Analysts Offer Predictions for Ovintiv FY2025 Earnings

Ovintiv Inc. (NYSE:OVV) – Analysts at Capital One Financial raised their FY2025 EPS estimates for Ovintiv in a note issued to investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $6.99 per share for the year, up from their previous estimate of $6.27. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv’s FY2026 earnings at $8.14 EPS.

Other equities research analysts also recently issued reports about the stock. Williams Trading set a $58.00 price objective on shares of Ovintiv in a research note on Wednesday, March 5th. National Bankshares boosted their target price on shares of Ovintiv from $51.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Scotiabank boosted their target price on shares of Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a research report on Monday, November 18th. Citigroup decreased their target price on shares of Ovintiv from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Finally, Truist Financial boosted their target price on shares of Ovintiv from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.94.

Ovintiv Trading Up 3.0 %

NYSE:OVV opened at $38.96 on Monday. Ovintiv has a 12 month low of $36.62 and a 12 month high of $55.95. The firm has a fifty day simple moving average of $42.97 and a 200-day simple moving average of $41.91. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $10.14 billion, a P/E ratio of 5.17 and a beta of 2.55.

Institutional Trading of Ovintiv

Several large investors have recently bought and sold shares of OVV. US Bancorp DE grew its stake in Ovintiv by 13.9% during the 3rd quarter. US Bancorp DE now owns 9,890 shares of the company’s stock valued at $379,000 after acquiring an additional 1,209 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Ovintiv by 7.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,959 shares of the company’s stock valued at $1,148,000 after acquiring an additional 2,051 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Ovintiv by 13.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 98,804 shares of the company’s stock valued at $3,785,000 after acquiring an additional 11,939 shares in the last quarter. Summit Global Investments grew its stake in Ovintiv by 13.1% during the 3rd quarter. Summit Global Investments now owns 19,627 shares of the company’s stock valued at $752,000 after acquiring an additional 2,268 shares in the last quarter. Finally, Covestor Ltd grew its stake in Ovintiv by 43.9% during the 3rd quarter. Covestor Ltd now owns 1,835 shares of the company’s stock valued at $70,000 after acquiring an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.08%. Ovintiv’s dividend payout ratio is presently 28.57%.

Ovintiv Company Profile

Ovintiv Inc, together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta.