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Initiation
Ovintiv assumed with a Neutral at Credit Suisse » 19:53
08/04/20
08/04
19:53
08/04/20
19:53
OVV

Ovintiv

$10.50 /

+0.605 (+6.11%)

Credit Suisse analyst…

Credit Suisse analyst William Janela assumed coverage of Ovintiv with a Neutral rating and $11 price target. The analyst made no changes to the firm's ratings, target prices or estimates in the Oil and Gas Exploration and Production sector.

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OVV Ovintiv
$10.50 /

+0.605 (+6.11%)

OVV Ovintiv
$10.50 /

+0.605 (+6.11%)

07/15/20 Wolfe Research
Ovintiv upgraded to Peer Perform from Underperform at Wolfe Research
06/29/20 BMO Capital
Ovintiv upgraded to Outperform from Market Perform at BMO Capital
06/19/20 Truist
Ovintiv price target raised to $12 from $7 at SunTrust
06/19/20 Mizuho
Ovintiv upgraded to Neutral from Underperform at Mizuho
OVV Ovintiv
$10.50 /

+0.605 (+6.11%)

OVV Ovintiv
$10.50 /

+0.605 (+6.11%)

OVV Ovintiv
$10.50 /

+0.605 (+6.11%)

OVV Ovintiv
$10.50 /

+0.605 (+6.11%)

Earnings
Ovintiv reports Q2 EPS ($16.87) » 19:08
07/28/20
07/28
19:08
07/28/20
19:08
OVV

Ovintiv

$10.76 /

-0.34 (-3.06%)

Reports Q2 production…

Reports Q2 production 536.6 MBOE/d vs 591.8 MBOE/d last year. "During a very challenging period, we took advantage of the tremendous flexibility we have built into our business and performed exceptionally well through the first half of 2020-maintaining a sharp focus on driving efficiencies in every part of the Company and positioning Ovintiv to thrive in 2020 and beyond," said Doug Suttles, Ovintiv President and CEO. "Our culture of innovation is allowing us to drive down drilling and completion costs, enhance margins through durable cost savings and strengthen our capital efficiency outlook. We are even more confident in our ability to deliver the 2021 scenario we discussed last quarter which maintains scale and our strong capital structure while generating free cash flow at modest commodity prices. We have a demonstrated track record of generating free cash flow-$52 million this quarter and about $290 million over the last four quarters. For the next six quarters, all excess cash flows will go towards reducing our debt."

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OVV Ovintiv
$10.76 /

-0.34 (-3.06%)

OVV Ovintiv
$10.76 /

-0.34 (-3.06%)

07/15/20 Wolfe Research
Ovintiv upgraded to Peer Perform from Underperform at Wolfe Research
06/29/20 BMO Capital
Ovintiv upgraded to Outperform from Market Perform at BMO Capital
06/19/20 Truist
Ovintiv price target raised to $12 from $7 at SunTrust
06/19/20 Mizuho
Ovintiv upgraded to Neutral from Underperform at Mizuho
OVV Ovintiv
$10.76 /

-0.34 (-3.06%)

OVV Ovintiv
$10.76 /

-0.34 (-3.06%)

OVV Ovintiv
$10.76 /

-0.34 (-3.06%)

OVV Ovintiv
$10.76 /

-0.34 (-3.06%)

Options
Ovintiv put volume heavy and directionally bearish » 10:55
07/21/20
07/21
10:55
07/21/20
10:55
OVV

Ovintiv

$10.63 /

+0.7 (+7.05%)

Bearish flow noted in…

Bearish flow noted in Ovintiv with 1,972 puts trading, or 2x expected. Most active are Aug-20 8 puts and Aug-20 11 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 6.36, while ATM IV is up nearly 2 points on the day. Earnings are expected on July 28th.

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OVV Ovintiv
$10.63 /

+0.7 (+7.05%)

OVV Ovintiv
$10.63 /

+0.7 (+7.05%)

07/15/20 Wolfe Research
Ovintiv upgraded to Peer Perform from Underperform at Wolfe Research
06/29/20 BMO Capital
Ovintiv upgraded to Outperform from Market Perform at BMO Capital
06/19/20 Truist
Ovintiv price target raised to $12 from $7 at SunTrust
06/19/20 Mizuho
Ovintiv upgraded to Neutral from Underperform at Mizuho
OVV Ovintiv
$10.63 /

+0.7 (+7.05%)

OVV Ovintiv
$10.63 /

+0.7 (+7.05%)

OVV Ovintiv
$10.63 /

+0.7 (+7.05%)

OVV Ovintiv
$10.63 /

+0.7 (+7.05%)

Upgrade
Ovintiv upgraded to Peer Perform from Underperform at Wolfe Research » 09:30
07/15/20
07/15
09:30
07/15/20
09:30
OVV

Ovintiv

$9.91 /

+0.51 (+5.43%)

Wolfe Research analyst…

Wolfe Research analyst Josh Silverstein upgraded Ovintiv to Peer Perform from Underperform with a price target of $11.50, up from $6.50.

