Latest news with #OvintivInc
Yahoo
13-05-2025
- Business
- Yahoo
Some Investors May Be Willing To Look Past Ovintiv's (NYSE:OVV) Soft Earnings
The market was pleased with the recent earnings report from Ovintiv Inc. (NYSE:OVV), despite the profit numbers being soft. We think that investors might be looking at some positive factors beyond the earnings numbers. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. For anyone who wants to understand Ovintiv's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by US$1.2b due to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. Ovintiv took a rather significant hit from unusual items in the year to March 2025. All else being equal, this would likely have the effect of making the statutory profit look worse than its underlying earnings power. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we mentioned previously, the Ovintiv's profit was hampered by unusual items in the last year. Based on this observation, we consider it possible that Ovintiv's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into Ovintiv, you'd also look into what risks it is currently facing. For example, we've discovered 4 warning signs that you should run your eye over to get a better picture of Ovintiv. Today we've zoomed in on a single data point to better understand the nature of Ovintiv's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Cision Canada
05-05-2025
- Business
- Cision Canada
Ovintiv Announces Results of Annual Meeting
DENVER, May 5, 2025 /CNW/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) the "Company") today announced that the following matters, as further described in the Company's Proxy Statement filed on March 20, 2025 (the "Proxy Statement"), were voted upon at its 2025 Annual Meeting of Shareholders held on May 1, 2025. Election of Directors View PDF Each director listed in the Proxy Statement was elected as a director of the Company. The results of the vote by ballot were as follows: Advisory Vote to Approve Compensation of Named Executive Officers The results of the non-binding advisory vote for the compensation of the Company's named executive officers were as follows: Shares For Percent Shares Against Percent Abstain Broker Non-vote 191,966,561 93.96 % 12,334,085 6.03 % 235,771 14,704,463 Third Amendment to the Omnibus Incentive Plan The results of the vote on the Third Amendment to the Omnibus Incentive Plan were as follows: Ratify PricewaterhouseCoopers LLP as Independent Auditors The results for the ratification of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company's independent auditors were as follows: Further information on Ovintiv Inc. is available on the Company's website, or by contacting: SOURCE Ovintiv Inc.
Yahoo
26-03-2025
- Business
- Yahoo
Ovintiv to Host its First Quarter 2025 Results Conference Call and Webcast on May 7, 2025
DENVER, March 26, 2025 /CNW/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today announced plans to hold its first quarter 2025 results conference call at 8:00 a.m. MT, on Wednesday May 7th, 2025. The Company plans to release its financial and operating results after market close, Tuesday May 6, 2025. In addition to the release, supplemental slides and financial statements will be available on the Company's website, located at To join the conference call without operator assistance, you may register and enter your phone number at to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial 888-510-2154 (toll-free in North America) or 437-900-0527 (international) approximately 15 minutes prior to the call. The live audio webcast of the event, including slides, also will be available on Ovintiv's website, under Investors/Presentations and Events, and will be archived for approximately 90 days. Further information on Ovintiv Inc. is available at or by contacting: Investor contact: (888) Media contact: (403) 645-2252 View original content to download multimedia: SOURCE Ovintiv Inc. View original content to download multimedia:
Yahoo
09-03-2025
- Business
- Yahoo
Be Sure To Check Out Ovintiv Inc. (NYSE:OVV) Before It Goes Ex-Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Ovintiv Inc. (NYSE:OVV) is about to go ex-dividend in just four days. Typically, the ex-dividend date is one business day before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company's books on the record date. Thus, you can purchase Ovintiv's shares before the 14th of March in order to receive the dividend, which the company will pay on the 31st of March. The company's next dividend payment will be US$0.30 per share. Last year, in total, the company distributed US$1.20 to shareholders. Calculating the last year's worth of payments shows that Ovintiv has a trailing yield of 3.1% on the current share price of US$38.55. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Ovintiv can afford its dividend, and if the dividend could grow. Check out our latest analysis for Ovintiv Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. That's why it's good to see Ovintiv paying out a modest 28% of its earnings. A useful secondary check can be to evaluate whether Ovintiv generated enough free cash flow to afford its dividend. It distributed 26% of its free cash flow as dividends, a comfortable payout level for most companies. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings fall far enough, the company could be forced to cut its dividend. That's why it's comforting to see Ovintiv's earnings have been skyrocketing, up 37% per annum for the past five years. Earnings per share have been growing very quickly, and the company is paying out a relatively low percentage of its profit and cash flow. Companies with growing earnings and low payout ratios are often the best long-term dividend stocks, as the company can both grow its earnings and increase the percentage of earnings that it pays out, essentially multiplying the dividend. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Ovintiv has seen its dividend decline 1.5% per annum on average over the past 10 years, which is not great to see. From a dividend perspective, should investors buy or avoid Ovintiv? Ovintiv has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. It's a promising combination that should mark this company worthy of closer attention. So while Ovintiv looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. In terms of investment risks, we've identified 4 warning signs with Ovintiv and understanding them should be part of your investment process. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
