Investing.com - Ovintiv reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ovintiv announced earnings per share of $1.44 on revenue of $2.92B. Analysts polled by Investing.com anticipated EPS of $2.29 on revenue of $2.59B.
Ovintiv shares are down 16% from the beginning of the year , still down 12.83% from its 52 week high of $63.30 set on Wednesday, June 8, 2022.
Ovintiv follows other major Energy sector earnings this month
Ovintiv's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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