Ovintiv (OVV)
(Delayed Data from NYSE)
$40.38 USD
+0.43 (1.08%)
Updated Sep 19, 2024 04:00 PM ET
After-Market: $40.38 0.00 (0.00%) 7:58 PM ET
3-Hold of 5 3
A Value B Growth F Momentum B VGM
Company Summary
Ovintiv Inc. is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the United States and Canada. Previously known as Encana, the company rebranded and shifted its corporate domicile from Calgary, Canada to Denver, U.S.
In February 2019, Ovintiv acquired Newfield Exploration for around $6 billion. Thanks to this buyout, Ovintiv has become one of the larger upstream players in the North American E&P landscape.
A few years ago, natural gas accounted for around 95% of Ovintiv&...
Company Summary
Ovintiv Inc. is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the United States and Canada. Previously known as Encana, the company rebranded and shifted its corporate domicile from Calgary, Canada to Denver, U.S.
In February 2019, Ovintiv acquired Newfield Exploration for around $6 billion. Thanks to this buyout, Ovintiv has become one of the larger upstream players in the North American E&P landscape.
A few years ago, natural gas accounted for around 95% of Ovintiv’s output. However, the company successfully repositioned its asset base and transitioned to the more profitable crude over a couple of years. For full-year 2023, Ovintiv’s production averaged 510,000 barrels of oil equivalent per day (BOE/d), of which more than 48% were liquids.
A significant portion of the company’s output (more than 80% to be precise) comes from three core unconventional positions in North America — Montney in British Columbia and Alberta, Anadarko Basin in Oklahoma and the Permian Basin in New Mexico. Ovintiv’s multi-basin premium portfolio also include acreage in North Dakota’s Bakken Shale and the Eagle Ford in Texas.
As of year-end 2023, Ovintiv’s total estimated proved reserves were 2,185.9 million barrels of oil equivalent (MMBOE) — 62% proved developed — of which 51% were liquids and 49% were natural gas reserves.
Ovintiv generated revenues of $10.9 billion from its operations last year, down 13% year over year. The company — focused on growth through a combination of acquisitions and active drilling — spent around $2.7 billion on capital expenditures in 2023.
The company has consistently posted some of the strongest operational and financial results among the independent oil and gas producers. As a proof of this, Ovintiv’s well costs and capital efficiency have improved 20% since 2019. Meanwhile, the company is paying a quarterly dividend of 30 cents per share.
As of Dec 31, 2023, Ointiv had cash and cash equivalents worth $3 million and long-term debt of $5.7 billion.
General Information
Ovintiv Inc
SUITE 370 - 17TH STREET SUITE 1700
DENVER, CO 80202
Phone: 303-623-2300
Fax: 303-623-2400
Email: investor.relations@ovintiv.com
Industry | Oil and Gas - Exploration and Production - Canadian |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/5/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.38 |
Current Year EPS Consensus Estimate | 5.38 |
Estimated Long-Term EPS Growth Rate | 1.10 |
Exp Earnings Date | 11/5/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 39.95 |
52 Week High | 55.95 |
52 Week Low | 37.81 |
Beta | 2.62 |
20 Day Moving Average | 2,520,948.50 |
Target Price Consensus | 59.15 |
4 Week | -6.44 |
12 Week | -13.10 |
YTD | -9.04 |
4 Week | -6.40 |
12 Week | -15.27 |
YTD | -22.77 |
Shares Outstanding (millions) | 263.61 |
Market Capitalization (millions) | 10,531.15 |
Short Ratio | 1.00 |
Last Split Date | 1/27/2020 |
Dividend Yield | 3.00% |
Annual Dividend | $1.20 |
Payout Ratio | 0.18 |
Change in Payout Ratio | -0.10 |
Last Dividend Payout / Amount | 9/13/2024 / $0.30 |
Fundamental Ratios
P/E (F1) | 7.42 |
Trailing 12 Months | 5.90 |
PEG Ratio | 6.94 |
vs. Previous Year | 33.33% |
vs. Previous Quarter | -13.89% |
vs. Previous Year | -9.10% |
vs. Previous Quarter | -2.72% |
Price/Book | 1.02 |
Price/Cash Flow | 3.00 |
Price / Sales | 1.01 |
6/30/24 | 18.28 |
3/31/24 | 17.74 |
12/31/23 | 19.50 |
6/30/24 | 9.31 |
3/31/24 | 8.84 |
12/31/23 | 9.71 |
6/30/24 | 0.44 |
3/31/24 | 0.52 |
12/31/23 | 0.60 |
6/30/24 | 0.44 |
3/31/24 | 0.52 |
12/31/23 | 0.60 |
6/30/24 | 17.70 |
3/31/24 | 16.40 |
12/31/23 | 16.63 |
6/30/24 | 18.56 |
3/31/24 | 18.12 |
12/31/23 | 19.16 |
6/30/24 | 22.52 |
3/31/24 | 21.76 |
12/31/23 | 23.06 |
6/30/24 | 39.18 |
3/31/24 | 38.44 |
12/31/23 | 38.00 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 0.47 |
3/31/24 | 0.53 |
12/31/23 | 0.53 |
6/30/24 | 31.97 |
3/31/24 | 34.70 |
12/31/23 | 34.46 |