AACCE Investments
ScreenerStocksIndicesPicksETFsBlogPricing

© 2026 ACCE Investments. All rights reserved.

ACCE Investments - Institutional-grade stock research for retail investors | BetaList
IndicesStocksETFsScreenerBlogGlossaryCompareMarket dataAdvisors
TermsPrivacyCookiesDisclaimerLegal noticeProfessional termsAboutContact
OVV
ACCE-researched

Ovintiv Inc. (DE) (OVV) fair value

Energy · Oil & Gas E&P · NYSE · United States
$72.27+4.29%
Market cap $20.0BNext earnings 2026-11-03Updated Oct 18, 2026
Add earnings to calendarGoogle
Our verdict
Close to our fair value
Price
$72.27
Model fair valueConfidence: good
$74.32
Model range
$35.04 to $130
Fair value $74.32
Price $72.27
4 models fit Ovintiv Inc. (DE) and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver64
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionOvintiv Inc. (DE) (OVV)
Fair value (4 models)
$74.32
ACCE price target
$65.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 18 Oct 2026, 17:04 CEST; previously $85.65 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 26 Sept 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 17:04 CEST.
Price used: $72.27 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
2.8% below
+2.8% to fair value
ACCE score
85
out of 100
Analysts
81% buy
27 covering
P/E
20.1x
forward 8.7x
1-year return
+90.3%
Dividend yield
1.73%

Ovintiv Inc. (DE) in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Ovintiv is a Denver-based independent producer whose output is weighted toward oil and liquids from the Permian Basin, the Anadarko Basin and the Montney in Canada, with a smaller natural gas stream from the Anadarko and Montney. The advantage is scale in the core acreage: the company runs a portfolio of multi-basin drilling inventory, and that breadth lets it shift capital toward whichever basin clears the best returns at prevailing prices instead of depending on a single play. Revenue grew 29.7% in the latest reported period and operating margin sits at 36.2%, so the business is currently converting higher prices into cash at a strong rate. The forward P/E of 8.9 against a trailing 18.6 implies the market expects earnings to recover from a weaker base, which makes the next few quarters of realized prices and cost per barrel the first things to check. At 8.4% ROE and an 18.4B market cap, the stock is worth a deeper look mainly to test whether the forward earnings estimate holds up against commodity and cost assumptions.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • moderate
    Cyclical revenue decline
    5-year revenue CAGR of -10.6% masks structural headwinds despite recent +29.7% YoY bounce. Energy E&P is cyclical; current strength may not persist.
  • moderate
    Quality score lag
    ACCE Quality subscore 71 trails other pillars (G:88, V:88, M:90). Suggests earnings quality or cash conversion concerns relative to valuation strength.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow yield of 7.0% exceeds the risk-free rate of 5.2%, offering attractive cash return to shareholders.
  • Year-over-year revenue growth of 29.7% and share buybacks reducing dilution by 2.9% drive per-share value creation.
Why it could disappoint
  • Five-year average revenue decline of 10.6% per year shows the business has shrunk structurally over the medium term.
  • ROE of 8.4% and ROIC of 6.2% lag the cost of capital, destroying shareholder value on incremental investments.
  • Latest earnings missed consensus by 8.9%, raising questions about the reliability of forward guidance and analyst estimates.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Ask ACCE

Valuation

INVESTOR
Where OVV's valuation models land
Price
$72.27
Model fair value
$74.32
Model range
$35.04 to $130
Fair value $74.32
Price $72.27
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
Create a free account: 5 full stock pages a month, no card.

See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish81% buy · 27 covering analysts
● Strong buy 16● Buy 6● Hold 5● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+4.2%
1 month
+21.0%
3 months
+14.5%
6 months
+29.7%
YTD
+84.4%
1 year
+90.3%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 17:04 CESTRatingFairly valuedfirst publication$69.33
18 Oct 2026, 17:04 CESTFair value$74.32$85.65$69.33
14 Oct 2026, 00:00 CESTFair value$85.65$91.23$65.12
10 Oct 2026, 00:00 CESTFair value$91.23$94.57$63.37
28 Sept 2026, 00:00 CESTFair value$94.57$96.97$60.13
26 Sept 2026, 00:00 CESTACCE price target$65.00first publication$60.51
25 Sept 2026, 00:00 CESTFair value$96.97$95.66$59.73
23 Sept 2026, 00:00 CESTFair value$95.66$97.99$60.18
21 Sept 2026, 00:00 CESTFair value$97.99$95.25$62.37
18 Sept 2026, 00:00 CESTFair value$95.25$99.56$62.77

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

Get the full OVV page, free

Every model, the scenarios, fair value history, AI notes and the four questions. 5 full stock pages every month on the free plan, no card.

Free accounts get 5 full stock pages a month, including the full page.

Snapshot

Growth88Value84Quality71Momentum97Total85
Valuation
Trailing P/E
20.1x
Forward P/E
8.7x
PEG
0.52
P/B
1.44x
EV / Revenue
2.1x
Book value/sh
$41.57
Enterprise value
$20.9B
Profitability
ROE
8.4%
FCF yield
7.79%
ROIC
5.4%
Health and risk
Debt / equity
0.67
Dividend yield
1.73%
Beta
0.66

Price

+91.8% · 1Y

Ask anything about OVV

Answered from Ovintiv Inc. (DE) fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 50% of peers
low 8.0x20.1xhigh 71.5x
ROEbetter than 33% of peers
low 2%8%high 37%
Div yieldbetter than 17% of peers
low 0.7%1.7%high 3.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
OVV Ovintiv Inc. (DE)$72.27$743% below20.1x8.4%7185
PR Permian Resources Corporation Class A Common Stock$24.40$253% below16.1x11.4%8187
STO.AX SantosA$9.19A$733% above27.4x4.7%5758
EXE Expand Energy Corporation Common Stock$92.96$7425% above8.0x14.9%8657
TOU.TO Tourmaline OilC$65.86C$4451% above71.5x2.3%6657
WCP.TO Whitecap Resources Inc.C$20.25C$2312% below17.5x12.6%8388
TPL Texas Pacific Land Corporation Common Stock$333.67$139140% above42.6x36.6%10064

Sector report card

Where OVV ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Oct 9, 2026
    Ovintiv to Host its Third Quarter 2026 Results Conference Call and Webcast on November 4, 2026
  • PR Newswire•Oct 1, 2026
    Ovintiv Renews Annual Share Buy-Back Program
  • PR Newswire•Aug 26, 2026
    Ovintiv Announces Permian and Montney Inventory Additions
1 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 1
Form 4Insider transactionPeriod 2026-09-29
View on SEC →
Oct 1
Form 4Insider transactionPeriod 2026-09-29
View on SEC →
Oct 1
Form 4Insider transactionPeriod 2026-09-29
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR