Ovintiv: Q3 earnings snapshot. * STATS Perform dba Automated Insights * 34 mins ago DENVER (AP) - DENVER (AP) - Ovintiv Inc. (OVV) on Tuesday reported third-quarter net income of $549 million. On a per-share basis, the Denver-based company said it had profit of $1.99. Earnings, adjusted for non-recurring gains, were $1.94 per share. The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share. The energy company posted revenue of $2.6 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $2.32 billion.

Ovintiv misses Q3 profit estimates, tops on revenue. Ovintiv (OVV) earned $1.95 per share adjusted, below the $2.02 consensus estimate, while revenue of $2.60 billion topped the $2.47 billion estimate. By Yash Upadhyaya Key takeaways. * Ovintiv (OVV) reported third-quarter 2026 adjusted earnings of $1.95 per share, below the $2.02 consensus estimate, and revenue of $2.60 billion, above the $2.47 billion estimate. Net earnings were $549 million. The company maintained its full-year 2026 guidance and declared a dividend of 30 cents per share payable Dec. 31. Ovintiv (OVV) missed third-quarter profit estimates but beat revenue expectations, the company said in its results release on Nov. 3. Adjusted earnings were $1.95 per share, below the $2.02 consensus estimate. Revenue of $2.60 billion topped the $2.47 billion estimate. Ovintiv is an oil and gas producer with operations in the Permian and the Montney. Net earnings for the quarter were $549 million, or $1.99 per share diluted. Here's how the company did: * Adjusted EPS: $1.95 vs. $2.02 consensus estimate, up from $1.03 a year earlier * Revenue: $2.60 billion vs. $2.07 billion a year earlier * Net earnings: $549 million vs. $148 million a year earlier Non-GAAP Cash Flow was about $1.2 billion, and Non-GAAP Free Cash Flow was $680 million after capital expenditures of $563 million. Third-quarter production averaged 631 thousand barrels of oil equivalent per day. CEO Brendan McCracken said the company is "on track to achieve record annual free cash flow." Guidance and capital returns. Ovintiv maintained its full-year 2026 guidance, other than a modest increase to expected NGL volumes. Full-year production is expected to average 630 to 645 thousand barrels of oil equivalent per day, and capital investment is expected to total $2.25 billion to $2.35 billion. For the fourth quarter, the company expects production of 615 to 640 thousand barrels of oil equivalent per day. The guidance assumes a third-party midstream outage in the Montney lasts through the quarter. The company returned about $467 million to shareholders in the quarter, or about 69% of Non-GAAP Free Cash Flow. That included share buybacks of about $386 million. It expects full-year 2026 shareholder returns to exceed 60% of Non-GAAP Free Cash Flow. The board declared a quarterly dividend of 30 cents per share, payable Dec. 31 to holders of record on Dec. 15. Acquisitions and balance sheet. Ovintiv said it has agreed to acquire Logan Energy Corp. for C$1.40 per share in cash, a total transaction value of about $890 million, or C$1.26 billion including the assumption of net debt. In the quarter, the company completed acreage acquisitions totaling $457 million, adding about 120 net well locations in the Montney and about 120 in the Permian. Net debt was $3.4 billion as of Sept. 30, or 0.7 times Adjusted EBITDA. Total liquidity was about $3.8 billion.

Logan Energy Corp. (CVE:LGN) stock has consensus price target of C$1.47. October 27, 2026 Key points. * Analysts maintain a consensus "Buy" rating on Logan Energy, with two buys, two strong buys and one hold; the average 12-month price target is C$1.47. * Ovintiv Canada has agreed to acquire Logan Energy for C$1.40 per share in cash, alongside the planned spin-out of Logan Oil Corp., subject to shareholder and regulatory approvals. * Following the takeover announcement, Scotia and ATB Cormark downgraded the stock, citing limited upside and deal-completion risk. LGN recently traded at C$1.55, above the average analyst target and proposed cash consideration. * Is Logan Energy on your watchlist? MarketBeat All Access adds unlimited watchlist stocks and real-time alerts for $149 a year, a rate that never goes up while you are a member. Logan Energy Corp. (CVE:LGN - Get Free Report) has earned a consensus recommendation of "Buy" from the five ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$1.47. Several research firms recently commented on LGN. National Bank Financial set a C$1.75 price target on shares of Logan Energy and gave the company an "outperform" rating in a research report on Wednesday, September 30th. Scotia downgraded shares of Logan Energy from an "outperform" rating to a "sector perform" rating and set a C$1.60 price objective for the company. in a research report on Tuesday. ATB Cormark Capital Markets downgraded shares of Logan Energy from an "outperform" rating to a "tender" rating and set a C$1.50 price objective for the company. in a research report on Tuesday. Finally, Royal Bank Of Canada set a C$1.50 target price on shares of Logan Energy and gave the stock a "moderate buy" rating in a research note on Monday, August 10th. Key headlines impacting Logan Energy. Here are the key news stories impacting Logan Energy this week: * Ovintiv Canada ULC agreed to acquire Logan Energy under a definitive arrangement agreement. The transaction gives Logan shareholders a defined cash consideration and provides a takeover premium relative to the company's pre-announcement trading level. * The proposed transaction includes C$1.40 per share in cash and the spin-out of Logan Oil Corp., a new growth-oriented oil company. The structure gives investors both near-term cash value and potential exposure to a separate oil business, subject to shareholder and regulatory approvals. * Trading in LGN was halted after the transaction announcement, a standard step intended to allow investors to assess the proposed arrangement. The deal would expand Ovintiv's position in the Montney, while Ovintiv shares reportedly weakened modestly because of the acquisition cost and execution considerations. * ATB Cormark downgraded Logan from "outperform" to "tender" and assigned a C$1.50 target, slightly below the current market level. The rating reflects limited upside after the takeover announcement and the risk that the transaction does not close as expected. * Scotia also lowered its rating from "outperform" to "sector perform," setting a C$1.60 target. The downgrade signals that most of the takeover-related value may already be reflected in LGN's share price, leaving investors focused on deal completion and the final value of the spin-out. Logan Energy price performance. LGN stock traded up C$0.01 during trading on Tuesday, hitting C$1.55. 2,385,933 shares of the company traded hands, compared to its average volume of 829,800. The stock's 50-day simple moving average is C$1.20 and its 200 day simple moving average is C$0.97. The company has a market cap of C$1.07 billion, a PE ratio of 25.83 and a beta of -0.14. Logan Energy has a 1 year low of C$0.74 and a 1 year high of C$1.59. Logan Energy company profile. Logan Energy Corp. engages in the exploration, development and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Logan Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Logan Energy wasn't on the list. While Logan Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets. Continue following MarketBeat