Ovintiv Inc. (OVV)

NYSE: OVV · IEX Real-Time Price · USD
48.24
+0.08 (0.17%)
Jul 12, 2024, 4:00 PM EDT - Market closed
0.17%
Market Cap 12.88B
Revenue (ttm) 10.68B
Net Income (ttm) 1.94B
Shares Out 266.98M
EPS (ttm) 7.22
PE Ratio 6.68
Forward PE 7.57
Dividend $1.20 (2.49%)
Ex-Dividend Date Jun 14, 2024
Volume 1,452,145
Open 48.90
Previous Close 48.16
Day's Range 48.10 - 49.02
52-Week Range 37.92 - 55.95
Beta 2.65
Analysts Buy
Price Target 58.94 (+22.18%)
Earnings Date Jul 25, 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
CEO Brendan Michael McCracken
Employees 1,743
Stock Exchange NYSE
Ticker Symbol OVV
Full Company Profile

Financial Performance

In 2023, Ovintiv's revenue was $10.88 billion, a decrease of -12.68% compared to the previous year's $12.46 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 $58.94, which is an increase of 22.18% from the latest price.

Price Target
$58.94
(22.18% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 days 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.

10 days ago - Barrons

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...

2 months ago - Business Wire

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,...

2 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...

2 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.

3 months ago - PRNewsWire

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...

4 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...

6 months ago - PRNewsWire

4 Stocks With Big Rebound Potential

A Wall Street adage warns, “Don't try to catch a falling knife.”

Other symbols: BWAPTENTH
6 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...

6 months ago - PRNewsWire

Best Oil Stocks to Buy for 2024 and Beyond

Higher prices for crude, lower interest rates and industry consolidation bodes well for Wall Street's top oil stocks.

Other symbols: COPCVXFANGHALMROPRPTEN
7 months ago - Kiplinger

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...

8 months 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...

8 months ago - PRNewsWire

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...

8 months ago - PRNewsWire

Ovintiv to Host its Third Quarter 2023 Results Conference Call and Webcast on November 8, 2023

DENVER , Oct. 10, 2023 Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2023 results conference call at 10:00 a.m. MT, on Wednesday November 8, 2023.

9 months ago - PRNewsWire

Bill Smead Says Restricting Oil Supply Will Only Drive Prices Up

In an interview on Friday, Bill Smead, the chief investment officer of Smead Capital, spoke with CNBC's “The Exchange” about Exxon Mobil Corp.'s (XOM, Financial) potential $60 billion takeover of Pion...

Other symbols: APACOPDVNOXYXOM
9 months ago - GuruFocus

Ovintiv Renews Annual Share Buy-Back Program

Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER , Sept. 26, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals fo...

10 months ago - PRNewsWire

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

DENVER , Sept. 11, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) ( TSX: OVV) (the "Company") today announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock by N...

10 months ago - PRNewsWire

Ovintiv Reports Second Quarter 2023 Financial and Operating Results

Strong Results Across Portfolio Drive Higher Full Year Production Guidance and Reduced Capital and Per Unit Cost Guidance Second Quarter 2023 Highlights: Generated net earnings of $336 million, cash f...

1 year ago - PRNewsWire

US oil M&A jumps as private equity unloads shale assets

U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals.

Other symbols: CIVICVX
1 year ago - Reuters

Ovintiv to Host its Second Quarter 2023 Results Conference Call and Webcast on July 28, 2023

DENVER , June 29, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its second quarter 2023 results conference call at 9:00 a.m. MT, on Friday July 28, 2023.

1 year ago - PRNewsWire

Ovintiv: Proven Reserves Valued at 10 Times Market Cap

Despite a massive push toward renewables, the oil and gas industry remains the most vital component to the global energy mix. This puts Ovintiv Inc. ( OVV , Financial) in a good position.

1 year ago - GuruFocus

Ovintiv Announces Closing of Midland and Bakken Transactions & Inclusion in S&P 400 Index

Company Updates 2023 Guidance for Early Close DENVER , June 12, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition o...

1 year ago - PRNewsWire

Chevron, Exxon, Oil Stocks Rise After Saudi Arabia Pledges Production Cut at OPEC+ Summit

Jefferies analysts pose the question of whether OPEC+ cutting barrels is “a good or bad indicator” for oil markets and oil stocks. The answer is a bit mixed.

Other symbols: CVXXOMCOPKOS
1 year ago - Barrons

The Price of Oil Could Run Up Soon. 6 Stocks to Play It.

At just over $71 a barrel, WTI crude remains above a key “support” level in the high-sixties.

Other symbols: COPEOGFANGKOSMTDRXLE
1 year ago - Barrons