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OVV Ovintiv
$9.91 /

+0.51 (+5.43%)

OVV Ovintiv
$9.91 /

+0.51 (+5.43%)

06/29/20 BMO Capital
Ovintiv upgraded to Outperform from Market Perform at BMO Capital
06/19/20 Truist
Ovintiv price target raised to $12 from $7 at SunTrust
06/19/20 Mizuho
Ovintiv upgraded to Neutral from Underperform at Mizuho
05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
OVV Ovintiv
$9.91 /

+0.51 (+5.43%)

OVV Ovintiv
$9.91 /

+0.51 (+5.43%)

OVV Ovintiv
$9.91 /

+0.51 (+5.43%)

OVV Ovintiv
$9.91 /

+0.51 (+5.43%)

Over a month ago
Upgrade
Ovintiv upgraded to Outperform from Market Perform at BMO Capital » 07:57
06/29/20
06/29
07:57
06/29/20
07:57
OVV

Ovintiv

$8.84 /

-1.1 (-11.07%)

BMO Capital analyst…

BMO Capital analyst Philip Jungwirth assumed coverage and upgraded Ovintiv to Outperform from Market Perform with a price target of $13, up from $6.50. The valuation on the stock is "compelling" and while shares have recovered from the bottom, they still lag on year-to-date basis, the analyst tells investors in a research note. Jungwirth further cites Ovintiv's improving cost structure and capital efficiency that he believes are not yet fully discounted, adding that the company is also well-hedged for 2020.

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OVV Ovintiv
$8.84 /

-1.1 (-11.07%)

OVV Ovintiv
$8.84 /

-1.1 (-11.07%)

06/19/20 Truist
Ovintiv price target raised to $12 from $7 at SunTrust
06/19/20 Mizuho
Ovintiv upgraded to Neutral from Underperform at Mizuho
05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
05/14/20 BofA
Callon Petroleum cut to Underperform, Ovintiv raised to Buy at BofA
OVV Ovintiv
$8.84 /

-1.1 (-11.07%)

OVV Ovintiv
$8.84 /

-1.1 (-11.07%)

OVV Ovintiv
$8.84 /

-1.1 (-11.07%)

OVV Ovintiv
$8.84 /

-1.1 (-11.07%)

Recommendations
Ovintiv price target raised to $12 from $7 at SunTrust » 08:21
06/19/20
06/19
08:21
06/19/20
08:21
OVV

Ovintiv

$10.75 /

+0.79 (+7.93%)

SunTrust analyst Neal…

SunTrust analyst Neal Dingmann raised the firm's price target on Ovintiv to $12 from $7 and keeps a Hold rating on the shares. The company has done a "solid job" since its Newfield acquisition of positioning for the coming quarters, the analyst tells investors in a research note, and investors have "appreciated" these efforts by boosting the stock price by nearly 350% since early March. Dingmann adds however that while Ovintiv has the liquidity necessary to address 2021/2022 maturities and continue its operational plans, he is concerned with its above-peer leverage and a production profile that he estimates to continue declining in the coming quarters.

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OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

06/19/20 Mizuho
Ovintiv upgraded to Neutral from Underperform at Mizuho
05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
05/14/20 BofA
Callon Petroleum cut to Underperform, Ovintiv raised to Buy at BofA
05/14/20 BofA
Ovintiv upgraded to Buy from Neutral at BofA
OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

Upgrade
Ovintiv upgraded to Neutral from Underperform at Mizuho » 07:08
06/19/20
06/19
07:08
06/19/20
07:08
OVV

Ovintiv

$10.75 /

+0.79 (+7.93%)

Mizuho analyst Vincent…

Mizuho analyst Vincent Lovaglio upgraded Ovintiv to Neutral from Underperform with a price target of $12, up from $5. The analyst believes the oil price strip has found a floor through 2021 at $40 per barrel. As such, Ovintiv's high leverage is less of a concern, and its maintenance capital and free cash goals seem achievable, Lovaglio tells investors in a research note.

