Ovintiv Inc. (OVV)

NYSE: OVV · Real-Time Price · USD
43.31
-2.23 (-4.90%)
Feb 21, 2025, 4:00 PM EST - Market closed
-4.90%
Market Cap 11.27B
Revenue (ttm) 9.56B
Net Income (ttm) 2.04B
Shares Out 260.32M
EPS (ttm) 7.54
PE Ratio 5.74
Forward PE 8.58
Dividend $1.20 (2.77%)
Ex-Dividend Date Dec 13, 2024
Volume 2,740,573
Open 45.21
Previous Close 45.54
Day's Range 43.15 - 45.32
52-Week Range 36.91 - 55.95
Beta 2.62
Analysts Buy
Price Target 56.31 (+30.02%)
Earnings Date Feb 26, 2025

About OVV

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 n... [Read more]

Sector Energy
Founded 2020
Employees 1,743
Stock Exchange NYSE
Ticker Symbol OVV
Full Company Profile

Financial Performance

In 2023, Ovintiv's revenue was $10.66 billion, a decrease of -25.25% compared to the previous year's $14.26 billion. Earnings were $2.09 billion, a decrease of -42.67%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for OVV stock is "Buy." The 12-month stock price forecast is $56.31, which is an increase of 30.02% from the latest price.

Price Target
$56.31
(30.02% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Trade war risks: retaliatory tariffs on the US could hurt these 2 exporters

The US has signed agreements with both Mexico and Canada to delay the implementation of its planned tariffs on its two neighbouring countries by at least 30 days.

Other symbols: BWA
17 days ago - Invezz

Ovintiv Announces Closing of Montney Asset Acquisition

DENVER , Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resour...

21 days ago - PRNewsWire

Ovintiv Names Terri King to Board of Directors

DENVER , Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 20...

25 days ago - PRNewsWire

Ovintiv Announces Closing of Uinta Asset Sale

DENVER , Jan. 22, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE, TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced all cash sale of substantially all its Uinta assets, located in U...

4 weeks ago - PRNewsWire

Ovintiv to Host its 2024 Fourth Quarter and Year-End Results Conference Call and Webcast on February 27, 2025

DENVER , Jan. 16, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2024 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Thursday Februa...

5 weeks ago - PRNewsWire

FourPoint Resources, Quantum Capital Group and Kayne Anderson to Acquire Ovintiv Uinta Basin Assets for $2 Billion

DENVER and HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FourPoint Resources, LLC (“FourPoint”), together with their partners Quantum Capital Group (“Quantum”) and Kayne Anderson, announced today the sig...

3 months ago - GlobeNewsWire

Ovintiv to buy Montney oil assets for $2.38 billion

Ovintiv said on Thursday it would acquire certain oil assets located in the Montney formation in Canada from Paramount Resources for about $2.38 billion in an all-cash deal.

3 months ago - Reuters

Ovintiv Strengthens Portfolio with Core Oil-Rich Montney Asset Acquisition

Transaction to Significantly Expand Existing Montney Premium Oil Inventory,  Company to Exit Uinta Basin with Asset Sale Highlights: Agreement reached to acquire approximately 109,000 net acres and ap...

3 months ago - PRNewsWire

Ovintiv: Better Options Available For Investors

Ovintiv Inc. has a history of value destruction and mediocre management decisions. Q3-2024 results showed strong metrics and cash flow, but future guidance appears lackluster. We prefer Devon Energy, ...

3 months ago - Seeking Alpha

Ovintiv Inc. (OVV) Q3 2024 Results Conference Call Transcript

Start Time: 09:00 January 1, 0000 9:32 AM ET Ovintiv Inc. (NYSE:OVV) Q3 2024 Results Conference Call November 08, 2024, 09:00 AM ET Company Participants Brendan McCracken - President and CEO Corey Co...

3 months ago - Seeking Alpha

Ovintiv Reports Third Quarter 2024 Financial and Operating Results

Full Year Production Guidance Increased; Strong Operational Execution and Debt Reduction Continue Highlights: Generated net earnings of $507 million, cash from operating activities of $1,022 million, ...

3 months ago - PRNewsWire

Ovintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024

DENVER , Oct. 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2024 results conference call at 7:00 a.m. MT, on Friday November 8, 2024.

4 months ago - PRNewsWire

14 energy stocks whose ample cash flow might benefit shareholders

Favored names expected to continue gushing cash include Devon, Halliburton and Schlumberger.

5 months ago - Market Watch

Ovintiv Renews Annual Share Buy-Back Program

Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER , Sept. 26, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals fo...

5 months ago - PRNewsWire

Own these stocks if a ‘Powell surprise' at Jackson Hole shakes the markets

Ten stocks listed at the end of this column are good bets if U.S. Federal Reserve chairman Jerome Powell surprises the markets by announcing that the Fed is considering raising interest rates.

Other symbols: VGLT
6 months ago - Market Watch

Ovintiv: 2024 Production Guidance Increase, Multi-Frac Technology, And Cheap

Ovintiv raised its guidance for 2024 and has shown impressive business growth in the last decade. The company's asset growth, FCF growth, and debt reduction indicate proven expertise in the industry. ...

7 months ago - Seeking Alpha

Ovintiv Reports Second Quarter 2024 Financial and Operating Results

Operational Excellence Drives Strong Financial Results; Production Guidance Raised Highlights: Generated net earnings of $340 million, cash from operating activities of $1,020 million, Non-GAAP Cash F...

7 months ago - PRNewsWire

Ovintiv to Host its Second Quarter 2024 Results Conference Call and Webcast on July 31, 2024

DENVER , July 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2024 results conference call at 8:00 a.m. MT, on Wednesday July 31, 2024.

8 months ago - PRNewsWire

Crypto, Retail, and Oil Are Hot for Deals. Check These Stocks.

These companies could be potential targets or buyers in the second half of 2024.

8 months ago - Barrons

Our Top 10 Dividend Growth Stocks - June 2024

This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and...

8 months ago - Seeking Alpha

Energy Safety Canada Appoints Former Ovintiv Executive as New President and CEO

CALGARY, Alberta--(BUSINESS WIRE)--Energy Safety Canada, the national safety association for Canada's energy industry, is pleased to announce the appointment of Vineeta Maguire as the new President an...

10 months ago - Business Wire

Ovintiv, Inc. (OVV) Q1 2024 Earnings Call Transcript

Ovintiv, Inc. (NYSE:OVV) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Jason Verhaest - Investor Relations Brendan McCracken - President & Chief Executive Officer Core...

10 months ago - Seeking Alpha

Ovintiv Reports First Quarter 2024 Financial and Operating Results

Strong Shareholder Returns Underpinned by Continued Operational Excellence Highlights: Generated net earnings of $338 million, cash from operating activities of $659 million, Non-GAAP Cash Flow of $1,...

10 months ago - PRNewsWire

Ovintiv Announces Results of Annual Meeting

DENVER , May 6, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March...

10 months ago - PRNewsWire

Ovintiv to Host its First Quarter 2024 Results Conference Call and Webcast on May 8, 2024

DENVER , April 8, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its first quarter 2024 results conference call at 9:00 a.m. MT, on Wednesday May 8, 2024.

11 months ago - PRNewsWire