Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in the Montney in northwest Alberta and northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
Research context
Ovintiv Inc appears in PyInvesting’s Toronto Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- CAD
- Sector
- Energy
- Industry
- Oil & Gas E&P
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5 years, 6 months ago
Ovintiv Inc is currently in a long term uptrend where the price is trading 49.5% above its 200 day moving average.
From a valuation standpoint, the stock is 99.8% cheaper than other stocks from the Energy sector with a price to sales ratio of 1.0.
Ovintiv Inc's total revenue sank by 2.4% to $2B since the same quarter in the previous year.
Its net income has dropped by 10133.3% to $-614M since the same quarter in the previous year.
Finally, its free cash flow grew by 141.0% to $376M since the same quarter in the previous year.
Based on the above factors, Ovintiv Inc gets an overall score of 3/5.