389M pressures bottom line
Purchase of business TTM: -2.3BNet margin 2.6% vs 8.7% industry medianDebt/equity 0.63x with 6.4B total debt
Valuation Context
Caveats
Public Strategies Rankings
See how Ovintiv Inc ranks across different investment strategies.
Leverage OVV's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
OVV Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Oil and Gas Extraction
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$15.17B | — | ||
$21.56B | — | ||
12 | — | ||
$8.91B | -2.7% | — | |
$4.78 | +35.7% | — | |
23.2% | +0.5% | — | |
13.9% | +1.7% | — | |
$1.50B | +6.1% | — | |
11.5% | +0.7% | — | |
Beta 5Y (Monthly) | unknown | — |
OVV Dividend History
98 dividends
2026
$0.300003/13/26$0.3000
2025
$1.200012/15/25$0.3000
09/15/25$0.3000
06/13/25$0.3000
03/14/25$0.3000
2024
$1.200012/13/24$0.3000
09/13/24$0.3000
06/14/24$0.3000
03/14/24$0.3000
2023
$1.150012/14/23$0.3000
09/14/23$0.3000
06/14/23$0.3000
03/14/23$0.2500
2022
$0.950012/14/22$0.2500
09/14/22$0.2500
06/14/22$0.2500
03/14/22$0.2000
2021
$0.467512/14/21$0.1400
09/14/21$0.1400
06/14/21$0.0938
03/12/21$0.0938
2020
$0.375012/14/20$0.0938
09/14/20$0.0938
06/12/20$0.0938
03/12/20$0.0938
2019
$0.075012/12/19$0.0187
09/12/19$0.0187
06/13/19$0.0187
03/14/19$0.0187
2018
$0.060012/13/18$0.0150
09/13/18$0.0150
06/14/18$0.0150
03/14/18$0.0150
2017
$0.060012/14/17$0.0150
09/14/17$0.0150
06/13/17$0.0150
03/13/17$0.0150
2016
$0.060012/13/16$0.0150
09/13/16$0.0150
06/13/16$0.0150
03/11/16$0.0150
2015
$0.280012/11/15$0.0700
09/11/15$0.0700
06/11/15$0.0700
03/11/15$0.0700
2014
$0.280012/11/14$0.0700
09/11/14$0.0700
06/11/14$0.0700
03/12/14$0.0700
2013
$0.670012/11/13$0.0700
09/11/13$0.2000
06/12/13$0.2000
03/13/13$0.2000
2012
$0.800012/12/12$0.2000
09/12/12$0.2000
06/13/12$0.2000
03/13/12$0.2000
2011
$0.800012/13/11$0.2000
09/13/11$0.2000
06/13/11$0.2000
03/11/11$0.2000
2010
$0.800012/13/10$0.2000
09/13/10$0.2000
06/11/10$0.2000
03/11/10$0.2000
2009
$1.400012/17/09$0.2000
09/11/09$0.4000
06/11/09$0.4000
03/12/09$0.4000
2008
$1.600012/11/08$0.4000
09/11/08$0.4000
06/11/08$0.4000
03/12/08$0.4000
2007
$0.800012/12/07$0.2000
09/12/07$0.2000
06/13/07$0.2000
03/13/07$0.2000
2006
$0.375012/13/06$0.1000
09/13/06$0.1000
06/13/06$0.1000
03/13/06$0.0750
2005
$0.275012/13/05$0.0750
09/13/05$0.0750
06/13/05$0.0750
03/11/05$0.0500
2004
$0.200012/13/04$0.0500
09/13/04$0.0500
06/14/04$0.0500
03/11/04$0.0500
2003
$0.144612/10/03$0.0373
09/10/03$0.0366
06/11/03$0.0367
03/12/03$0.0340
2002
$0.155112/11/02$0.0321
09/11/02$0.0300
06/12/02$0.0300
03/13/02$0.0630
2001
$0.063012/06/01$0.0630
OVV Stock Splits
2 stock splits
01/27/205:1 split
05/23/051:2 split
OVV SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/23/26 | 12/31/25 | 10-K | |
11/04/25 | 09/30/25 | 10-Q | |
07/24/25 | 06/30/25 | 10-Q | |
05/06/25 | 03/31/25 | 10-Q | |
02/26/25 | 12/31/24 | Unknown | |
11/07/24 | 09/30/24 | 10-Q | |
07/30/24 | 06/30/24 | 10-Q | |
