Ovintiv (OVV) Stock

DENVER, Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) has announced that Terri G. King will join its board of directors as an independent member, starting on January 31, 2025.

OVV has completed a $2 billion agreement with FourPoint Resources to acquire 126,000 acres in the Uinta Basin. This move strengthens its portfolio and emphasizes its strategy to focus on valuable assets.

DENVER, Jan. 22, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE, TSX: OVV) has completed the cash sale of most of its Uinta assets in Utah to FourPoint Resources, LLC, for around $2 billion. Ovintiv's President and CEO, Brendan McCracken, stated that this sale continues their history of creating value from non-essential assets while concentrating on their main areas of business.

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

This is a comparison of how Ovintiv (OVV) and Plains GP Holdings (PAGP) have done in relation to their industry this year.

Ovintiv (OVV) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.

Ovintiv (OVV) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.

Analysts' average price targets for Ovintiv (OVV) suggest a potential increase of 39.5% in the stock's value. Although this popular measure hasn't always been very reliable, the consensus among analysts in boosting earnings forecasts does suggest a positive outlook for the stock.

Hotchkis & Wiley Funds, an investment management firm, published its investor letter for the third quarter of 2024 regarding the "Hotchkis & Wiley Large Disciplined Value Fund." You can download the letter here. The S&P 500 Index has increased by 22.1% since the beginning of the year and gained 5.9% in the third quarter.