How Do Ovintiv Inc.’s (TSE:OVV) Returns On Capital Compare To Peers? [Yahoo! Finance News]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Yahoo! Finance News
Today we'll evaluate Ovintiv Inc. TSE:OVVFirst up, we'll look at what ROCE is and how we calculate it. Then we'll compare its ROCE to similar companies. Finally, we'll look at how its current liabilities affect its ROCE.What is Return On Capital Employed ROCE)?ROCE is a measure of a company's yearly pre-tax profit its return), relative to the capital employed in the business. All else being equal, a better business will have a higher ROCE. In brief, it is a useful tool, but it is not without drawbacks. Author Edwin WhitingsaysSo, How Do We Calculate ROCE?The formula for calculating the return on capital employed is:Return on Capital Employed = Earnings Before Interest and Tax EBIT) ÷ Total Assets - Current Liabilities)Or for Ovintiv:0.038 = US$729m ÷ US$21b - US$2.4b) Based on the trailing twelve months to December 2019.)Ovintiv has an ROCE of 3.8%.Check out our latest analysis for OvintivDoes Ovintiv Have A Good ROCE?When making comparisons between similar businesses, investors may f
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OVV
News
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at Morgan Stanley from $49.00 to $53.00. They now have an "equal weight" rating on the stock.MarketBeat
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at Jefferies Financial Group Inc. from $59.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Ovintiv Inc. (NYSE: OVV) had its price target raised by analysts at UBS Group AG from $62.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Are Robust Financials Driving The Recent Rally In Ovintiv Inc.'s (NYSE:OVV) Stock? [Yahoo! Finance]Yahoo! Finance
- Ovintiv Inc. (NYSE: OVV) is now covered by analysts at Barclays PLC. They set an "overweight" rating and a $69.00 price target on the stock.MarketBeat
OVV
Earnings
- 2/27/24 - Beat
OVV
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- OVV's page on the SEC website