Index Oil and Gas (OTCMKTS:IXOG) versus Ovintiv (NYSE:OVV) Head to Head Contrast

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

Volatility & Risk

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

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.

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%

Earnings & Valuation

This table compares Index Oil and Gas and Ovintiv’s gross revenue, earnings per share 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.

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%.

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.