Ovintiv Inc. (OVV) Stock

Ovintiv Inc. (OVV) is a Energy stock trading at $66.72 (as of 2026-08-20), with a market capitalization of $18.38B and a trailing P/E of 20.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ovintiv Inc. explores, develops, produces, and markets natural gas, oil, and natural gas liquids. The company operates through USA Operations, Canadian Operations, and Market Optimization segments, with major upstream assets including Permian, Anadarko, and Montney, and other holdings such as Bakken and Uinta, serving customers in its energy markets.

Understand Ovintiv Inc.: how it makes money

Ovintiv explores, develops, produces, and markets natural gas, oil, and natural gas liquids, generating revenue from selling upstream hydrocarbon production and managing market optimization for those sales.

Ovintiv's profit model is primarily production volume times realized hydrocarbon pricing, with pricing and exposure varying by its producing regions (for example, Montney gas price realization and exposure to Alberta contract oil pricing).

Business quality (Weak): Strong asset footprint across multiple major North American basins, with operating focus on measured production and pricing drivers, but the latest reported quarter shows an operating loss, highlighting sensitivity to commodity pricing and operating performance.

Valuation: At 17× earnings, OVV trades in line with the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Asset diversification across major plays: The company operates upstream assets including Permian (west Texas), Anadarko (west-central Oklahoma), and Montney (northeast British Columbia and northwest Alberta), plus other upstream areas such as Bakken, Uinta, Horn River, and Wheatland.
  • Operational initiatives tied to productivity improvements: The operational set includes surfactant uplift, described as oil productivity improvement versus non-surfactant treated wells (9%), which indicates a focus on improving well performance.

Bear case

  • Commodity pricing and realization risk by region and product mix: Operational metrics explicitly track gas price realization for Montney and exposure to Alberta contract oil pricing, implying that realized pricing can vary and pressure results.
  • Latest quarter profitability pressure: The latest reported quarter shows operating margin of -29.8%, indicating significant cost or pricing pressure at the consolidated level.
Valuation — source: SEC EDGAR (first-party)
Price$66.72
Market Cap$18.38B
P/E Ratio20.0
EV / EBITDA6.9
Price / Book1.60
Price / Sales1.88
FCF Yield12.3%
DCF Value (model)$21.32
DCF Upside vs Price-68.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.91B
Net Margin13.9%
Revenue Growth (YoY)30.0%
EPS Growth (YoY)37.0%
FCF Growth (YoY)115.0%
Financial Health — source: SEC EDGAR
Altman Z-Score1.95 (grey)
Valuation vs Sector & Industry
Stock P/E20.0
Sector P/E (Energy)16.8
Industry P/E (Petroleum & Natural Gas)16.7
vs Sector19.1%
vs Industry20.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($1.59B)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOBrendan Michael McCracken
Employees1,623
CountryUS
IPO Date2002-04-08

Related Companies (Business model: Exploration & Production (Upstream Oil & Gas); 8 closest by market cap; US-domiciled)

  • EQT Corporation (EQT)
  • Expand Energy Corporation (EXE)
  • Permian Resources Corporation (PR)
  • APA Corporation (APA)
  • Antero Resources Corporation (AR)
  • Range Resources Corporation (RRC)
  • SM Energy Company (SM)
  • Chord Energy Corporation (CHRD)
OVV earnings history · OVV institutional & insider holders · OVV KPIs & operating metrics · OVV financials · OVV investor presentations & press releases · OVV SEC filings · OVV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.