Ovintiv(OVV)
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Ovintiv (OVV) Initiated with ‘Equal Weight’ Rating, $44 Price Target
Yahoo Finance· 2026-02-19 16:03
Ovintiv Inc. (NYSE:OVV) is included among the 12 Best Crude Oil Stocks to Buy as Tensions Rise. Ovintiv (OVV) Initiated with 'Equal Weight' Rating, $44 Price Target Ovintiv Inc. (NYSE:OVV), a leading North American exploration and production company focused on developing its high-quality, multi-basin portfolio. On February 3, Stephens initiated coverage of Ovintiv Inc. (NYSE:OVV) with an ‘Equal Weight’ rating and a price target of $44. The analyst believes that despite its ‘operational prowess’, the sto ...
Ovintiv To Sell Anadarko Energy Assets In $3 Billion Deal
Yahoo Finance· 2026-02-18 17:30
Canada-based energy firm, Ovintiv Inc. (NYSE: OVV), has entered into a definitive agreement to sell its Oil & Gas assets in the Anadarko Basin in Oklahoma to an undisclosed buyer for $3 billion in cash. The assets include ~360,000 net acres, representing nearly all of the company's holdings in the Anadarko region. Ovintiv currently produces roughly 90,000 barrels of oil equivalent per day (boepd) from these assets, consisting of 27,000 bbl/d of oil and condensate, 240 MMcf/d of natural gas and 23,000 bb ...
Unveiling Ovintiv (OVV) Q4 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2026-02-18 15:15
Analysts on Wall Street project that Ovintiv (OVV) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing a decline of 27.4% year over year. Revenues are projected to reach $1.95 billion, declining 11% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 2.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during ...
Ovintiv to Report Q4 Earnings: What's in Store for the Stock?
ZACKS· 2026-02-18 14:40
Key Takeaways OVV will report Q4 2025 results on Feb. 23, with EPS seen at 98 cents on $1.95B revenues.Ovintiv's Q3 EPS beat on higher condensate volumes and gas prices, but revenues fell 11%.OVV's operating expenses seen down 28.2% to $1.6B, with broad cost declines across categories.Ovintiv Inc. (OVV) is scheduled to release its fourth-quarter fiscal 2025 results on Feb. 23. The Zacks Consensus Estimate for earnings is pegged at 98 cents per share on revenues of $1.95 billion.Let us examine the key driver ...
Ovintiv set to divest Anadarko assets for $3bn
Yahoo Finance· 2026-02-18 09:50
Core Viewpoint - Ovintiv has signed a definitive agreement to divest its Anadarko assets in Oklahoma for $3 billion in cash, transferring approximately 360,000 net acres, which constitutes nearly all of the company's holdings in that region [1] Group 1: Transaction Details - The transaction is expected to conclude early in Q2 2026, with an effective date of January 1, 2026 [2] - Current production figures indicate around 90,000 barrels of oil equivalent per day, including nearly 27,000 barrels of oil and condensate, 240 million cubic feet of natural gas, and 23,000 barrels of natural gas liquids [2] - Ovintiv has engaged Wells Fargo as its financial adviser and Kirkland & Ellis as its legal adviser for this transaction [3] Group 2: Strategic Implications - The divestment is part of Ovintiv's strategy to focus its portfolio, meet debt targets, and enhance shareholder returns [3] - The company has built a significant inventory position in the Permian and Montney plays, which positions it for superior returns in the long term [4] - The acquired portfolio from the recent acquisition is expected to contribute around 100,000 barrels of oil equivalent per day of average production in 2026 [5] Group 3: Recent Acquisitions - Earlier in the month, Ovintiv completed a $2.7 billion acquisition of NuVista Energy, expanding its position in Alberta's Montney play by adding around 140,000 net acres and approximately 930 net drilling locations [4] - In November 2024, Ovintiv entered into a definitive agreement to purchase Montney assets from Paramount Resources for around $2.37 billion, which aims to bolster its presence in the Montney area [6] - The recent acquisition closed last month and is expected to bring in approximately 70,000 barrels of oil equivalent per day and 109,000 net acres, with 80% of the land remaining undeveloped [6]
Ovintiv to sell its Anadarko assets for $3 billion
Reuters· 2026-02-17 22:14
Core Viewpoint - Ovintiv has agreed to sell its Anadarko assets in Oklahoma for $3 billion, focusing on higher-margin operations in the Permian Basin and Canada's Montney [1]. Company Summary - The sale is part of Ovintiv's strategy to concentrate capital in core, higher-return basins while divesting non-core assets to strengthen its balance sheet amid commodity price volatility [1]. - The transaction is expected to close early in the second quarter of 2026 [1]. Industry Context - North American producers are increasingly focusing on core assets with higher returns, reflecting a broader trend in the industry to enhance financial stability during periods of commodity price fluctuations [1].
