Ovintiv (OVV) Stock Analysis

November 11, 2026

This is a peer-relative look at Ovintiv (OVV): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Ovintiv (OVV)
Profile Item	OVV
Name	Ovintiv Inc.
Country/Region	United States
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production
Market Capitalization	16.26 billion USD
Currency	USD
Exchange	NYSE
Listing Date	April 8, 2002
Security Type	Common Stock

Price Performance

Cumulative Growth

OVV

GSPC

Ovintiv (OVV) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ovintiv (OVV) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ovintiv (OVV) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
Total Return (1Y)	60.20%	32.08%
Total Return (3Y, Annualized)	14.43%	14.39%
Total Return (5Y, Annualized)	13.60%	15.43%

Risk Profile

Drawdown History

OVV

GSPC

Ovintiv (OVV) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ovintiv (OVV) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
Volatility (1Y, Annualized)	36.62%	41.29%
Beta (5Y)	0.61	0.66
Max Drawdown (5Y)	-47.13%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. OVV is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
Sharpe Ratio (1Y)	1.53	0.67
Sortino Ratio (1Y)	2.22	1.01

Profitability

ROE (TTM)

Ovintiv (OVV) posts ROE of 12.10%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

OVV

Energy industry group

12.10%

Group distribution

Max: 53.85%
Q3: 24.79%
Median: 12.85%
OVV: 12.10%
Q1: 2.03%
Min: -29.09%

Largest peers

PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%
OVV: 12.10%

Where Ovintiv (OVV) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Ovintiv (OVV) keeps 13.13% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

OVV

Energy industry group

13.13%

Group distribution

Max: 56.92%
Q3: 22.92%
OVV: 13.13%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Largest peers

PBR: 24.32%
COP: 16.76%
OVV: 13.13%
CVX: 11.92%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%

Where Ovintiv (OVV) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Ovintiv (OVV) turns 34.32% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

OVV

Energy industry group

34.32%

Group distribution

Max: 71.31%
OVV: 34.32%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Largest peers

PBR: 44.68%
OVV: 34.32%
COP: 30.05%
TTE: 24.51%
SHEL: 18.76%
CVX: 17.89%
XOM: 16.98%

Where Ovintiv (OVV) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
ROE (TTM)	12.10%	12.85%
ROA (TTM)	10.13%	5.49%
Net Margin (TTM)	13.13%	10.10%
Operating Margin (TTM)	34.32%	18.73%
Gross Margin (TTM)	55.81%	44.52%

Growth

Revenue Growth

Ovintiv (OVV) grew revenue -2.67%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Ovintiv (OVV): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Ovintiv (OVV) grew earnings per share 13.54%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Ovintiv (OVV): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
Revenue Growth (YoY)	-2.67%	0.51%
Revenue Growth (3Y CAGR)	-10.59%	0.37%
EPS Growth (YoY)	13.54%	-11.75%
EPS Growth (3Y CAGR)	-30.24%	-12.07%

Financial Strength

Current Ratio (MRQ)

Ovintiv (OVV) has current ratio of 0.84, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

OVV

Energy industry group

0.84

Group distribution

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
OVV: 0.84
Min: 0.24

Largest peers

COP: 1.52
SHEL: 1.38
CVX: 1.34
XOM: 1.19
TTE: 1.11
PBR: 0.85
OVV: 0.84

Where Ovintiv (OVV) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Ovintiv (OVV) has debt-to-equity ratio of 0.44, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

OVV

Energy industry group

0.44

Group distribution

Max: 1.75
Q3: 0.93
Median: 0.54
OVV: 0.44
Q1: 0.30
Min: 0.00

Largest peers

PBR: 0.76
TTE: 0.46
OVV: 0.44
SHEL: 0.38
COP: 0.35
CVX: 0.17
XOM: 0.13

Where Ovintiv (OVV) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
Current Ratio (MRQ)	0.84	1.41
Debt / Equity (MRQ)	0.44	0.54
Net Debt / EBITDA	0.91	1.13

Dividends

Dividend Yield (TTM)

Ovintiv (OVV) has dividend yield of 1.97%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

OVV

Energy industry group

1.97%

Group distribution

Max: 8.57%
Q3: 3.58%
OVV: 1.97%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
TTE: 4.58%
CVX: 3.31%
XOM: 2.49%
COP: 2.48%
OVV: 1.97%
SHEL: 1.54%

Where Ovintiv (OVV) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Ovintiv (OVV) has payout ratio of 23.95%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

OVV

Energy industry group

23.95%

Group distribution

Max: 133.24%
Q3: 53.31%
Median: 25.24%
OVV: 23.95%
Q1: 0.00%
Min: 0.00%

Largest peers

CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
SHEL: 26.24%
OVV: 23.95%

Where Ovintiv (OVV) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
Dividend Yield (TTM)	1.97%	1.71%
Dividend Payout Ratio (TTM)	23.95%	25.24%

Valuation

P/E Ratio (TTM)

Ovintiv (OVV) trades at P/E ratio of 12.08, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

OVV

Energy industry group

12.08

Group distribution

Max: 39.54
Q3: 21.72
Median: 12.19
OVV: 12.08
Q1: 7.71
Min: 2.99

Largest peers

XOM: 17.06
CVX: 15.61
COP: 14.36
OVV: 12.08
TTE: 8.76
SHEL: 8.60
PBR: 4.68

Where Ovintiv (OVV) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Ovintiv (OVV) trades at 1.62 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

OVV

Energy industry group

1.62

Group distribution

Max: 5.40
Q3: 2.85
Median: 1.69
OVV: 1.62
Q1: 0.88
Min: 0.00

Largest peers

COP: 2.34
CVX: 1.83
XOM: 1.74
OVV: 1.62
TTE: 0.90
SHEL: 0.87
PBR: 0.22

Where Ovintiv (OVV) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Ovintiv (OVV) trades at 1.41 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

OVV

Energy industry group

1.41

Group distribution

Max: 4.21
Q3: 2.38
Median: 1.51
OVV: 1.41
Q1: 1.08
Min: 0.01

Largest peers

XOM: 2.55
COP: 2.44
CVX: 2.13
TTE: 1.46
SHEL: 1.43
OVV: 1.41
PBR: 1.25

Where Ovintiv (OVV) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Ovintiv (OVV) metric values compared with Energy industry-group medians
Metric	Current stock: OVV	Industry group median
P/E Ratio (TTM)	12.08	12.19
P/S Ratio (TTM)	1.62	1.69
P/B Ratio (MRQ)	1.41	1.51
Free Cash Flow Yield (TTM)	5.54%	5.94%