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Ovintiv Inc - OVV STOCK NEWS

Welcome to our dedicated news page for Ovintiv (Ticker: OVV), a resource for investors and traders seeking the latest updates and insights on Ovintiv.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ovintiv's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ovintiv's position in the market.

News
Ovintiv to Host its First Quarter 2024 Results Conference Call and Webcast on May 8, 2024
Rhea-AI Summary
Ovintiv Inc. announces its first quarter 2024 results conference call and webcast on May 8, 2024. The company will release financial and operating results on May 7, 2024, with supplemental slides and financial statements available on their website. Investors can join the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
conferences earnings
-
News
Ovintiv Reports Fourth Quarter and Year-End 2023 Financial and Operating Results
Rhea-AI Summary
Ovintiv Inc. reported strong operational execution in 2023 with net earnings of $2.1 billion, cash from operating activities of $4.2 billion, and Non-GAAP Free Cash Flow of $1.2 billion. The company exceeded production guidance, returned $733 million to shareholders, acquired Permian assets, and closed the sale of Bakken assets. In Q4 2023, they generated net earnings of $856 million and reduced total debt by $426 million. The 2024 outlook includes a capital program of $2.2 to $2.4 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.89%
Tags
earnings
-
News
Ovintiv to Host its 2023 Fourth Quarter and Year-End Results Conference Call and Webcast on February 28, 2024
Rhea-AI Summary
Ovintiv Inc. (NYSE: OVV) announced its plans to hold its 2023 fourth quarter and year-end results conference call on February 28, 2024. The company will release its financial and operating results after market close on February 27, 2024. The event will include supplemental slides and financial statements, and a live audio webcast will be available on Ovintiv's website. Investors and media can register for the conference call and obtain further information on the company via the provided contact details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
conferences
News
Ovintiv Names Sippy Chhina to Board of Directors
Rhea-AI Summary
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) appoints Sippy Chhina as an independent member of its board of directors. Chhina brings extensive energy industry experience and professional services expertise, having retired as a Partner at Deloitte Canada LLP. She will join the board effective January 15, 2024, adding diverse business experience and strategic advisory skills to the company's governance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
management
-
News
Ovintiv Announces Upsize and Pricing of Offering of Common Stock by a Selling Stockholder
Rhea-AI Summary
Ovintiv Inc. (OVV) announced the upsize and pricing of a previously announced underwritten public offering of its common stock. The Offering increased from 8,400,000 to 9,400,000 shares at a price of US$44.35 per share, resulting in gross proceeds of approximately US$416.9 million. The Company will not sell any shares and will not receive any proceeds from the sale. The Offering is expected to close on November 22, 2023, with Goldman Sachs & Co. LLC acting as underwriter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
offering
-
News
Ovintiv Announces Secondary Offering of Common Stock by a Selling Stockholder
Rhea-AI Summary
Ovintiv Inc. (NYSE: OVV) Announces Secondary Offering of 8,400,000 Common Shares by NMB Stock Trust and Intends to Repurchase $53.0 million of Common Stock. Goldman Sachs & Co. LLC will act as the underwriter for this Offering. The announcement details the intention of NMB Stock Trust to offer for sale 8,400,000 shares of Ovintiv's common stock, with the company intending to repurchase $53.0 million of the shares from the underwriter. The Offering is entirely composed of secondary shares, and Ovintiv will not receive any proceeds from the sale. The repurchase is not conditioned upon the closing of the Offering, but the repurchase is conditioned upon the closing of the Offering. Goldman Sachs & Co. LLC will act as the underwriter for this Offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
offering
News
Ovintiv Reports Third Quarter 2023 Financial and Operating Results
Rhea-AI Summary
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) announced strong third quarter 2023 financial and operating results, including net earnings of $406 million, cash from operating activities of $906 million, and an increase in full year 2023 production guidance. The company also received regulatory approval for its normal course issuer bid program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
earnings
-
News
Ovintiv to Host its Third Quarter 2023 Results Conference Call and Webcast on November 8, 2023
Rhea-AI Summary
Ovintiv Inc. to hold Q3 2023 results conference call and webcast on November 8, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
conferences earnings
-
News
Ovintiv Renews Annual Share Buy-Back Program
Rhea-AI Summary
Ovintiv Inc. receives TSX approval for renewal of share buy-back program, allowing the purchase of up to 26,734,819 common shares in the next 12 months. The company aims to return at least 50% of post base dividend Non-GAAP Free Cash Flow to shareholders. Ovintiv has already purchased 11,199,940 common shares under its existing program at an average price of US$46.06 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.07%
Tags
none
News
Ovintiv Announces Pricing of Offering of Common Stock by a Selling Stockholder
Rhea-AI Summary
Ovintiv announces pricing of offering of common stock by a selling stockholder
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.53%
Tags
offering
Stock OVV logo
Ovintiv Inc

NYSE:OVV

OVV Rankings

#642 Ranked by Market Cap
#2355 Ranked by Stock Gains
#1327 Ranked by Dividends

OVV Stock Data

14.45B
267.90M
0.46%
82.94%
1.87%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Calgary

About OVV

Ovintiv Inc. is a hydrocarbon exploration and production company organized in Delaware and headquartered in Denver, United States. It was founded and headquartered in Calgary, Alberta, under its previous name Encana.