Ovintiv Inc. (OVV)
Ovintiv Inc. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Denver, CO, US. The stock last traded at $63.20, down 0.39% on the session, giving a market capitalisation of $17.48B. On trailing twelve-month figures it carries a trailing P/E of 17.90, a net margin of 9.5%. Its beta of 0.54 implies it has historically moved less than the broad market.
Ovintiv Inc. is an energy company primarily focused on the exploration, production, and sale of natural gas, crude oil, and natural gas liquids (NGLs). Its activities are managed across three main segments: operations within the United States, operations in Canada, and market optimization efforts. The company holds significant resource plays, notably in the Permian Basin of West Texas, the Anadarko Basin in west-central Oklahoma, and the Montney region spanning northeastern British Columbia and northwestern Alberta. Additional upstream holdings include the Bakken formation in North Dakota, the Uinta Basin in central Utah, the Horn River Basin in northeastern British Columbia, and Wheatland in southern Alberta. Ovintiv Inc. was formed in 2020, the same year it adopted its current name, having previously been known as Encana Corporation. Its corporate headquarters are located in Denver, Colorado.
Ovintiv Inc. is most often compared with the following Energy names: