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Zacks Rank & Performance of Other Energy Players.
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Ovintiv Inc. (De) (OVV) Q2 2020 Earnings Call Transcript, Ovintiv (OVV) Reports Q2 Loss, Lags Revenue Estimates, Ovintiv Reports Second Quarter Financial and Operating Results, Ovintiv to Host its Second Quarter 2020 Results Conference Call on July 29, 2020, Hedge Funds Never Been Less Bullish On Ovintiv Inc. (OVV), Ovintiv Sees 650 Job Cuts in Canada & US Amid Weak Oil Demand, Oil Prices Climb Despite Fears Of A Second Wave, Exclusive: Vanguard names names and backs some calls for climate steps.
This underperformance can be attributed to soft commodity price realizations.
Ovintiv (OVV) delivered earnings and revenue surprises of -4.88% and -43.24%, respectively, for the quarter ended June 2020. Shares of Ovintiv Inc. OVV have rallied more than 59% since its first-quarter 2020 earnings announcement on May 7.
Total first-quarter production (Ovintiv plus Newfield combined) came in at 571,300 barrels of oil equivalent per day (BOE/d) compared with 468,200 BOE/d in the prior-year period. Total expenses increased to $1.88 billion from the year-ago figure of $1.46 billion. The listed name for OVV is Ovintiv Inc. Sign up for a Robinhood Account to buy or sell Ovintiv stock and options commission-free. Zacks. Ovintiv’s total costs were $12.17 per barrels of oil equivalent in the quarter, down 9.4% from the year-earlier quarter. Ovintiv anticipates its 2020 capital expenditure between $1.8 and $1.9 billion. The company was founded in 1881 and is headquartered in Denver, CO.
While Cheniere Energy and Williams Companies carry a Zacks Rank #2 (Buy), Murphy sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Change the date range, see whether others are buying or selling, read news, get earnings results, and compare Ovintiv against related stocks people have also bought. This rise is primarily attributed to higher depreciation, transportation and impairment costs.
In Q1 2020, our products and solutions improved the lives of 1.65 billion people worldwide, up from 1.61 billion a year earlier; our efforts to improve access to care for underserved healthcare communities resulted in 190 million lives improved (Q1 2019: 183 million). Recently, the company, formerly known as Encana Corporation, redomiciled in the United States under the new name, Ovintiv Inc. With this transition, shares of the company are now dually traded on Toronto as well as on New York stock exchanges under the ticker symbol OVV. The company's principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. Ovintiv’s total costs were $12.17 per barrels of oil equivalent in the quarter, down 9.4% from the year-earlier quarter. Why Ovintiv (OVV) Surges 59.1% Post Q1 Earnings Release, Peter Dea Named as Ovintiv Board Chairman Replacing Retiring Chair Clayton Woitas, A Rising Share Price Has Us Looking Closely At Ovintiv Inc.'s (TSE:OVV) P/E Ratio, Causeway's Sarah Ketterer Slashes Holdings of Oil Stocks, Buys Bottling Company, News Flash: Analysts Just Made A Notable Upgrade To Their Ovintiv Inc. (TSE:OVV) Forecasts, Ovintiv Reports First Quarter Financial and Operating Results, Ovintiv Announces Results of Annual Meeting, Ovintiv to Host its 2020 First Quarter Results Conference Call on Friday, May 8, 2020. Ovintiv’s cash from operating activities in the quarter under review summed $566 million, up from the year-ago figure of $529 million. Although the bottom line came below the Zacks Consensus Estimate, investors welcomed the company’s cost-reduction efforts. Although the bottom line came below the Zacks Consensus Estimate, investors welcomed the company’s cost-reduction efforts. May-27-20 05:05PM : Peter Dea Named as Ovintiv Board Chairman Replacing Retiring Chair Clayton Woitas.
The number of crime incidents recorded in the category Controlled drug offences rose by 3,003 (+15.7%) to 22,166 in the year to Q1 2020 compared with the previous year. Did Hedge Funds Make The Right Call On Ovintiv Inc. (OVV) ? Join thousands of traders who make more informed decisions with our premium features. How Do Ovintiv Inc.s (TSE:OVV) Returns On Capital Compare To Peers? 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 Canadian Operations segment includes the exploration for, development of, and production of oil, NGLs, natural gas and other related activities within Canada. Why Ovintiv (OVV) Surges 59.1% Post Q1 Earnings Release. CNW Group-10.34%.
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