Ovintiv Inc reports results for the quarter ended December 31 - Earnings Summary

• Ovintiv Inc OVV.N reported quarterly adjusted earnings of $1.35​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.35. The mean expectation of eighteen analysts for the quarter was for earnings of $1.16 per share. Wall Street expected results to range from 95 cents to $1.35 per share.

• Revenue fell 30.9% to $2.19 billion from a year ago; analysts expected $2.14 billion.

• Ovintiv Inc's reported EPS for the quarter was a loss of 23 cents​.

• The company reported a quarterly loss of $60 million.

• Ovintiv Inc shares had risen by 4.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Ovintiv Inc is $59.00

This summary was machine generated from LSEG data February 27 at 12:17 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)