OVV offers strong production growth and cash flow, yet potential investors should be cautious of its debt and sensitivity to market changes.
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) expects capital expenditure in the $530-$570 million range for the third quarter of 2024 and between $2.25 and $2.35 billion for the full year.
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.
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 (OVV) reported earnings 30 days ago. What's next for the stock?