Oil & Gas Exploration & Production
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OVV vs COP
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
OVV vs COP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $15.17B | $144.92B |
| Revenue (TTM) | $8.79B | $58.31B |
| Net Income (TTM) | $1.24B | $7.32B |
| Gross Margin | 47.1% | 29.2% |
| Operating Margin | 12.6% | 18.3% |
| Forward P/E | 7.7x | 13.8x |
| Total Debt | $7.53B | $23.44B |
| Cash & Equiv. | $35M | $6.50B |
OVV vs COP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Ovintiv Inc. (OVV) | 100 | 778.9 | +678.9% |
| ConocoPhillips (COP) | 100 | 281.9 | +181.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OVV vs COP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OVV carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (7.7x vs 13.8x)
- 14.1% margin vs COP's 12.6%
- 2.0% yield, 5-year raise streak, vs COP's 2.7%
COP is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.08, yield 2.7%
- Rev growth 7.5%, EPS growth -18.7%, 3Y rev CAGR -9.3%
- 234.2% 10Y total return vs OVV's 114.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.5% revenue growth vs OVV's -4.5% | |
| Value | Lower P/E (7.7x vs 13.8x) | |
| Quality / Margins | 14.1% margin vs COP's 12.6% | |
| Stability / Safety | Beta 0.08 vs OVV's 0.22, lower leverage | |
| Dividends | 2.0% yield, 5-year raise streak, vs COP's 2.7% | |
| Momentum (1Y) | +76.3% vs COP's +39.4% | |
| Efficiency (ROA) | 6.1% ROA vs COP's 6.0%, ROIC 8.0% vs 10.4% |
OVV vs COP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
OVV vs COP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
OVV leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
COP is the larger business by revenue, generating $58.3B annually — 6.6x OVV's $8.8B. Profitability is closely matched — net margins range from 14.1% (OVV) to 12.6% (COP).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $8.8B | $58.3B |
| EBITDAEarnings before interest/tax | $3.3B | $22.4B |
| Net IncomeAfter-tax profit | $1.2B | $7.3B |
| Free Cash FlowCash after capex | $3.6B | $18.3B |
| Gross MarginGross profit ÷ Revenue | +47.1% | +29.2% |
| Operating MarginEBIT ÷ Revenue | +12.6% | +18.3% |
| Net MarginNet income ÷ Revenue | +14.1% | +12.6% |
| FCF MarginFCF ÷ Revenue | +41.2% | +31.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.3% | -2.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +16.8% | -20.2% |
Valuation Metrics
OVV leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 12.5x trailing earnings, OVV trades at a 33% valuation discount to COP's 18.7x P/E. On an enterprise value basis, OVV's 5.5x EV/EBITDA is more attractive than COP's 7.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $15.2B | $144.9B |
| Enterprise ValueMkt cap + debt − cash | $22.7B | $161.9B |
| Trailing P/EPrice ÷ TTM EPS | 12.53x | 18.72x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.72x | 13.76x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 5.53x | 6.98x |
| Price / SalesMarket cap ÷ Revenue | 1.74x | 2.47x |
| Price / BookPrice ÷ Book value/share | 1.39x | 2.31x |
| Price / FCFMarket cap ÷ FCF | 10.08x | 8.64x |
Profitability & Efficiency
Evenly matched — OVV and COP each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
COP delivers a 11.3% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $11 for OVV. COP carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to OVV's 0.67x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +11.1% | +11.3% |
| ROA (TTM)Return on assets | +6.1% | +6.0% |
| ROICReturn on invested capital | +8.0% | +10.4% |
| ROCEReturn on capital employed | +11.1% | +10.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.67x | 0.36x |
| Net DebtTotal debt minus cash | $7.5B | $16.9B |
| Cash & Equiv.Liquid assets | $35M | $6.5B |
| Total DebtShort + long-term debt | $7.5B | $23.4B |
| Interest CoverageEBIT ÷ Interest expense | 3.06x | 9.42x |
Total Returns (Dividends Reinvested)
OVV leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OVV five years ago would be worth $25,019 today (with dividends reinvested), compared to $24,499 for COP. Over the past 12 months, OVV leads with a +76.3% total return vs COP's +39.4%. The 3-year compound annual growth rate (CAGR) favors OVV at 22.0% vs COP's 8.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +48.7% | +23.8% |
| 1-Year ReturnPast 12 months | +76.3% | +39.4% |
| 3-Year ReturnCumulative with dividends | +81.6% | +27.7% |
| 5-Year ReturnCumulative with dividends | +150.2% | +145.0% |
| 10-Year ReturnCumulative with dividends | +114.3% | +234.2% |
| CAGR (3Y)Annualised 3-year return | +22.0% | +8.5% |
Risk & Volatility
Evenly matched — OVV and COP each lead in 1 of 2 comparable metrics.
