Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
08 April 2002Website:
http://www.ovintiv.comNext earnings report:
07 November 2024Last dividends:
13 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:21:28 GMTAnalysts recommendations
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OVV Latest News
Ovintiv (OVV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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.
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 for the renewal of its share buy-back program.
Ovintiv (OVV) considers selling its Uinta Basin operations for up to $2 billion to focus on higher-growth regions like the Permian Basin.
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. Recent announcements about reductions in expenses and new well improvement technologies could accelerate FCF growth, making OVV stock appear undervalued.
Ovintiv (OVV) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $0.93 per share a year ago.
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 Flow of $1,025 million and Non-GAAP Free Cash Flow of $403 million after capital expenditures of $622 million Second quarter production was at the high-end or above the guidance range on every product with average total production volumes of 594 thousand barrels of oil equivalent per day ("MBOE/d"), including 212 thousand barrels per day ("Mbbls/d") of oil and condensate, 92 Mbbls/d of other NGLs (C2 to C4) and 1,740 million cubic feet per day ("MMcf/d") of natural gas Returned $262 million to shareholders through the combination of base dividend payments and share buybacks Raised full year production guidance range to 570 MBOE/d to 580 MBOE/d, including oil and condensate of 207 Mbbls/d to 209 Mbbls/d and natural gas of 1,660 MMcf/d to 1,690 MMcf/d Full year capital guidance range narrowed to $2.25 billion to $2.35 billion, midpoint unchanged at $2.3 billion DENVER , July 30, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its second quarter 2024 financial and operating results. The Company plans to hold a conference call and webcast at 8:00 a.m.
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.
Ovintiv (OVV) reported earnings 30 days ago. What's next for the stock?
Ovintiv anticipates spending between $2.2 billion and $2.4 billion for the entire year of 2024, with capital expenditures expected to be between $610 million and $650 million in the second quarter of the year.
What type of business is Ovintiv?
Ovintiv Inc. is an independent oil company in the United States. Its main activities include exploration and development of oil and gas fields, processing, and marketing of its own products. It is among the top 15 gas producers in the United States. Founded in 2002, although its roots go back to the late 19th century when natural gas was discovered during water well drilling in the province of Alberta. Founded in: Calgary, Canada. In January 2020, it was renamed Ovintiv. The headquarters were relocated to Denver, Colorado, USA. The company also has a marketing department responsible for product sales.
What sector is Ovintiv in?
Ovintiv is in the Energy sector
What industry is Ovintiv in?
Ovintiv is in the Oil & Gas Equipment & Services industry
What country is Ovintiv from?
Ovintiv is headquartered in United States
When did Ovintiv go public?
Ovintiv initial public offering (IPO) was on 08 April 2002
What is Ovintiv website?
https://www.ovintiv.com
Is Ovintiv in the S&P 500?
No, Ovintiv is not included in the S&P 500 index
Is Ovintiv in the NASDAQ 100?
No, Ovintiv is not included in the NASDAQ 100 index
Is Ovintiv in the Dow Jones?
No, Ovintiv is not included in the Dow Jones index
When was Ovintiv the previous earnings report?
No data
When does Ovintiv earnings report?
The next expected earnings date for Ovintiv is 07 November 2024