Ovintiv Announces Agreement to Sell its Anadarko Assets
Prnewswire· 2026-02-17 22:05
Ovintiv Announces Agreement to Sell its Anadarko Assets [Accessibility Statement] Skip NavigationDENVER, Feb. 17, 2026 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") announced today that it has entered into a definitive agreement to sell its Anadarko assets, located in Oklahoma, to an undisclosed buyer, for cash proceeds of $3.0 billion.Continue Reading[View PDF]Ovintiv Announces Agreement to Sell its Anadarko Assets (CNW Group/Ovintiv Inc.)The sale includes approximately 36 ...
Earnings Preview: Ovintiv (OVV) Q4 Earnings Expected to Decline
ZACKS· 2026-02-16 16:00
Core Viewpoint - Ovintiv (OVV) is expected to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook being crucial for assessing the company's earnings picture [1][2] Earnings Expectations - The upcoming earnings report is anticipated to be released on February 23, with expected earnings of $0.98 per share, reflecting a year-over-year decrease of 27.4% [3] - Revenues are projected to be $1.95 billion, down 11% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 2.67% higher in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Ovintiv is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.44% [12] Historical Performance - In the last reported quarter, Ovintiv exceeded the expected earnings of $0.97 per share by delivering $1.03, resulting in a surprise of +6.19% [13] - Over the past four quarters, the company has beaten consensus EPS estimates three times [14] Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10] - However, Ovintiv currently holds a Zacks Rank of 5, making it challenging to predict a beat despite the positive Earnings ESP [12] Conclusion - Ovintiv does not appear to be a compelling earnings-beat candidate, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17]
Ovintiv: 2 (Big) Steps Remain (NYSE:OVV)
Seeking Alpha· 2026-01-30 10:03
Core Insights - The article emphasizes the importance of quality research in the oil and gas industry for investors seeking reliable income sources [2][3] - It highlights the risk of chasing yield and the potential pitfalls of investing in the wrong firms, which can be detrimental for income investors [2] Group 1: Research and Analysis - Deep dive analysis is a foundational aspect of the platform, covering a wide range of companies from pipelines to renewables to producers [3] - The platform provides actionable research aimed at helping investors keep their portfolios outperforming benchmarks, with a notable track record of outperforming in six out of the past seven years [3] Group 2: Investment Opportunities - The article suggests that while commodity prices and shareholder dividends are rising, careful selection of firms is crucial to avoid mistakes in investment [2] - The platform offers a no-obligation free trial, encouraging investors to explore its research capabilities [3]
Ovintiv Names Gregory P. Hill to Board of Directors
Prnewswire· 2026-01-29 22:05
Core Viewpoint - Ovintiv Inc. has appointed Gregory P. Hill as an independent member of its board of directors, effective January 30, 2026, bringing extensive experience in the energy sector [1][2]. Group 1: Appointment Details - Gregory P. Hill, aged 64, retired in 2025 as President of Worldwide Exploration & Production and Executive Vice President of Hess Corporation [2]. - Hill has over four decades of experience in the energy industry, having held senior leadership roles at Hess, Shell, and Aera Energy, managing significant global portfolios [2]. Group 2: Contributions and Expectations - Hill's previous role at Hess involved overseeing portfolio transformation and operational excellence, with notable growth in regions such as Guyana, the Bakken, and the Gulf of America [2]. - Ovintiv's Chairman, Peter Dea, expressed confidence that Hill's technical expertise and leadership will enhance long-term shareholder value [3].