Ovintiv(OVV)

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Ovintiv to Host its Third Quarter 2024 Results Conference Call and Webcast on November 8, 2024
Prnewswire· 2024-10-11 17:14
Group 1 - Ovintiv Inc. plans to hold its third quarter 2024 results conference call on November 8, 2024, at 7:00 a.m. MT [1] - The financial and operating results will be released after market close on November 7, 2024 [1] - Supplemental slides and financial statements will be available on the company's website [1] Group 2 - Investors can join the conference call by registering online or dialing in directly [2] - The toll-free number for North America is 888-510-2154, and the international number is 437-900-0527 [2] - Participants are advised to join approximately 15 minutes prior to the call [2] Group 3 - A live audio webcast of the event will be available on Ovintiv's website and archived for approximately 90 days [3] - Additional information about Ovintiv Inc. can be found on their official website [3] - Investor and media contact information is provided for further inquiries [3]
Ovintiv to Pay $5.5M in Civil Penalty Over Clean Air Act Violations
ZACKS· 2024-10-08 15:15
Ovintiv Inc. (OVV) , a Denver-based oil and gas company, has reached a settlement agreement with the U.S. environmental and justice officials over alleged violations of the Clean Air Act. The company has been asked to implement remediation measures as part of the settlement agreement and pay a civil penalty for the alleged breaches. Emissions Linked to OVV's Production Facilities Per a statement by the U.S. Environmental Protection Agency ("EPA"), the United States and the state of Utah have jointly sued Ov ...
Should You Buy Ovintiv Stock Amid Attractive Valuation or Hold?
ZACKS· 2024-10-01 12:45
Ovintiv Inc. (OVV) is currently considered undervalued, trading at a 3.37x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 4.58x. Image Source: Zacks Investment Research Ovintiv makes money by finding, extracting and selling oil and natural gas, as well as transporting and processing these resources. While a discounted valuation can indicate a buying opportunity, this is important to assess wheth ...
Ovintiv Renews Annual Share Buy-Back Program
Prnewswire· 2024-09-26 21:05
Company Receives TSX Approval for Renewal of Normal Course Issuer Bid DENVER, Sept. 26, 2024 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced it has received regulatory approvals for the renewal of its share buy-back program. This action is consistent with the Company's capital allocation framework, which returns at least 50 percent of post base dividend Non-GAAP Free Cash Flow to shareholders. The Toronto Stock Exchange ("TSX") has accepted Ovintiv's notice of intention to renew its norma ...
Ovintiv (OVV) Considers Divesting Uinta Basin Operations
ZACKS· 2024-08-22 13:16
Ovintiv Inc. (OVV) , a leading oil and gas exploration and production company based in Denver, is reportedly considering a sale of its operations in the Uinta Basin. According to Bloomberg, the transaction could fetch up to $2 billion. The company is currently working with an adviser to gauge buyer interest in the asset, signaling a strategic move that could reshape its portfolio. Let's delve into the details of the potential sale, the importance of the Uinta Basin assets and the broader implications for OV ...
Ovintiv: 2024 Production Guidance Increase, Multi-Frac Technology, And Cheap
Seeking Alpha· 2024-08-06 06:23
Jonathan Knowles/DigitalVision via Getty Images Ovintiv Inc. (NYSE:OVV) recently raised its full-year production guidance in 2024, and showed an impressive business growth in the last decade. From asset growth to FCF growth and debt reduction, everything seems to indicate that OVV has proven expertise in the industry. I would be expecting new well improvement from multi-frac technology Simulfrac and Trimulfrac, which may have a beneficial effect on free cash flow growth. Besides, recent announcements about ...
Ovintiv's (OVV) Q2 Earnings Beat Estimate, Revenues Lag
ZACKS· 2024-08-01 11:06
Ovintiv Inc. (OVV) reported second-quarter 2024 adjusted earnings per share (EPS) of $1.24, which beat the Zacks Consensus Estimate of $1.22 and increased from the year-ago level of 93 cents. The outperformance can be attributed to higher oil price realization and successful year-over-year cost-control initiatives. The Denver, CO-based oil and gas exploration and production company's total revenues of $2.2 billion decreased 13.3% from the year-ago quarter's figure and missed the Zacks Consensus Estimate by ...
Ovintiv(OVV) - 2024 Q2 - Earnings Call Transcript
2024-07-31 18:13
Start Time: 10:00 January 1, 0000 11:01 AM ET Ovintiv Inc. (NYSE:OVV) Q2 2024 Earnings Conference Call July 31, 2024, 10:00 PM ET Company Participants Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Jason Verhaest - IR Conference Call Participants Neal Dingmann - Truist Securities Arun Jayaram - JPMorgan Josh Silverstein - UBS Neil Mehta - Goldman Sachs Douglas Leggate - Wolfe Research Gabe Daoud - TD Cowen Greg Pardy - RBC Capital Markets Roger Read - Wells Fargo Ka ...
Ovintiv(OVV) - 2024 Q2 - Earnings Call Presentation
2024-07-31 17:38
| --- | --- | --- | --- | --- | --- | --- | --- | |-----------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | 2Q24 Results | | | | | | | | | Conference Call | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1 | Forward Looking Statements This presentation contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Se ...
Ovintiv (OVV) Beats Q2 Earnings Estimates
ZACKS· 2024-07-30 23:30
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. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earn ...