Ovintiv Inc. (OVV)

NYSE: OVV · IEX Real-Time Price · USD
33.98
-0.20 (-0.59%)
Mar 24, 2023, 4:00 PM EDT - Market closed
-0.59%
Market Cap 8.28B
Revenue (ttm) 12.46B
Net Income (ttm) 3.64B
Shares Out 243.64M
EPS (ttm) 14.08
PE Ratio 2.41
Forward PE 3.61
Dividend $1.00 (2.94%)
Ex-Dividend Date Mar 14, 2023
Volume 2,796,872
Open 33.10
Previous Close 34.18
Day's Range 32.90 - 34.15
52-Week Range 32.26 - 63.30
Beta 3.57
Analysts Buy
Price Target 64.57 (+90.02%)
Earnings Date May 8, 2023

About OVV

Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and... [Read more]

Industry Oil & Gas E&P
Sector Energy
CEO Brendan McCracken
Employees 1,713
Stock Exchange NYSE
Ticker Symbol OVV
Full Company Profile

Financial Performance

In 2022, Ovintiv's revenue was $12.46 billion, an increase of 43.96% compared to the previous year's $8.66 billion. Earnings were $3.64 billion, an increase of 156.85%.

Financial Statements

Analyst Forecast

According to 30 analysts, the average rating for OVV stock is "Buy." The 12-month stock price forecast is $64.57, which is an increase of 90.02% from the latest price.

Price Target
$64.57
(90.02% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Ovintiv's (OVV) Q4 Earnings Miss Estimates, Revenues Beat

Ovintiv (OVV) expects spending of $2.15-$2.35 billion, crude oil and condensate volumes of 165-175 K bpd and natural gas production of 1,525-1,575 MMcf/d in 2023.

6 days ago - Zacks Investment Research

Ovintiv Reports Fourth Quarter and Year-end 2022 Financial and Operating Results

Company Delivers Record Financial Results and Significant Inventory Additions Highlights: Full Year 2022 Generated net earnings of $3.6 billion, cash from operating activities of $3.9 billion, Non-GAA...

3 weeks ago - PRNewsWire

Are Energy Investors Overlooking These 3 Canadian E&P Stocks?

Despite the bearish sentiment associated with the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advice focusing on fundamentally sound companies like CNQ, OVV and BTEGF.

Other symbols: CNQ
2 months ago - Zacks Investment Research

Ovintiv to Host its 2022 Fourth Quarter and Year-end Results Conference Call and Webcast on February 28, 2023

DENVER , Jan. 17, 2023 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2022 fourth quarter and year-end results conference call at 9:00 a.m. MT, on Tuesday Februar...

2 months ago - PRNewsWire

Not the Cool Kids

As we start the year 2023, we are reminded of the profound poetry from the band, Echosmith, in the song, “Cool Kids.” It can teach us about what it takes to succeed in long-duration common stock inves...

2 months ago - GuruFocus

Why Is Ovintiv (OVV) Down 1.1% Since Last Earnings Report?

Ovintiv (OVV) reported earnings 30 days ago. What's next for the stock?

3 months ago - Zacks Investment Research

Ovintiv (OVV) Q3 Earnings Miss Estimates, Revenues Beat

Ovintiv's (OVV) third-quarter earnings lag the consensus mark, while sales outperform the same.

4 months ago - Zacks Investment Research

Ovintiv Reports Third Quarter 2022 Financial and Operating Results

2022 Total Production Guidance Increased; Strong Returns to Shareholders and Net Debt Reduction Continue Highlights: Generated third quarter net earnings of $1.19 billion, Non-GAAP Cash Flow of $948 m...

4 months ago - PRNewsWire

Ovintiv (OVV) Q3 Earnings Coming Up: Here's How It Will Fare

Ovintiv's (OVV) third-quarter earnings are expected to have benefited from strong oil and natural gas prices though restricted production might have somewhat dented the positive effect.

4 months ago - Zacks Investment Research

3 Soild & Steady Prospects in the Canadian E&P Industry

The Zacks Oil and Gas - Exploration and Production - Canadian operators like CNQ, OVV and ERF have the capacity to tackle inflationary and -other pressures.