Risk & Volatility
COP is the less volatile stock with a 0.08 beta — it tends to amplify market swings less than OVV's 0.22 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OVV currently trades 94.4% from its 52-week high vs COP's 87.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.22x | 0.08x |
| 52-Week HighHighest price in past year | $63.46 | $135.87 |
| 52-Week LowLowest price in past year | $33.26 | $84.28 |
| % of 52W HighCurrent price vs 52-week peak | +94.4% | +87.5% |
| RSI (14)Momentum oscillator 0–100 | 68.0 | 50.2 |
| Avg Volume (50D)Average daily shares traded | 4.1M | 9.6M |
Analyst Outlook
Evenly matched — OVV and COP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates OVV as "Buy" and COP as "Buy". Consensus price targets imply 6.9% upside for COP (target: $127) vs -6.2% for OVV (target: $56). For income investors, COP offers the higher dividend yield at 2.68% vs OVV's 1.98%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $56.20 | $127.07 |
| # AnalystsCovering analysts | 26 | 52 |
| Dividend YieldAnnual dividend ÷ price | +2.0% | +2.7% |
| Dividend StreakConsecutive years of raises | 5 | 1 |
| Dividend / ShareAnnual DPS | $1.19 | $3.19 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.0% | +3.5% |
OVV leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 3 categories are tied.
OVV vs COP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is OVV or COP a better buy right now?
For growth investors, ConocoPhillips (COP) is the stronger pick with 7.
5% revenue growth year-over-year, versus -4. 5% for Ovintiv Inc. (OVV). Ovintiv Inc. (OVV) offers the better valuation at 12. 5x trailing P/E (7. 7x forward), making it the more compelling value choice. Analysts rate Ovintiv Inc. (OVV) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — OVV or COP?
On trailing P/E, Ovintiv Inc.
(OVV) is the cheapest at 12. 5x versus ConocoPhillips at 18. 7x. On forward P/E, Ovintiv Inc. is actually cheaper at 7. 7x.
03Which is the better long-term investment — OVV or COP?
Over the past 5 years, Ovintiv Inc.
(OVV) delivered a total return of +150. 2%, compared to +145. 0% for ConocoPhillips (COP). Over 10 years, the gap is even starker: COP returned +234. 2% versus OVV's +114. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OVV or COP?
By beta (market sensitivity over 5 years), ConocoPhillips (COP) is the lower-risk stock at 0.
08β versus Ovintiv Inc. 's 0. 22β — meaning OVV is approximately 173% more volatile than COP relative to the S&P 500. On balance sheet safety, ConocoPhillips (COP) carries a lower debt/equity ratio of 36% versus 67% for Ovintiv Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — OVV or COP?
By revenue growth (latest reported year), ConocoPhillips (COP) is pulling ahead at 7.
5% versus -4. 5% for Ovintiv Inc. (OVV). On earnings-per-share growth, the picture is similar: Ovintiv Inc. grew EPS 13. 5% year-over-year, compared to -18. 7% for ConocoPhillips. Over a 3-year CAGR, COP leads at -9. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — OVV or COP?
Ovintiv Inc.
(OVV) is the more profitable company, earning 14. 2% net margin versus 13. 6% for ConocoPhillips — meaning it keeps 14. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OVV leads at 21. 6% versus 19. 6% for COP. At the gross margin level — before operating expenses — OVV leads at 28. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is OVV or COP more undervalued right now?
On forward earnings alone, Ovintiv Inc.
(OVV) trades at 7. 7x forward P/E versus 13. 8x for ConocoPhillips — 6. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for COP: 6. 9% to $127. 07.
08Which pays a better dividend — OVV or COP?
All stocks in this comparison pay dividends.
ConocoPhillips (COP) offers the highest yield at 2. 7%, versus 2. 0% for Ovintiv Inc. (OVV).
09Is OVV or COP better for a retirement portfolio?
For long-horizon retirement investors, ConocoPhillips (COP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
08), 2. 7% yield, +234. 2% 10Y return). Both have compounded well over 10 years (COP: +234. 2%, OVV: +114. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between OVV and COP?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: OVV is a mid-cap deep-value stock; COP is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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