Ovintiv, Inc. produces and develops multi-basin portfolio of oil, natural gas liquids and natural gas producing plays. The firm operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. The USA Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within the United States. The Market Optimization segment’s activities are managed by the Midstream, Marketing & Fundamentals team, which is primarily responsible for the sale of the Company’s proprietary production to third party customers. The company was founded in 1881 and is headquartered in Denver, CO.

Company profile
Ticker
OVV
Exchange
Website
CEO
Douglas Suttles
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
1847432 Alberta ULC
SEC CIK
Corporate docs
Subsidiaries
11786865 Canada Ltd. • Ovintiv Canada ULC • Cutbank Ridge Partnership • Alenco Inc. • Ovintiv USA Inc. ...
OVV stock data
News

Earnings Scheduled For August 3, 2022
3 Aug 22
Earnings Outlook For Ovintiv
2 Aug 22
Morgan Stanley Maintains Overweight on Ovintiv, Lowers Price Target to $64
19 Jul 22
Benzinga's Top Ratings Upgrades, Downgrades For July 19, 2022
19 Jul 22
Truist Securities Maintains Buy on Ovintiv, Raises Price Target to $77
19 Jul 22
Press releases
Ovintiv Reports Second Quarter 2022 Financial and Operating Results
3 Aug 22
Ovintiv to Host its Second Quarter 2022 Results Conference Call and Webcast on August 4, 2022
13 Jul 22
Ovintiv to Accelerate Doubling of Shareholder Returns; Announces Agreements to sell Portions of its Uinta and Bakken Assets for Approximately $250 Million
6 Jul 22
Analyst ratings and price targets
Current price
Average target
$68.00
Low target
$60.00
High target
$77.00
Morgan Stanley
Maintains
$64.00
Truist Securities
Maintains
$77.00
Mizuho
Maintains
$69.00
B of A Securities
Upgraded
$60.00
JP Morgan
Maintains
$66.00
Barclays
Maintains
$72.00
Calendar
4 Aug 22
16 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8M | 8M | 8M | 8M | 8M | 8M |
Cash burn (monthly) | 87.67M | 9.5M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 137.56M | 14.91M | n/a | n/a | n/a | n/a |
Cash remaining | -129.56M | -6.91M | n/a | n/a | n/a | n/a |
Runway (months of cash) | -1.5 | -0.7 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Aug 22 | Brendan Michael McCracken | Common Stock | Sale back to company | Dispose D | No | No | 47.81 | 21,645 | 1.03M | 55,867 |
5 Aug 22 | Brendan Michael McCracken | Common Stock | Option exercise | Acquire M | No | No | 0 | 21,645 | 0 | 77,512 |
5 Aug 22 | Brendan Michael McCracken | Restricted Share Unit Common Stock | Option exercise | Dispose M | No | No | 0 | 21,645 | 0 | 185,222 |
30 Jun 22 | Renee Ellen Zemljak | Restricted Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 331 | 0 | 60,771 |
30 Jun 22 | Renee Ellen Zemljak | Deferred Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 39 | 0 | 7,084 |
30 Jun 22 | Gregory Dean Givens | Restricted Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 387 | 0 | 71,033 |
30 Jun 22 | Peter A Dea | Restricted Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 220 | 0 | 40,363 |
30 Jun 22 | Peter A Dea | Deferred Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 240 | 0 | 44,654 |
30 Jun 22 | Peter A Dea | Deferred Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 732 | 0 | 44,414 |
30 Jun 22 | Meghan Nicole Eilers | Restricted Share Unit Common Stock | Grant | Acquire A | No | No | 0 | 114 | 0 | 20,913 |
Institutional ownership, Q1 2022
80.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 401 |
Opened positions | 80 |
Closed positions | 44 |
Increased positions | 129 |
Reduced positions | 145 |
13F shares | Current |
---|---|
Total value | 11.15B |
Total shares | 206.41M |
Total puts | 1.29M |
