Ovintiv
About: Ovintiv Inc is a North American oil and natural gas exploration and production company that is focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Its operations also include the marketing of oil, NGLs and natural gas. The company has two operating segments: USA Operations, and Canadian Operations. The USA Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within the United States. The Canadian Operations include the exploration for, development of, and production and marketing of oil, NGLs, natural gas and other related activities within Canada.
Employees: 1,623
0
Funds holding %
of 7,295 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
75% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 7 (+3) [Q1 2025]
52% more call options, than puts
Call options by funds: $119M | Put options by funds: $77.9M
45% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 60
19% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 185
10% more capital invested
Capital invested by funds: $8.94B [Q4 2024] → $9.83B (+$894M) [Q1 2025]
4.19% more ownership
Funds ownership: 84.47% [Q4 2024] → 88.65% (+4.19%) [Q1 2025]
3% more funds holding
Funds holding: 552 [Q4 2024] → 570 (+18) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$45
11%
upside
Avg. target
$52
28%
upside
High target
$58
43%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Mizuho Nitin Kumar | 43%upside $58 | Outperform Maintained | 13 May 2025 |
Barclays Betty Jiang | 31%upside $53 | Overweight Maintained | 23 Apr 2025 |
Wells Fargo Roger Read | 14%upside $46 | Equal-Weight Maintained | 22 Apr 2025 |
Morgan Stanley Devin McDermott | 41%upside $57 | Overweight Reinstated | 26 Mar 2025 |
JP Morgan Arun Jayaram | 11%upside $45 | Overweight Maintained | 13 Mar 2025 |
Financial journalist opinion
Based on 3 articles about OVV published over the past 30 days
Negative
Zacks Investment Research
3 days ago
Here's Why Retain Strategy Is Apt for Ovintiv Stock for Now
OVV boosts free cash flow, trims debt and sees Montney gains, but commodity price volatility and execution risks pose challenges.
Positive
Zacks Investment Research
1 week ago
Ovintiv (OVV) Up 10.3% Since Last Earnings Report: Can It Continue?
Ovintiv (OVV) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
2 weeks ago
Ovintiv May Generate Over $6 Per Share In 2025 Free Cash Flow (Rating Upgrade)
Ovintiv is projected to generate over $1.6 billion in 2025 free cash flow. This would leave it with over $1.3 billion (after dividends) to put towards debt reduction and share repurchases. I estimate Ovintiv's value at $50 per share, so share repurchases at $36 would be quite favorable.
Positive
Seeking Alpha
1 month ago
Ovintiv: Commodity Prices And Production Growth Will Boost Its Revenues
Ovintiv expects to increase its production by 3.42% in 2025. In addition, it has increased its production at a CAGR of 6.53% between 2017 and 2024. The DCF model implemented in this article suggests that the company presents an undervaluation of 118.01%. The natural gas prices are expected to experience a considerable increase in the following two years.
Positive
Zacks Investment Research
1 month ago
Ovintiv's Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
OVV expects total production of 595-615 MBOE/d, with oil and condensate at 202-208 Mbbls/d and NGLs at 87-92 Mbbls/d for full-year 2025.
Neutral
Seeking Alpha
1 month ago
Ovintiv Inc. (OVV) Q1 2025 Earnings Call Transcript
Ovintiv Inc. (NYSE:OVV ) Q1 2025 Earnings Conference Call May 7, 2025 10:00 AM ET Company Participants Jason Verhaest - Investor Relations Brendan McCracken - President and Chief Executive Officer Corey Code - Executive Vice President and Chief Financial Officer Greg Givens - Executive Vice President and Chief Operating Officer Conference Call Participants Arun Jayaram - JPMorgan Gabe Daoud - TD Cowen Doug Leggate - Wolfe Research Josh Silverstein - UBS Phillips Johnston - Capital One Neil Mehta - Goldman Sachs Kevin MacCurdy - Pickering Energy Kalei Akamine - Bank of America John Daniel - Daniel Energy Partners Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Ovintiv's 2025 First Quarter Results Conference Call.
Positive
Zacks Investment Research
1 month ago
Ovintiv (OVV) Q1 Earnings and Revenues Surpass Estimates
Ovintiv (OVV) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.44 per share a year ago.
Neutral
PRNewsWire
1 month ago
Ovintiv Reports First Quarter 2025 Financial and Operating Results
Continued Maintenance Investment to Drive Free Cash Flow; High-Graded Portfolio Bolsters Financial Resiliency Highlights: Generated cash from operating activities of $873 million, Non-GAAP Cash Flow of $1,004 million and Non-GAAP Free Cash Flow of $387 million after capital expenditures of $617 million First quarter oil and condensate production was above the guidance range at 206 thousand barrels per day ("Mbbls/d") Average total production of approximately 588 thousand barrels of oil equivalent per day ("MBOE/d") was above the midpoint of the guidance range and included 89 Mbbls/d of other NGLs (C2 to C4) and 1,764 million cubic feet per day ("MMcf/d") of natural gas Closed the previously announced acquisition of certain Montney assets in an all-cash transaction for approximately $2.3 billion after preliminary closing adjustments Closed the previously announced divestiture of Uinta assets for approximately $1.9 billion after preliminary closing adjustments Released the Company's 2024 Sustainability Report on the Company's website DENVER , May 6, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its first quarter 2025 financial and operating results. The Company plans to hold a conference call and webcast at 8:00 a.m.
Neutral
PRNewsWire
1 month ago
Ovintiv Announces Results of Annual Meeting
DENVER , May 5, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 20, 2025 (the "Proxy Statement"), were voted upon at its 2025 Annual Meeting of Shareholders held on May 1, 2025. Election of Directors Each director listed in the Proxy Statement was elected as a director of the Company.
Negative
Zacks Investment Research
1 month ago
Tariffs Hit Hard, But 3 Canadian Upstream Stocks Hold Up
Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise investing in companies like TRMLF, AETUF and OVV.
Charts implemented using Lightweight Charts™