OVV Stock - Ovintiv Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $9.15B | $10.88B | $12.46B | $8.66B | $6.09B |
| Gross Profit | $4.98B | $5.90B | $6.88B | $4.22B | $2.71B |
| Gross Margin | 54.4% | 54.2% | 55.2% | 48.8% | 44.6% |
| Operating Income | $1.58B | $2.86B | $3.85B | $1.52B | $-5,397,000,000 |
| Net Income | $1.13B | $2.08B | $3.64B | $1.42B | $-6,097,000,000 |
| Net Margin | 12.3% | 19.2% | 29.2% | 16.4% | -100.2% |
| EPS | $4.25 | $8.02 | $14.34 | $5.44 | $-23.47 |
Ovintiv Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Its other upstream assets comprise Bakken in North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia, and Wheatland in southern Alberta. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 26th 2025 | William Blair | Initiation | Outperform | - |
| October 15th 2025 | RBC Capital Mkts | Upgrade | Outperform | $55 |
| October 14th 2025 | Roth Capital | Initiation | Neutral | $42 |
| August 18th 2025 | Morgan Stanley | Downgrade | Equal Weight | $48 |
| July 1st 2025 | Goldman | Upgrade | Buy | $51 |
| March 26th 2025 | Morgan Stanley | Resumed | Overweight | $57 |
| March 24th 2025 | BMO Capital Markets | Upgrade | Outperform | $57← $55 |
| January 13th 2025 | BofA Securities | Upgrade | Buy | $54← $55 |
| July 18th 2024 | Wolfe Research | Resumed | Outperform | $65 |
| June 14th 2024 | Evercore ISI | Upgrade | Outperform | $60 |
| April 10th 2024 | Barclays | Initiation | Overweight | $69 |
| December 6th 2023 | JP Morgan | Upgrade | Overweight | $58← $61 |
| November 22nd 2023 | Citigroup | Upgrade | Buy | $52← $48 |
| July 18th 2023 | Morgan Stanley | Resumed | Equal Weight | $44 |
| July 12th 2023 | Goldman | Resumed | Neutral | $38 |
Earnings History & Surprises
OVVEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.90 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.95 | $1.03 | +8.6% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $1.04 | $1.02 | -1.9% | ✗ MISS |
Q2 2025 | May 6, 2025 | $0.92 | $1.42 | +54.2% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $1.23 | $1.35 | +9.8% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $1.14 | $1.85 | +62.3% | ✓ BEAT |
Q3 2024 | Jul 30, 2024 | $1.31 | $1.23 | -6.1% | ✗ MISS |
Q2 2024 | May 7, 2024 | $1.36 | $1.43 | +5.1% | ✓ BEAT |
Q1 2024 | Feb 27, 2024 | $1.95 | $2.35 | +20.5% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $1.75 | $1.74 | -0.6% | ✗ MISS |
Q3 2023 | Jul 27, 2023 | $0.91 | $0.93 | +2.2% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $1.84 | $1.81 | -1.6% | ✗ MISS |
Q1 2023 | Feb 27, 2023 | $1.75 | $0.91 | -48.0% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $1.98 | $1.44 | -27.3% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $2.69 | $2.42 | -10.0% | ✗ MISS |
Q2 2022 | May 9, 2022 | $2.54 | $2.17 | -14.6% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $1.64 | $1.25 | -23.8% | ✗ MISS |
Q4 2021 | Nov 2, 2021 | $1.47 | $1.50 | +2.0% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $1.06 | $1.11 | +4.7% | ✓ BEAT |
Latest News
Ovintiv Enters Into Agreement For Cedar LNG Capacity; Agreement Enables Export Of 0.5 Mtpa LNG, Operations Start Late 2028; Co And Pembina Sign 12-year Agreement For 0.5 Mtpa Of Pembina's Liquefaction Capacity At Cedar LNG Facility
📈 PositiveOvintiv Names Steven Nance As Next Board Chairman As Peter Dea Announces Retirement, Effective May 6, 2026
➖ NeutralUBS Maintains Buy on Ovintiv, Raises Price Target to $55
📈 PositiveUBS Maintains Buy on Ovintiv, Raises Price Target to $54
📈 PositiveCitigroup Maintains Buy on Ovintiv, Lowers Price Target to $52
➖ NeutralOvintiv Q3 Adj. EPS $1.03 Beats $0.92 Estimate, Sales $2.066B Beat $1.983B Estimate
📈 PositiveOvintiv Q3 Adj. EPS $1.03 Beats $0.96 Estimate, Sales $2.066B Beat $1.904B Estimate
📈 PositiveOvintiv To Acquire All Outstanding Shares Of NuVista In $2.7B Cash And Stock Deal Sees Cost Synergies Of $100M Annually, Expected To Be Immediately And Long-Term Accretive Across All Key Financial Metrics
📈 PositiveWells Fargo Maintains Equal-Weight on Ovintiv, Lowers Price Target to $38
➖ NeutralRBC Capital Upgrades Ovintiv to Outperform, Maintains Price Target to $55
📈 PositiveRoth Capital Initiates Coverage On Ovintiv with Neutral Rating, Announces Price Target of $42
➖ NeutralMorgan Stanley Maintains Equal-Weight on Ovintiv, Lowers Price Target to $46
➖ NeutralBarclays Maintains Overweight on Ovintiv, Lowers Price Target to $55
➖ NeutralEvercore ISI Group Maintains Outperform on Ovintiv, Raises Price Target to $43
📈 PositiveOvintiv Secures TSX Approval To Repurchase Up To 22,287,709 Shares Under Renewed Buyback Program
📈 PositiveMizuho Maintains Outperform on Ovintiv, Lowers Price Target to $50
➖ NeutralShares of energy stocks are trading higher amid overall market strength after Fed Chair Powell said restrictive policy and shifting risks may warrant adjusting the Fed's stance.
📈 PositiveUBS Maintains Buy on Ovintiv, Raises Price Target to $52
📈 PositiveMorgan Stanley Downgrades Ovintiv to Equal-Weight, Lowers Price Target to $48
📉 NegativeFrequently Asked Questions about OVV
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