Ovintiv Inc. (OVV)
Market Cap | 11.91B |
Revenue (ttm) | 9.56B |
Net Income (ttm) | 2.04B |
Shares Out | 260.32M |
EPS (ttm) | 7.54 |
PE Ratio | 6.06 |
Forward PE | 8.32 |
Dividend | $1.20 (2.62%) |
Ex-Dividend Date | Sep 13, 2024 |
Volume | 3,692,754 |
Open | 44.67 |
Previous Close | 44.60 |
Day's Range | 44.62 - 45.88 |
52-Week Range | 36.91 - 55.95 |
Beta | 2.64 |
Analysts | Buy |
Price Target | 56.40 (+23.31%) |
Earnings Date | Nov 7, 2024 |
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]
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 StatementsAnalyst Forecast
According to 16 analysts, the average rating for OVV stock is "Buy." The 12-month stock price forecast is $56.4, which is an increase of 23.31% from the latest price.
News
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...
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.
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...
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, ...
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...
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, ...
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.
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...
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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. ...
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...
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.
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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...
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...
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,...
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...
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.
Expect Further Consolidation In The Permian Basin This Year
The Permian basin has become a hotspot for merger and acquisition activity in the oil and gas industry. The region has experienced significant growth in production, with estimates of recoverable reser...
Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript
Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript
Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results
Strong 2023 Operational Execution; Enhanced Capital Efficiency Expected in 2024 Highlights: Full Year 2023 Generated net earning...
Ovintiv to Host its 2023 Fourth Quarter and Year-End Results Conference Call and Webcast on February 28, 2024
DENVER , Jan. 26, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2023 fourth quarter and year-end results conference call at 8:00 a.m. MT, on Wednesday Febru...
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