Insights Into Ovintiv (OVV) Q4: Wall Street Projections for Key Metrics

Core Viewpoint - Ovintiv (OVV) is expected to report a quarterly earnings per share (EPS) of $1.11, reflecting a year-over-year decline of 52.8$2.32 billion, down 26.8% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 1.5%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Revenues - Canadian Operations' at $462.62 million, representing an 18$1.32 billion, indicating a decrease of 20.7% from the same quarter last year [5]. - 'Revenues - Market Optimization' are expected to reach $410.08 million, reflecting a 31% decline year-over-year [5]. Production Volumes - Total production volumes are estimated at 583.10 million barrels of oil equivalent per day, down from 605.2 million barrels of oil equivalent per day in the previous year [6]. - Natural gas production volumes are projected at 1,710.06 million cubic feet per day, compared to 1,645 million cubic feet per day in the same quarter last year [6]. - Oil production volumes are expected to be 163.62 million barrels per day, down from 194.1 million barrels per day year-over-year [7]. - Total production volumes for Oil & NGLs are estimated at 298.69 million barrels per day, compared to 331.1 million barrels per day in the same quarter last year [7]. - NGLs production volumes are projected at 135.08 million barrels per day, slightly down from 137 million barrels per day year-over-year [8]. - Canadian operations are expected to produce 240.65 million barrels of oil equivalent per day, compared to 238.1 million barrels of oil equivalent per day in the same quarter last year [9]. - USA operations are projected to reach 341.35 million barrels of oil equivalent per day, down from 367.1 million barrels of oil equivalent per day in the same quarter last year [10]. - Oil & NGLs production volumes for Canadian operations are estimated at 46.45 million barrels per day, down from 51.2 million barrels per day year-over-year [11]. - For USA operations, Oil & NGLs production volumes are expected to be 251.54 million barrels per day, compared to 279.9 million barrels per day in the same quarter last year [12]. Stock Performance - Over the past month, Ovintiv shares have recorded a return of -3.5%, while the Zacks S&P 500 composite has changed by -0.5% [12].