Ovintiv Inc. (OVV) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Ovintiv Inc. concluded 2023 with a robust financial standing, delivering net earnings of $2.1 billion and surpassing production targets across all products, resulting in a total average volume of 566 MBOE/d. The company also returned $733 million to shareholders and is set to increase capital efficiency in 2024 with a projected rise in oil and condensate volumes while spending less capital. The positive trend is anticipated to produce approximately $450 million more in free cash flow compared to the previous year.
For further insights into OVV stock, check out TipRanks’ Stock Analysis page.
