Ovintiv (OVV) Set to Announce Earnings on Thursday

Ovintiv (NYSE:OVV) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Ovintiv to post earnings of $1.10 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Ovintiv (NYSE:OVV) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.02. Ovintiv had a net margin of 18.56% and a return on equity of 18.28%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, analysts expect Ovintiv to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ovintiv Stock Performance

NYSE:OVV opened at $39.28 on Thursday. Ovintiv has a 12-month low of $36.90 and a 12-month high of $55.95. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $10.35 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 7.81 and a beta of 2.61. The firm has a 50-day moving average price of $40.89 and a 200 day moving average price of $45.35.

Analyst Ratings Changes

Several research firms recently issued reports on OVV. Evercore ISI dropped their price target on shares of Ovintiv from $60.00 to $54.00 and set an “outperform” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada dropped their price target on shares of Ovintiv from $62.00 to $61.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Morgan Stanley dropped their price target on shares of Ovintiv from $53.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Truist Financial dropped their price target on shares of Ovintiv from $62.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Scotiabank raised their price objective on shares of Ovintiv from $58.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ovintiv currently has an average rating of “Moderate Buy” and an average price target of $57.00.

About Ovintiv

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.