Ovintiv Inc. (NYSE:OVV) receives an upgrade from BMO Capital to “Outperform” and a price target of $57 from Morgan Stanley, indicating a positive outlook.
The company showcases strong financial metrics with an asset turnover ratio of approximately 0.48 and an operating profit margin of about 18.1%.
Ovintiv reported revenue of $2.188 billion and a gross profit of $1.187 billion in the most recent quarter, highlighting its operational efficiency and profitability.
Ovintiv Inc. (NYSE: OVV) is a prominent player in the oil and gas industry, focusing on the exploration and production of natural resources. The company is set to host its first quarter 2025 results conference call on May 7, 2025, at 8:00 a.m. MT. The financial and operating results will be released after the market closes on May 6, 2025. Investors can access supplemental slides and financial statements on Ovintiv’s website.
Recently, Ovintiv received a positive outlook from BMO Capital, which upgraded the stock to “Outperform” on March 24, 2025, when the stock price was $43.01. This upgrade suggests confidence in Ovintiv’s future performance. Furthermore, Morgan Stanley set a price target of $57 for OVV on March 26, 2025, when the stock was priced at $44.59. This target indicates a potential price increase of approximately 27.85%.
Ovintiv’s financial metrics reveal its operational efficiency. The company has an asset turnover ratio of approximately 0.48, showing its ability to use assets to generate revenue. The operating profit margin is about 18.1%, indicating that a significant portion of revenue is converted into operating profit. In the most recent quarter, Ovintiv reported revenue of $2.188 billion, with a cost of revenue of $1.001 billion.
The company’s operating expenses for the same period were $1.185 billion, resulting in a gross profit of $1.187 billion. This demonstrates Ovintiv’s ability to manage costs effectively while maintaining profitability. Additionally, the net value of Ovintiv’s property, plant, and equipment stands at $15.152 billion, highlighting the company’s substantial asset base.
