Wall Street Analysts Predict a 32.91% Upside in Ovintiv (OVV): Here's What You Should Know
The consensus price target hints at a 32.9% upside potential for Ovintiv (OVV). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Are Investors Undervaluing Ovintiv (OVV) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
OVV's solid free cash flow and drilling efficiency boost its appeal, but commodity price volatility and high transportation costs pose risks to future profits.
Ovintiv's Q3 Earnings Beat Estimates, Revenues Down 12% Y/Y
OVV expects capital expenditure in the range of $525-$575 million for the fourth quarter of 2024 and between $2.28 billion and $2.33 billion for the full year.
Ovintiv's Twin Deals: What Are the Key Takeaways for Investors?
OVV acquires premium Montney assets and sells Uinta holdings, boosting its oil production capacity and strengthening cash flows.
Ovintiv to buy Montney oil assets for $2.38 billion
Ovintiv said on Thursday it would acquire certain oil assets located in the Montney formation in Canada from Paramount Resources for about $2.38 billion in an all-cash deal.
Ovintiv: Better Options Available For Investors
Ovintiv Inc. has a history of value destruction and mediocre management decisions. Q3-2024 results showed strong metrics and cash flow, but future guidance appears lackluster. We prefer Devon Energy, Chord Energy, and Veren Inc. over Ovintiv today.
Ovintiv Inc. (OVV) Q3 2024 Results Conference Call Transcript
Start Time: 09:00 January 1, 0000 9:32 AM ET Ovintiv Inc. (NYSE:OVV ) Q3 2024 Results Conference Call November 08, 2024, 09:00 AM ET Company Participants Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Jason Verhaest - IR Conference Call Participants Gabe Daoud - TD Cowen Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Kalei Akamine - Bank of America Arun Jayaram - JPMorgan Geoff Jay - Daniel Energy Partners Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2024 Third Quarter Results Conference Call.
Ovintiv (OVV) Q3 Earnings and Revenues Surpass Estimates
Ovintiv (OVV) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.74 per share a year ago.
Earnings Preview: Ovintiv (OVV) Q3 Earnings Expected to Decline
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.
Ovintiv to Pay $5.5M in Civil Penalty Over Clean Air Act Violations
A settlement agreement between OVV and U.S. environmental and justice officials resolves the civil lawsuit against the company concerning the Clean Air Act violations.
Strength Seen in Ovintiv (OVV): Can Its 5.3% Jump Turn into More Strength?
Ovintiv (OVV) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
