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 and are trading at $55.18 , down-from-52-week-high.
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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar