$OVV.TO

RBC Maintains Ovintiv's Outperform Rating, US$70.00 Price Target

RBC Capital Markets on Tuesday reiterated its outperform rating on the shares of Ovintiv (OVV.TO., OVV) and its US$70.00 price target following first-quarter results from the oil and gas producer.Ovintiv delivered solid first-quarter results and streamlined its portfolio around the Montney and Permian basins, according to RBC.The company has emerged as one of the largest condensate producers in Canada, the constructive pricing outlook for which reflects ongoing oil sands growth and a supply deficit, RBC said."In our eyes, Ovintiv's streamlined portfolio, resource depth and enhanced shareholder returns point toward ongoing share price appreciation and relative multiple expansion over time," analyst Greg Pardy said."That the company's strong well performance in the Montney will offset higher royalties-while its ongoing efficiency gains are set to neuter inflationary pressures-in 2026 is also bullish in our books," Pardy added.Price: $78.60, Change: $-0.99, Percent Change: -1.24%

National Bank of Canada Increases Ovintiv's Price Target to US$82 from US$80

National Bank of Canada on Monday reiterated its outperform rating on the shares of Ovintiv (OVV.TO) while raising its price target to US$82.00 from US$80.00 after the oil and gas producer reported first-quarter results.Ovintiv's average production of 679,000 barrels of oil equivalent per day (boe/d) in the quarter aligned with the bank's estimate of 670,000 boe/d and the Street forecast of 673,000 boe/d.The company's cash flow of US$4.62 per share exceeded RBC's estimate of $3.93 per share and the consensus expectation of US$4.24 per share.The delta to National Bank's estimates was driven by a combination of higher-than-expected volumes and realized prices, partially offset by higher-than-expected operating costs and royalties, the bank said.Price: $79.99, Change: $-0.88, Percent Change: -1.09%

Ovintiv Maintained at Buy at TPH Following Q1 Results; Price Target at US$69.00

Tudor, Pickering, Holt on Tuesday maintained a buy rating on the shares of Ovintiv (OVV.TO, OVV) with a US$69.00 price target following first-quarter results from the oil and gas producer."OVV posted a solid Q1 beat, headlined by $1.24B cash flow pre-WC coming in ~7.5% better vs. consensus, comparing to TPHe/Street $1.21B/$1.15B, with expenses and liquids realizations contributing to the delta vs. our model. On ops, 679mboepd total and 225mbopd crude and condensate compared to TPHe/Street 676/673 and 227/223, respectively, with $605MM capex slightly better vs. TPHe/Street $626MM/$631MM and solidifying the FCF beat. Compared to our model, the production beat owed roughly evenly to both Permian (221mboepd vs. TPHe/Street 218/217; at least partially TIL-driven at first blush, 34 vs. TPHe 32) and Montney (365mboepd vs. TPHe/Street 361/363, despite fewer TILs at 26 vs. TPHe 34), which more than offset the divested Anadarko (93mboepd vs. TPHe/Street 97/93)," analyst Jeoffrey Lambujon wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $80.32, Change: $-0.55, Percent Change: -0.68%

Ovintiv Posts a Wider First-quarter Loss; Full-year Outlook Reaffirmed; Dividend Declared

Ovintiv (OVV.TO) after trade Monday reported a wider first-quarter loss and issued its second-quarter guidance as well as reiterated its full-year outlook.The company lost US$630 million, or US$2.35 per share, including non-cash ceiling test impairments of US$1.2 billion, after tax, or US$4.30 per share, compared with a loss of US$$159 million, or $US0.61, including a non-cash ceiling test impairment of US$557 million, after tax.The company also reaffirmed its full-year guidance for total production of 620,000 to 645,000 barrels of oil equivalent per day (MBOE/d). Full-year capital investment is expected to range between US$2.25 billion and US$2.35 billion.For the second quarter, the company expects total production of 610,000 to 635,000 MBOE/d, including oil and condensate production of 200,000 to 205,000 barrels per day. Capital investment is projected at US$550 million to US$600 million.Ovintiv's board declared a quarterly dividend of $0.30 per share, payable on June 30 to shareholders of record as of June 15.The company's shares closed u[p C$1.77 to C$80.87 on the Toronto Stock Exchange.

Ovintiv Says FY Production Volumes Expected to average 620 to 645 MBOE/d, With FY Expected Capital Investment of US$2.25B to $2.35B

Ovintiv Issued its Q2 2026 guidance and Reiterated its FY Guidance

Ovintiv Reported Q1 net loss of US$630 million, or $2.35 per share diluted

Ovintiv Closes US$3 Billion Anadarko Asset Sale; Set to Redeem US$700 Million Notes

Ovintiv (OVV.TO) after trade on Thursday said it completed the all-cash sale of its Anadarko assets in Oklahoma for US$3 billion, with proceeds of about US$2.85 billion after adjustments.Chief Executive Brendan McCracken said the deal completes the transformation of the company's portfolio and balance sheet. "Proceeds from the sale will go to debt reduction, marking the achievement of our debt target and unlocking returns for our shareholders."The company added that it will redeem its entire US$700 million of 5.650% notes due 2028, with the redemption set for April 20.