Comparing Index Oil and Gas (OTCMKTS:IXOG) and Ovintiv (NYSE:OVV)

Ovintiv (NYSE:OVV) and Index Oil and Gas (OTCMKTS:IXOG) are both oils/energy companies, but which is the superior business? We will compare the two companies based on the strength of their risk, profitability, dividends, institutional ownership, valuation, earnings and analyst recommendations.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Ovintiv and Index Oil and Gas, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Ovintiv	0	4	9	0	2.69
Index Oil and Gas	0	0	0	0	N/A

Ovintiv presently has a consensus target price of $56.71, indicating a potential upside of 9.09%.

Volatility and Risk

Ovintiv has a beta of 2.65, indicating that its stock price is 165% more volatile than the S&P 500. Comparatively, Index Oil and Gas has a beta of 26.5, indicating that its stock price is 2,550% more volatile than the S&P 500.

Profitability

This table compares Ovintiv and Index Oil and Gas’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Ovintiv	19.16%	19.50%	9.71%
Index Oil and Gas	N/A	N/A	N/A

Valuation & Earnings

This table compares Ovintiv and Index Oil and Gas’ gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Ovintiv	$10.88 billion	1.28	$2.09 billion	$7.89	6.59
Index Oil and Gas	N/A	N/A	N/A	N/A	N/A

Ovintiv has higher revenue and earnings than Index Oil and Gas.

Insider & Institutional Ownership

83.8% of Ovintiv shares are held by institutional investors. 1.7% of Ovintiv shares are held by company insiders. Comparatively, 15.1% of Index Oil and Gas shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

Ovintiv beats Index Oil and Gas on 6 of the 8 factors compared between the two stocks.

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.

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.