05/07/24 | 03/31/24 | 10-Q | |
02/27/24 | 12/31/23 | 10-K | |
11/07/23 | 09/30/23 | 10-Q | |
07/27/23 | 06/30/23 | 10-Q | |
05/09/23 | 03/31/23 | 10-Q | |
02/27/23 | 12/31/22 | 10-K | |
11/09/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/10/22 | 03/31/22 | 10-Q | |
02/25/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
07/29/21 | 06/30/21 | 10-Q | |
04/29/21 | 03/31/21 | 10-Q | |
02/18/21 | 12/31/20 | 10-K | |
10/30/20 | 09/30/20 | 10-Q | |
07/31/20 | 06/30/20 | 10-Q | |
05/08/20 | 03/31/20 | 10-Q | |
02/21/20 | 12/31/19 | 10-K | |
11/04/19 | 09/30/19 | 10-Q | |
08/01/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/28/19 | 12/31/18 | 10-K | |
11/06/18 | 09/30/18 | 10-Q | |
08/02/18 | 06/30/18 | 10-Q | |
05/03/18 | 03/31/18 | 10-Q | |
02/26/18 | 12/31/17 | 10-K | |
11/09/17 | 09/30/17 | 10-Q | |
07/25/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/27/17 | 12/31/16 | 10-K | |
11/10/16 | 09/30/16 | 6-K | |
08/03/16 | 06/30/16 | 6-K | |
05/11/16 | 03/31/16 | 6-K | |
02/29/16 | 12/31/15 | 40-F | |
11/13/15 | 09/30/15 | 6-K | |
07/27/15 | 06/30/15 | 6-K | |
05/14/15 | 03/31/15 | 6-K | |
03/03/15 | 12/31/14 | 40-F | |
11/13/14 | 09/30/14 | 6-K | |
07/25/14 | 06/30/14 | 6-K | |
05/14/14 | 03/31/14 | 6-K | |
02/20/14 | 12/31/13 | 40-F | |
10/24/13 | 09/30/13 | 6-K | |
08/08/13 | 06/30/13 | 6-K | |
05/07/13 | 03/31/13 | 6-K | |
02/21/13 | 12/31/12 | 40-F | |
11/07/12 | 09/30/12 | 6-K | |
08/09/12 | 06/30/12 | 6-K | |
05/10/12 | 03/31/12 | 6-K | |
02/23/12 | 12/31/11 | 40-F | |
10/24/11 | 09/30/11 | 6-K | |
07/22/11 | 06/30/11 | 6-K | |
04/25/11 | 03/31/11 | 6-K | |
02/17/11 | 12/31/10 | 40-F | |
11/03/10 | 09/30/10 | 6-K | |
08/05/10 | 06/30/10 | 6-K | |
05/06/10 | 03/31/10 | 6-K | |
02/18/10 | 12/31/09 | 40-F | |
11/13/09 | 09/30/09 | 6-K | |
07/27/09 | 06/30/09 | 6-K | |
05/07/09 | 03/30/09 | 6-K | |
02/20/09 | 12/31/08 | 40-F | |
09/30/08 | 09/30/08 | Unknown | -- |
06/30/08 | 06/30/08 | Unknown | -- |
03/31/08 | 03/30/08 | Unknown | -- |
02/22/08 | 12/31/07 | Unknown | -- |
09/30/07 | 09/30/07 | Unknown | -- |
06/30/07 | 06/30/07 | Unknown | -- |
03/31/07 | 03/30/07 | Unknown | -- |
02/23/07 | 12/31/06 | Unknown | -- |
09/30/06 | 09/30/06 | Unknown | -- |
06/30/06 | 06/30/06 | Unknown | -- |
03/31/06 | 03/30/06 | Unknown | -- |
02/17/06 | 12/31/05 | Unknown | -- |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/30/05 | Unknown | -- |
02/28/05 | 12/31/04 | Unknown | -- |
09/30/04 | 09/30/04 | Unknown | -- |
06/30/04 | 06/30/04 | Unknown | -- |
03/31/04 | 03/30/04 | Unknown | -- |
12/31/03 | 12/31/03 | Unknown | -- |
09/30/03 | 09/30/03 | Unknown | -- |
06/30/03 | 06/30/03 | Unknown | -- |
03/31/03 | 03/30/03 | Unknown | -- |
12/31/02 | 12/31/02 | Unknown | -- |
09/30/02 | 09/30/02 | Unknown | -- |
06/30/02 | 06/30/02 | Unknown | -- |
03/31/02 | 03/30/02 | Unknown | -- |
03/04/02 | 12/31/01 | Unknown | -- |
09/30/01 | 09/30/01 | Unknown | -- |