Ovintiv (OVV) Completes Portfolio Transformation and Announces Strategic Debt Reduction Plan [Yahoo! Finance]
Ovintiv Inc. (DE) (OVV)
Last ovintiv inc. (de) earnings: 2/19 08:54 pm
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Source: Yahoo! Finance
Ovintiv Inc. (NYSE: OVV ) is one of the cheap energy stocks to buy right now . On February 23, Ovintiv officially completed its multi-year portfolio transformation, narrowing its focus to the Permian and Montney basins following the acquisition of NuVista and the strategic sale of its Anadarko assets. The Anadarko sale, expected to yield $3 billion in cash proceeds, will be used to slash net debt to approximately $3.6 billion and clear out all long-term debt maturities until 2030. Under a newly authorized $3 billion repurchase program, Ovintiv plans to return at least 75% of its 2026 free cash flow to shareholders through dividends and buybacks. Management believes the stock is significantly undervalued and intends to use a flexible return framework (ranging from 50% to 100% of free cash flow) to capitalize on market cycles. For 2026, the company is moving into a maintenance mode, targeting total production of 620,000 to 645,000 BOE/d with a capital budget of ~$2.3 billion. Opera
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News
- Assessing Ovintiv (OVV) Valuation After Recent Share Price Momentum [Yahoo! Finance]Yahoo! Finance
- Ovintiv (OVV) had its price target raised by UBS Group AG from $58.00 to $61.00. They now have a "buy" rating on the stock.MarketBeat
- Ovintiv moved to Overweight at JPM with shares trading below Permian, Montney peers [Seeking Alpha]Seeking Alpha
- Ovintiv (OVV) had its price target raised by National Bank Financial from $56.00 to $58.00. They now have an "outperform" rating on the stock.MarketBeat
- Ovintiv (OVV) had its price target raised by Barclays PLC from $55.00 to $58.00. They now have an "overweight" rating on the stock.MarketBeat
OVV
Earnings
- 2/23/26 - Beat
OVV
Sec Filings
- 2/26/26 - Form S-8
- 2/24/26 - Form 3
- 2/23/26 - Form 10-K
- OVV's page on the SEC website