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OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
05/14/20 BofA
Callon Petroleum cut to Underperform, Ovintiv raised to Buy at BofA
05/14/20 BofA
Ovintiv upgraded to Buy from Neutral at BofA
04/28/20 Eight Capital
Ovintiv downgraded to Sell from Neutral at Eight Capital
OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

Periodicals
Ovintiv has cut workforce by 25% this month, Bloomberg says  18:11
06/18/20
06/18
18:11
06/18/20
18:11
OVV

Ovintiv

$10.75 /

+0.79 (+7.93%)

 
ShowHide Related Items >><<
OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
05/14/20 BofA
Callon Petroleum cut to Underperform, Ovintiv raised to Buy at BofA
05/14/20 BofA
Ovintiv upgraded to Buy from Neutral at BofA
04/28/20 Eight Capital
Ovintiv downgraded to Sell from Neutral at Eight Capital
OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

OVV Ovintiv
$10.75 /

+0.79 (+7.93%)

Options
Largest borrow rate increases among liquid names » 08:45
06/05/20
06/05
08:45
06/05/20
08:45
GNC

GNC Holdings

$0.69 /

-0.0281 (-3.93%)

, CGC

Canopy Growth

$16.63 /

+0.06 (+0.36%)

, MAC

Macerich

$9.36 /

+0.78 (+9.09%)

, FRO

Frontline

$7.95 /

-0.045 (-0.56%)

, MITT

AG Mortgage

$2.78 /

+0.255 (+10.12%)

, OVV

Ovintiv

$8.81 /

+0.02 (+0.23%)

, ASHR

X-trackers Harvest CSI 300

$28.10 /

-0.27 (-0.95%)

, TZA

Small Cap Bear 3x

$22.53 /

+0.06 (+0.27%)

, CRC

California Resources

$1.49 /

+0.145 (+10.78%)

, KL

Kirkland Lake Gold

$37.75 /

+0.66 (+1.78%)

Latest data shows the…

Latest data shows the largest indicative borrow rate increases among liquid option names include: GNC Holdings (GNC) 98.25% +4.34, Canopy Growth (CGC) 66.40% +1.43, Macerich (MAC) 2.71% +0.59, Frontline (FRO) 2.84% +0.53, AG Mortgage (MITT) 99.26% +0.49, Ovintiv (OVV) 3.63% +0.35, db X trackers China (ASHR) 16.39% +0.32, Direxion Daily Small Cap Bear 3X Shares (TZA) 5.80% +0.29, California Resources (CRC) 115.69% +0.23, and Kirkland Lake Gold (KL) 0.51% +0.21.

ShowHide Related Items >><<
TZA Small Cap Bear 3x
$22.53 /

+0.06 (+0.27%)

OVV Ovintiv
$8.81 /

+0.02 (+0.23%)

MITT AG Mortgage
$2.78 /

+0.255 (+10.12%)

MAC Macerich
$9.36 /

+0.78 (+9.09%)

KL Kirkland Lake Gold
$37.75 /

+0.66 (+1.78%)

GNC GNC Holdings
$0.69 /

-0.0281 (-3.93%)

FRO Frontline
$7.95 /

-0.045 (-0.56%)

CRC California Resources
$1.49 /

+0.145 (+10.78%)

CGC Canopy Growth
$16.63 /

+0.06 (+0.36%)

GNC GNC Holdings
$0.69 /

-0.0281 (-3.93%)

03/17/20 Jefferies
Jefferies cuts GNC Holdings to Underperform on risk from closures and debt
03/17/20 Jefferies
GNC Holdings downgraded to Underperform from Hold at Jefferies
06/17/19
Fly Intel: Top five analyst initiations
06/17/19 Jefferies
GNC Holdings initiated with a Hold at Jefferies
CGC Canopy Growth
$16.63 /

+0.06 (+0.36%)

06/01/20 Canaccord
Canopy Growth price target lowered to C$21 from C$23 at Canaccord
06/01/20 Scotiabank
Canopy Growth price target lowered to C$28 from C$33 at Scotiabank
06/01/20 Ladenburg
Canopy Growth downgraded to Neutral from Buy at Ladenburg
06/01/20
Fly Intel: Top five analyst downgrades
MAC Macerich
$9.36 /

+0.78 (+9.09%)

06/04/20 Compass Point
Compass Point starts Macerich with Neutral, $9 price target
06/04/20 Compass Point
Macerich initiated with a Neutral at Compass Point
05/29/20 RBC Capital
Macerich price target lowered to $10 from $34 at RBC Capital
05/14/20 Evercore ISI
Macerich downgraded to In Line from Outperform at Evercore ISI
FRO Frontline
$7.95 /

-0.045 (-0.56%)

06/04/20 Pareto
Frontline downgraded to Hold from Buy at Pareto
06/02/20 Fearnley
Frontline downgraded to Sell from Buy at Fearnley
05/28/20 DNB Markets
Frontline upgraded to Buy from Hold at DNB Markets
05/04/20 Evercore ISI
Frontline downgraded to In Line from Outperform at Evercore ISI
MITT AG Mortgage
$2.78 /

+0.255 (+10.12%)

05/26/20 Credit Suisse
AG Mortgage downgraded to Underperform from Neutral at Credit Suisse
OVV Ovintiv
$8.81 /

+0.02 (+0.23%)

