Ovintiv Inc. (OVV)

NYSE: OVV · Real-Time Price · USD
45.74
+1.14 (2.56%)
Nov 20, 2024, 4:00 PM EST - Market closed
2.56%
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]

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 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.

Price Target
$56.4
(23.31% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

6 days 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.

7 days 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...

7 days 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, ...

10 days 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...

12 days 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, ...

13 days 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.

5 weeks ago - PRNewsWire

14 energy stocks whose ample cash flow might benefit shareholders

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

7 weeks 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...

7 weeks ago - PRNewsWire

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Other symbols: VGLT
3 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. ...

3 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...

4 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.

4 months ago - PRNewsWire

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

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5 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...

6 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...

7 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,...

7 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...

7 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.

8 months ago - PRNewsWire

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...

9 months ago - Seeking Alpha

Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript

Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

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...

9 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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