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OVV vs. TPL: Ovintiv vs. Texas Pacific Land Stock Comparison

How do Ovintiv (OVV) and Texas Pacific Land (TPL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ovintiv (OVV) and Texas Pacific Land (TPL) are both classified in the Oil & Gas Exploration & Production sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Ovintiv (OVV) and Texas Pacific Land (TPL)
Profile ItemOVVTPL
NameOvintiv Inc.Texas Pacific Land Corporation
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Exploration & ProductionOil & Gas Exploration & Production
Market Capitalization16.26 billion USD18.79 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateApril 8, 2002March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

OVV
TPL
GSPC
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Ovintiv (OVV) vs. Texas Pacific Land (TPL), with S&P 500 (GSPC) for reference: 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 Texas Pacific Land (TPL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ovintiv (OVV) and Texas Pacific Land (TPL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
Total Return (1Y)60.20%-14.10%
Total Return (3Y, Annualized)14.43%16.13%
Total Return (5Y, Annualized)13.60%13.42%

Risk Profile

Drawdown History

OVV
TPL
GSPC
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Ovintiv (OVV) vs. Texas Pacific Land (TPL), with S&P 500 (GSPC) for reference: 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 Texas Pacific Land (TPL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
Volatility (1Y, Annualized)36.62%49.74%
Beta (5Y)0.610.62
Max Drawdown (5Y)-47.13%-52.50%
Avg. Volume (3M)3.34M380.93K

Risk-Adjusted Performance

Risk-Return Positioning

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OVV and TPL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
Sharpe Ratio (1Y)1.53-0.37
Sortino Ratio (1Y)2.22-0.50

Profitability

ROE (TTM)

Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while Ovintiv (OVV) at 12.10% is closer to the peer norm — stronger capital efficiency for TPL.

OVV

Energy industry group

12.10%

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

TPL

Energy industry group

37.07%

Max
53.85%
TPL
37.07%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Texas Pacific Land (TPL) at 60.71% converts revenue to bottom-line profit above its industry’s benchmark range, while Ovintiv (OVV) at 13.13% keeps roughly the typical share for its industry.

OVV

Energy industry group

13.13%

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

TPL

Energy industry group

60.71%

TPL
60.71%
Max
56.92%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Texas Pacific Land (TPL) at 76.20% shows unusually strong operating efficiency — above its industry’s operating margin range — and Ovintiv (OVV) at 34.32% also operates in the top quartile.

OVV

Energy industry group

34.32%

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

TPL

Energy industry group

76.20%

TPL
76.20%
Max
71.31%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
ROE (TTM)12.10%37.07%
ROA (TTM)10.13%26.08%
Net Margin (TTM)13.13%60.71%
Operating Margin (TTM)34.32%76.20%
Gross Margin (TTM)55.81%94.09%

Growth

Revenue Growth

Both Ovintiv (OVV) at -2.67% and Texas Pacific Land (TPL) at 13.09% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ovintiv (OVV) at 13.54% and Texas Pacific Land (TPL) at 6.04% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
Revenue Growth (YoY)-2.67%13.09%
Revenue Growth (3Y CAGR)-10.59%6.15%
EPS Growth (YoY)13.54%6.04%
EPS Growth (3Y CAGR)-30.24%2.78%

Financial Strength

Current Ratio (MRQ)

Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while Ovintiv (OVV) at 0.84 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

OVV

Energy industry group

0.84

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

TPL

Energy industry group

5.41

TPL
5.41
Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower industry quartile, while Ovintiv (OVV) at 0.44 runs a more typical debt-to-equity mix.

OVV

Energy industry group

0.44

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

TPL

Energy industry group

0.01

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TPL
0.01
Min
0.00
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
Current Ratio (MRQ)0.845.41
Debt / Equity (MRQ)0.440.01
Net Debt / EBITDA0.91-0.44

Dividends

Dividend Yield (TTM)

Both Ovintiv (OVV) at 1.97% and Texas Pacific Land (TPL) at 0.86% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

OVV

Energy industry group

1.97%

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

TPL

Energy industry group

0.86%

Max
8.57%
Q3
3.58%
Median
1.71%
TPL
0.86%
Q1
0.00%
Min
0.00%
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ovintiv (OVV) at 23.95% and Texas Pacific Land (TPL) at 27.42% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

OVV

Energy industry group

23.95%

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

TPL

Energy industry group

27.42%

Max
133.24%
Q3
53.31%
TPL
27.42%
Median
25.24%
Q1
0.00%
Min
0.00%
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
Dividend Yield (TTM)1.97%0.86%
Dividend Payout Ratio (TTM)23.95%27.42%

Valuation

P/E Ratio (TTM)

Ovintiv (OVV) at 12.08 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL needs stronger growth or earnings quality to justify the premium.

OVV

Energy industry group

12.08

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

TPL

Energy industry group

32.00

Max
39.54
TPL
32.00
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Ovintiv (OVV) at 1.62 prices around its industry’s typical P/S ratio, while Texas Pacific Land (TPL) at 19.41 clears its benchmark range — TPL looks notably rich on sales.

OVV

Energy industry group

1.62

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

TPL

Energy industry group

19.41

TPL
19.41
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Ovintiv (OVV) at 1.41 sits near its industry’s typical P/B ratio, while Texas Pacific Land (TPL) at 10.42 prices above its benchmark range — TPL looks rich relative to book.

OVV

Energy industry group

1.41

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

TPL

Energy industry group

10.42

TPL
10.42
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Ovintiv (OVV) vs. Texas Pacific Land (TPL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Ovintiv (OVV) and Texas Pacific Land (TPL)
MetricOVVTPL
P/E Ratio (TTM)12.0832.00
P/S Ratio (TTM)1.6219.41
P/B Ratio (MRQ)1.4110.42
Free Cash Flow Yield (TTM)5.54%0.43%