Which Is a Better Investment, CNX Resources Corp or Ovintiv Inc Stock?

By AAII Staff
September 02, 2026
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Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Ovintiv Inc. or CNX Resources Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Ovintiv Inc. and CNX Resources Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Ovintiv Inc. and CNX Resources Corporation

Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in the Montney in northwest Alberta and 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.

CNX Resources Corporation, an independent natural gas and midstream company, engages in the acquisition, exploration, development, and production of natural gas properties in the Appalachian Basin. The company operates in two segments, Shale and Coalbed Methane (CBM). It produces and sells pipeline quality natural gas primarily for gas wholesalers. The company owns rights to extract natural gas from shale formations in Pennsylvania, West Virginia, and Ohio, as well as rights to extract natural gas from other Shale and shallow oil and gas formations primarily in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. In addition, the company designs, builds, and operates natural gas gathering systems to move natural gas from the wellhead to interstate pipelines or other local sales points; owns or operates approximately 2,600 miles of natural gas gathering pipelines as well as various natural gas processing facilities. Further, it offers turn-key solutions for water sourcing, delivery and disposal for its natural gas operations and supplies solutions for water sourcing as well as delivery and disposal for third parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is based in Canonsburg, Pennsylvania.

Latest Oil, Gas & Consumable Fuels and Ovintiv Inc., CNX Resources Corporation Stock News

As of September 1, 2026, Ovintiv Inc. had a $18.3 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.8 million. Ovintiv Inc.’s stock is up 70.7% in 2026, up 3.7% in the previous five trading days and up 58.07% in the past year.

Currently, Ovintiv Inc.’s price-earnings ratio is 19.3. Ovintiv Inc.’s trailing 12-month revenue is $9.5 billion with a 9.7% net profit margin. Year-over-year quarterly sales growth most recently was 29.7%. Analysts expect adjusted earnings to reach $7.313 per share for the current fiscal year. Ovintiv Inc. currently has a 1.8% dividend yield.

As of September 1, 2026, CNX Resources Corporation had a $5.6 billion market cap, putting it in the 69th percentile of all stocks. CNX Resources Corporation’s stock is up 2.2% in 2026, up 4.2% in the previous five trading days and up 28.63% in the past year.

Currently, CNX Resources Corporation’s price-earnings ratio is 5.9. CNX Resources Corporation’s trailing 12-month revenue is $2.1 billion with a 44.4% net profit margin. Year-over-year quarterly sales growth most recently was -18.1%. Analysts expect adjusted earnings to reach $3.201 per share for the current fiscal year. CNX Resources Corporation does not currently pay a dividend.

How We Compare Ovintiv Inc. and CNX Resources Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Ovintiv Inc. and CNX Resources Corporation’s stock grades to see how they measure up against one another.

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Ovintiv Inc. and CNX Resources Corporation Stock Value Grades

Company Ticker Value
Ovintiv Inc. OVV B
CNX Resources Corporation CNX A

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Ovintiv Inc. has a Value Score of 65, which is Value. CNX Resources Corporation has a Value Score of 82, which is Deep Value.

The Value Stock Winner: CNX Resources Corporation

As you can clearly see from the Value Grade breakdown above, CNX Resources Corporation is considered to have better value than Ovintiv Inc.. For investors who focus solely on a company’s valuation, CNX Resources Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Ovintiv Inc. and CNX Resources Corporation Growth Grades

Company Ticker Growth
Ovintiv Inc. OVV B
CNX Resources Corporation CNX B

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Ovintiv Inc. has a Growth Score of 61, which is Strong. CNX Resources Corporation has a Growth Score of 64, which is Strong.

The Growth Grade Winner: It’s a Tie!

Looking at the Growth Grade breakdown above, both Ovintiv Inc. and CNX Resources Corporation have a grade of B. For investors who focus solely on a company’s upward growth, further research should be conducted into both companies’ other financial metrics before deciding whether to invest.

Ovintiv Inc. and CNX Resources Corporation’s Quality Grades

Company Ticker Quality
Ovintiv Inc. OVV A
CNX Resources Corporation CNX B

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Ovintiv Inc. has a Quality Score of 90, which is Very Strong. CNX Resources Corporation has a Quality Score of 77, which is Strong.

The Quality Grade Winner: Ovintiv Inc.

As you can clearly see from the Quality Grade breakdown above, Ovintiv Inc. has a better overall quality grade than CNX Resources Corporation. For investors who are looking for companies with higher quality than others in the same industry, Ovintiv Inc. could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Don’t Forget Your Free Special Report on How A+ Grades Can Help You Make Investment Decisions

Other Ovintiv Inc. and CNX Resources Corporation Grades

In addition to Growth, Value and Quality, A+ Investor also provides grades for Momentum and Estimate Revisions.

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Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Ovintiv Inc. and CNX Resources Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Ovintiv Inc. or CNX Resources Corporation Stock?

Overall, Ovintiv Inc. stock has a Value Score of 65, Growth Score of 61 and Quality Score of 90.

CNX Resources Corporation stock has a Value Score of 82, Growth Score of 64 and Quality Score of 77.

Comparing Ovintiv Inc. and CNX Resources Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

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AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.



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