Index Oil and Gas (OTCMKTS:IXOG – Get Free Report) and Ovintiv (NYSE:OVV – Get Free Report) are both oils/energy companies, but which is the better stock? We will contrast the two companies based on the strength of their valuation, analyst recommendations, risk, earnings, institutional ownership, profitability and dividends.
Valuation & Earnings
This table compares Index Oil and Gas and Ovintiv’s revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Index Oil and Gas | N/A | N/A | N/A | N/A | N/A |
Ovintiv | $10.88 billion | 1.28 | $2.09 billion | $7.89 | 6.56 |
Ovintiv has higher revenue and earnings than Index Oil and Gas.
Volatility & Risk
Profitability
This table compares Index Oil and Gas and Ovintiv’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Index Oil and Gas | N/A | N/A | N/A |
Ovintiv | 19.16% | 19.50% | 9.71% |
Analyst Ratings
This is a breakdown of current recommendations for Index Oil and Gas and Ovintiv, as reported by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Index Oil and Gas | 0 | 0 | 0 | 0 | N/A |
Ovintiv | 0 | 4 | 9 | 0 | 2.69 |
Ovintiv has a consensus target price of $56.71, indicating a potential upside of 9.58%.
Insider and Institutional Ownership
83.8% of Ovintiv shares are held by institutional investors. 15.1% of Index Oil and Gas shares are held by company insiders. Comparatively, 1.0% of Ovintiv shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Summary
Ovintiv beats Index Oil and Gas on 6 of the 8 factors compared between the two stocks.
About Index Oil and Gas
Index Oil and Gas Inc., through its subsidiaries, engages in the acquisition, exploration, appraisal, development, production, and sale of oil and gas properties, primarily in Kansas, Louisiana, and Texas. Index Oil and Gas Inc. was founded in 2003 and is based in Houston, Texas. On November 17, 2010, Index Oil and Gas, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Southern District of Texas. Index Oil & Gas, Inc. is in liquidation.
About Ovintiv
Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
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