05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
05/14/20 BofA
Callon Petroleum cut to Underperform, Ovintiv raised to Buy at BofA
05/14/20 BofA
Ovintiv upgraded to Buy from Neutral at BofA
04/28/20 Eight Capital
Ovintiv downgraded to Sell from Neutral at Eight Capital
ASHR X-trackers Harvest CSI 300
$28.10 /

-0.27 (-0.95%)

TZA Small Cap Bear 3x
$22.53 /

+0.06 (+0.27%)

CRC California Resources
$1.49 /

+0.145 (+10.78%)

03/25/20 Imperial Capital
California Resources downgraded to In-Line from Outperform at Imperial Capital
03/17/20 Raymond James
California Resources downgraded to Market Perform from Outperform at Raymond James
03/17/20 Raymond James
California Resources downgraded to Market Perform from Outperform at Raymond James
03/09/20 BofA
California Resources downgraded to Underperform from Neutral at BofA
KL Kirkland Lake Gold
$37.75 /

+0.66 (+1.78%)

05/29/20 BMO Capital
Kirkland Lake Gold upgraded to Outperform from Market Perform at BMO Capital
05/22/20 National Bank
Kirkland Lake downgraded to Sector Perform from Outperform at National Bank
04/07/20 BofA
Kirkland Lake Gold initiated with a Buy at BofA
04/02/20 RBC Capital
RBC Capital maintains Outperform on Kirkland Lake Gold
OVV Ovintiv
$8.81 /

+0.02 (+0.23%)

MITT AG Mortgage
$2.78 /

+0.255 (+10.12%)

MAC Macerich
$9.36 /

+0.78 (+9.09%)

KL Kirkland Lake Gold
$37.75 /

+0.66 (+1.78%)

GNC GNC Holdings
$0.69 /

-0.0281 (-3.93%)

FRO Frontline
$7.95 /

-0.045 (-0.56%)

CRC California Resources
$1.49 /

+0.145 (+10.78%)

CGC Canopy Growth
$16.63 /

+0.06 (+0.36%)

MAC Macerich
$9.36 /

+0.78 (+9.09%)

KL Kirkland Lake Gold
$37.75 /

+0.66 (+1.78%)

CRC California Resources
$1.49 /

+0.145 (+10.78%)

CGC Canopy Growth
$16.63 /

+0.06 (+0.36%)

OVV Ovintiv
$8.81 /

+0.02 (+0.23%)

MITT AG Mortgage
$2.78 /

+0.255 (+10.12%)

FRO Frontline
$7.95 /

-0.045 (-0.56%)

CRC California Resources
$1.49 /

+0.145 (+10.78%)

CGC Canopy Growth
$16.63 /

+0.06 (+0.36%)

MAC Macerich
$9.36 /

+0.78 (+9.09%)

TZA Small Cap Bear 3x
$22.53 /

+0.06 (+0.27%)

OVV Ovintiv
$8.81 /

+0.02 (+0.23%)

MITT AG Mortgage
$2.78 /

+0.255 (+10.12%)

MAC Macerich
$9.36 /

+0.78 (+9.09%)

KL Kirkland Lake Gold
$37.75 /

+0.66 (+1.78%)

GNC GNC Holdings
$0.69 /

-0.0281 (-3.93%)

FRO Frontline
$7.95 /

-0.045 (-0.56%)

CRC California Resources
$1.49 /

+0.145 (+10.78%)

CGC Canopy Growth
$16.63 /

+0.06 (+0.36%)

ASHR X-trackers Harvest CSI 300
$28.10 /

-0.27 (-0.95%)

Options
Ovintiv call volume above normal and directionally bullish » 14:45
06/03/20
06/03
14:45
06/03/20
14:45
OVV

Ovintiv

$8.98 /

+0.01 (+0.11%)

Bullish option flow…

Bullish option flow detected in Ovintiv with 1,857 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 109.12%. Jun-20 9 calls and Jun-20 10 calls are the most active options, with total volume in those strikes near 680 contracts. The Put/Call Ratio is 0.26. Earnings are expected on July 30th.

ShowHide Related Items >><<
OVV Ovintiv
$8.98 /

+0.01 (+0.11%)

OVV Ovintiv
$8.98 /

+0.01 (+0.11%)

05/21/20 Mizuho
Ovintiv price target raised to $5 from $4 at Mizuho
05/14/20 BofA
Callon Petroleum cut to Underperform, Ovintiv raised to Buy at BofA
05/14/20 BofA
Ovintiv upgraded to Buy from Neutral at BofA
04/28/20 Eight Capital
Ovintiv downgraded to Sell from Neutral at Eight Capital
OVV Ovintiv
$8.98 /

+0.01 (+0.11%)

OVV Ovintiv
$8.98 /

+0.01 (+0.11%)

OVV Ovintiv
$8.98 /

+0.01 (+0.11%)

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