Total calls | 4.94M |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 26.28M | $1.42B |
BLK Blackrock | 23.23M | $1.26B |
Dodge & Cox | 20.62M | $1.12B |
FMR | 8.19M | $442.73M |
STT State Street | 7.79M | $421.25M |
Marshall Wace | 4.87M | $263.33M |
Geode Capital Management | 4.69M | $253.44M |
GS Goldman Sachs | 4.48M | $242.38M |
Assenagon Asset Management | 4.28M | $231.67M |
Arrowstreet Capital, Limited Partnership | 3.95M | $213.6M |
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
discretionary, LNG, loan, premium, reached, recessionary, sell, sentiment
Removed:
accessible, carefully, exceed, expired, reader, remain, remained, succeed, team, translation
Financial reports
Current reports
8-K
Ovintiv Reports Second Quarter 2022 Financial and Operating Results
3 Aug 22
8-K
Announces Agreements to sell Portions of its Uinta and Bakken Assets for Approximately $250 Million
6 Jul 22
8-K
Ovintiv Reports First Quarter 2022 Financial and Operating Results
9 May 22
8-K
Ovintiv Announces Results of Annual Meeting
5 May 22
8-K
Entry into a Material Definitive Agreement
7 Apr 22
8-K
Ovintiv Reports Fourth Quarter and Year-end 2021 Financial and Operating Results
24 Feb 22
8-K
Other Events
3 Feb 22
8-K
Ovintiv Reports Third Quarter 2021 Financial and Operating Results
2 Nov 21
8-K
Ovintiv Announces Achievement of Key Sustainability Milestones
6 Oct 21
8-K
Company Announces TSX Acceptance of Normal Course Issuer Bid
28 Sep 21
Registration and prospectus
S-8
Registration of securities for employees
4 Aug 22
S-3ASR
Automatic shelf registration
6 Mar 20
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Jan 20
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Jan 20
8-K12B
Notification of registration of securities
24 Jan 20
425
Business combination disclosure
18 Dec 19
425
Business combination disclosure
17 Dec 19
Proxies
DEFA14A
Additional proxy soliciting materials
16 Apr 21
DEFA14A
Additional proxy soliciting materials
12 Mar 21
DEF 14A
Definitive proxy
12 Mar 21
DEFA14A
Additional proxy soliciting materials
19 Feb 21
DEFA14A
Additional proxy soliciting materials
18 Feb 21
DEFA14A
Additional proxy soliciting materials
18 Feb 21
DEFA14A
Additional proxy soliciting materials
18 Feb 21
DFAN14A
Additional proxy materials by non-management
28 Jan 21
DFAN14A
Additional proxy materials by non-management
26 Jan 21
Ownership
4
Ovintiv / Brendan Michael McCracken ownership change
8 Aug 22
4
Ovintiv / Rachel Maureen Moore ownership change
5 Jul 22
4
Ovintiv / Corey Douglas Code ownership change
5 Jul 22
4
Ovintiv / Bruce Gordon Waterman ownership change
5 Jul 22
4
Ovintiv / Suzanne P Nimocks ownership change
5 Jul 22
4
Ovintiv / STEVEN W NANCE ownership change
5 Jul 22
4
Ovintiv / Brendan Michael McCracken ownership change
5 Jul 22
4
Ovintiv / THOMAS G RICKS ownership change
5 Jul 22
4
Ovintiv / Katherine Lucas Minyard ownership change
5 Jul 22
4
Ovintiv / Brian Gordon Shaw ownership change
5 Jul 22
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
10 May 22
2021 Q4
Earnings call transcript
25 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
28 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
29 Jul 20
2020 Q1
Earnings call transcript
8 May 20
Reddit threads
From here everything depends on oil prices - so where do you think they're heading?
12 Aug 22
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
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29 Jul 22
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17 Jul 22
Daily Discussion - Thursday July 14 2022
14 Jul 22
Looking to buy into market now, have been sitting on cash since the crash. What do you think of my planned buys?
11 Jul 22
Daily Discussion - Friday July 08 2022
8 Jul 22
Daily Discussion - Monday July 04 2022
4 Jul 22