Other symbols: CNQERF
5 months ago - Zacks Investment Research

Ovintiv to Host its Third Quarter 2022 Results Conference Call and Webcast on November 9, 2022

DENVER , Oct. 13, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2022 third quarter results conference call at 8:00 a.m. MT, on Wednesday November 9, 2022.

5 months ago - PRNewsWire

Ovintiv Renews Annual Share Buy-Back Program

Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER , Sept. 28, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals fo...

6 months ago - PRNewsWire

Ovintiv Posts Montney Webcast Materials

DENVER , Sept. 19, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) released materials associated with its Montney webcast and conference call, planned for today at 9:00 a.m.

6 months ago - PRNewsWire

7 Best Basic Materials Stocks to Buy Now

While balancing your portfolio with the best basic materials stocks to buy has always been a solid strategy, geopolitical rumblings now make the concept almost a necessity. Just days prior to Russia's...

Other symbols: APDARLPHCCIPRIOWPM
7 months ago - InvestorPlace

Ovintiv Provides Details on Upcoming Montney Webcast and Conference Call

DENVER , Sept. 8, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today provided participant details for its upcoming Montney webcast and conference call: Time/Date: 9:00 a.m.

7 months ago - PRNewsWire

Ovintiv Names Ralph Izzo to its Board of Directors

DENVER , Sept. 6, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced that Ralph Izzo has been named as an independent member of its Board of Directors...

7 months ago - PRNewsWire

Ovintiv (OVV) Up 11.8% Since Last Earnings Report: Can It Continue?

Ovintiv (OVV) reported earnings 30 days ago. What's next for the stock?

7 months ago - Zacks Investment Research

5 Stocks That Michael Burry Just Dumped From His Portfolio

Michael Burry made a name for himself during the Great Recession. His bearish bet against the housing market made the contrarian investor a fortune.

Other symbols: BKNGBMYMETAGOOGGOOGL
7 months ago - InvestorPlace

Evolving Oil And Gas Shale Boom Appears Poised For M&A Growth

“Scale equals relevance” is the prevailing theme in the U.S. oil and gas shale world currently, and Devon Energy gained scale in the Eagle Ford play in South Texas this week with a $1.8 billion acquis...

Other symbols: DVN
8 months ago - Forbes

Ovintiv (OVV) Q2 Earnings Miss Estimates, Revenues Beat

Ovintiv Inc.'s (OVV) second-quarter earnings lag the consensus mark, while sales outperform the same.

8 months ago - Zacks Investment Research

Wall Street Analysts Predict a 37% Upside in Ovintiv (OVV): Here's What You Should Know

The consensus price target hints at a 37% upside potential for Ovintiv (OVV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate rev...

8 months ago - Zacks Investment Research

Ovintiv Reports Second Quarter 2022 Financial and Operating Results

Shareholder Returns Doubled, Highest Quarterly Cash Flow in Over a Decade Highlights: Generated second quarter net earnings of $1.36 billion, Non-GAAP Cash Flow of $1.22 billion and Non-GAAP Free Cash...

8 months ago - PRNewsWire

Here are the top 5 energy stocks, according to Goldman Sachs

Goldman Sachs on Monday picked five top energy stocks of ahead of their quarterly earnings, saying it keeps a “constructive” view on the sector thanks to cash flows and valuations, among other highlig...

Other symbols: CHKEQTFANGPXD
8 months ago - Market Watch

Why Investors Should Focus on These 4 Canadian E&P Stocks

With Russia's invasion of Ukraine upending the global energy markets and driving prices higher, the Zacks Oil and Gas - Exploration and Production - Canadian operators like CNQ, OVV, CPG and ERF are p...

Other symbols: CNQCPGERF
8 months ago - Zacks Investment Research

Ovintiv to Host its Second Quarter 2022 Results Conference Call and Webcast on August 4, 2022

DENVER , July 13, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its 2022 second quarter results conference call at 8:00 a.m. MT, on Thursday August 4, 2022.

9 months ago - PRNewsWire