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.
OVV stock benefits from smart asset buys, flexible investments and low-cost production, but higher service costs and Canadian oil price risks could affect its performance.
Ovintiv (OVV) reported earnings 30 days ago. What's next for the stock?
The mean of analysts' price targets for Ovintiv (OVV) points to a 30.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
OVV expects capital expenditure in the range of $600-$650 million for the first quarter of 2025 and between $2.15 billion and $2.25 billion for the full year.
Ovintiv Inc. (NYSE:OVV ) Q4 2024 Results Conference Call February 27, 2025 11:00 AM ET Company Participants Jason Verhaest - IR Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Conference Call Participants Gabe Daoud - TD Cowen Doug Leggate - Wolfe Research Arun Jayaram - JPMorgan Neal Dingmann - Truist Securities Kalei Akamine - Bank of America Greta Drefke - Goldman Sachs Kevin MacCurdy - Pickering Energy Partners Dennis Fong - CIBC World Markets Operator Welcome to Ovintiv's 2024 Fourth Quarter and Year-end Results Conference Call. As a reminder, today's call is being recorded.
Ovintiv has a poor long-term track record. Guided 2025 production shows relatively no growth compared to the current fiscal year. Cenovus took time to organize, but now has a superior growth record compared to Ovintiv's business performance.
Ovintiv (OVV) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $2.35 per share a year ago.
Ovintiv (OVV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ovintiv (OVV), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
The mean of analysts' price targets for Ovintiv (OVV) points to a 29.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.