Ovintiv Inc. (OVV)

NYSE: OVV · Real-Time Price · USD
40.00
-0.79 (-1.94%)
Oct 21, 2024, 4:00 PM EDT - Market closed
-1.94%
Market Cap 10.41B
Revenue (ttm) 10.30B
Net Income (ttm) 1.94B
Shares Out 260.32M
EPS (ttm) 7.09
PE Ratio 5.64
Forward PE 8.61
Dividend $1.20 (3.00%)
Ex-Dividend Date Sep 13, 2024
Volume 2,269,997
Open 41.22
Previous Close 40.79
Day's Range 39.96 - 41.30
52-Week Range 36.91 - 55.95
Beta 2.64
Analysts Buy
Price Target 56.73 (+41.83%)
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 $56.73, which is an increase of 41.83% from the latest price.

Price Target
$56.73
(41.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

10 days ago - PRNewsWire

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21 days 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...

25 days ago - PRNewsWire

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2 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. ...

2 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...

2 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.

3 months ago - PRNewsWire

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4 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...

5 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...

5 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,...

5 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...

6 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.

7 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...

8 months ago - Seeking Alpha

Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript

Ovintiv Inc. (OVV) Q4 2023 Earnings Call Transcript

8 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...

8 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...

9 months ago - PRNewsWire

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10 months ago - GuruFocus

Ovintiv Names Sippy Chhina to Board of Directors

DENVER , Jan. 11, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Sippy Chhina has been named as an independent member of its board of directors, effective January 15, 202...

10 months ago - PRNewsWire

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Ovintiv Announces Upsize and Pricing of Offering of Common Stock by a Selling Stockholder

DENVER , Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (the "Company") today announced the upsize and pricing of a previously announced underwritten public offering of its common st...

1 year ago - PRNewsWire

Ovintiv Announces Secondary Offering of Common Stock by a Selling Stockholder

DENVER , Nov. 20, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV), (TSX: OVV) (the "Company" or "Ovintiv") today announced that NMB Stock Trust, a Delaware statutory trust (the "Selling Stockholder"), in...

1 year ago - PRNewsWire

Ovintiv Inc. (OVV) Q3 2023 Earnings Call Transcript

Ovintiv Inc. (NYSE:OVV) Q3 2023 Results Conference Call November 8, 2023 12:00 PM ET Company Participants Jason Verhaest - IR Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Given...

1 year ago - Seeking Alpha

Ovintiv Reports Third Quarter 2023 Financial and Operating Results

Strong Well Results and Successful Acquisition Integration Drive Increased Full Year Production Guidance Highlights: Generated net earnings of $406 million, cash from operating activities of $906 mill...

1 year ago - PRNewsWire