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Ovintiv (OVV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ovintiv (OVV) anticipates capital spending in the $660-$700 million range for the fourth quarter of 2023, and in the band of $2.75-$2.79 billion for the full year.
Ovintiv Inc. (NYSE:OVV ) Q3 2023 Results Conference Call November 8, 2023 12:00 PM ET Company Participants Jason Verhaest - IR Brendan McCracken - President and CEO Corey Code - EVP and CFO Greg Givens - EVP and COO Conference Call Participants Neal Dingmann - Truist Securities Gabe Daoud - TD Cowen Doug Leggate - Bank of America Scott Gruber - Citigroup Umang Choudhary - Goldman Sachs Greg Pardy - RBC Capital Markets Roger Read - Wells Fargo Operator Good day, ladies and gentlemen and thank you for standing by. Welcome to Ovintiv's 2023 Third Quarter Results Conference Call.
While the top- and bottom-line numbers for Ovintiv (OVV) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ovintiv (OVV) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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Ovintiv (OVV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
DENVER , Oct. 10, 2023 Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its third quarter 2023 results conference call at 10:00 a.m. MT, on Wednesday November 8, 2023.
Ovintiv's Permian acquisition boosted its oil and condensate production to above 200,000 barrels per day. The increased production and strong oil prices led to a projection of over $800 million in 2H 2023 free cash flow at the current strip. OVV is also projected to generate approximately $2.2 billion in free cash flow in 2024 at the current strip.
Ovintiv (OVV) anticipates total production volumes to average between 540,000 and 560,000 barrels per day (bpd) for the third quarter and between 535,000 and 550,000 bpd for the year.