OVV Stock Recent News

The mean of analysts' price targets for Ovintiv (OVV) points to a 29.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Tourmaline, Ovintiv and Arc Resources have been highlighted in this Industry Outlook article.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - Canadian industry, we advise investing in companies like TRMLF, OVV and AETUF.

OVV's impressive production growth, strategic expansion and shareholder-focused approach make it a solid investment in the energy market.

OVV finalizes its Montney asset acquisition, adding considerable net acres and oil output to its portfolio.

DENVER , Jan. 31, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced acquisition of certain Montney assets from Paramount Resources Ltd. The acquisition adds approximately 70 thousand barrels of oil equivalent per day ("MBOE/d") of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres of land, strategically located near the Company's current Montney operations with ample access to midstream infrastructure capacity.

DENVER , Jan. 27, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced that Terri G. King has been named as an independent member of its board of directors, effective January 31, 2025.

OVV closes a $2 billion deal with FourPoint Resources for 126,000 acres in the Uinta Basin, enhancing its portfolio and strategic focus on high-value assets.

DENVER , Jan. 22, 2025 /PRNewswire/ - Ovintiv Inc. (NYSE, TSX: OVV) ("Ovintiv" or the "Company") today closed the previously announced all cash sale of substantially all its Uinta assets, located in Utah, to FourPoint Resources, LLC, for approximately $2 billion. "The Uinta sale builds on our track record of unlocking significant value from our non-core assets while focusing our portfolio and extending inventory runway in our core areas," said Ovintiv President and CEO, Brendan McCracken.