Capital One Financial Reduces Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Investment analysts at Capital One Financial decreased their Q1 2025 earnings per share (EPS) estimates for shares of Ovintiv in a report issued on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $1.30 for the quarter, down from their previous forecast of $1.40. The consensus estimate for Ovintiv’s current full-year earnings is $5.47 per share. Capital One Financial also issued estimates for Ovintiv’s FY2025 earnings at $6.16 EPS.

Other research analysts have also recently issued reports about the stock. Mizuho lowered their target price on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Barclays upped their target price on Ovintiv from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Evercore ISI decreased their price target on Ovintiv from $60.00 to $54.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Scotiabank boosted their price target on Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company decreased their target price on shares of Ovintiv from $48.00 to $42.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.81.

Ovintiv Price Performance

NYSE:OVV opened at $45.73 on Friday. Ovintiv has a 52 week low of $36.90 and a 52 week high of $55.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The firm’s 50-day simple moving average is $42.38 and its 200 day simple moving average is $42.53. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of 6.06 and a beta of 2.63.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. Ovintiv’s dividend payout ratio (DPR) is presently 15.92%.

Hedge Funds Weigh In On Ovintiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in OVV. Hotchkis & Wiley Capital Management LLC grew its position in shares of Ovintiv by 17.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,212,561 shares of the company’s stock valued at $314,623,000 after buying an additional 1,207,610 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Ovintiv by 11,282.4% in the 3rd quarter. Pacer Advisors Inc. now owns 6,543,648 shares of the company’s stock valued at $250,687,000 after purchasing an additional 6,486,159 shares during the last quarter. Smead Capital Management Inc. increased its position in shares of Ovintiv by 3.5% during the third quarter. Smead Capital Management Inc. now owns 6,303,203 shares of the company’s stock worth $241,476,000 after buying an additional 212,535 shares during the period. Geode Capital Management LLC raised its stake in Ovintiv by 4.7% during the third quarter. Geode Capital Management LLC now owns 4,533,633 shares of the company’s stock worth $173,296,000 after buying an additional 205,409 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Ovintiv by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,844,632 shares of the company’s stock valued at $180,194,000 after buying an additional 142,296 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.