Q1 EPS Estimates for Ovintiv Lifted by Capital One Financial

Ovintiv Inc. (NYSE:OVV) – Investment analysts at Capital One Financial raised their Q1 2025 EPS estimates for Ovintiv in a report issued on Monday, February 3rd. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.30. The consensus estimate for Ovintiv’s current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv’s FY2025 earnings at $6.27 EPS.

Ovintiv (NYSE:OVV) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.76. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. Ovintiv had a net margin of 20.15% and a return on equity of 17.87%. During the same period last year, the company posted $1.74 earnings per share.

Several other research firms also recently commented on OVV. Mizuho lowered their price objective on shares of Ovintiv from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. National Bankshares raised their target price on shares of Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Truist Financial raised their target price on shares of Ovintiv from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Barclays raised their target price on shares of Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Bank of America raised shares of Ovintiv from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $55.00 to $54.00 in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.88.

Ovintiv Stock Performance

Shares of OVV stock opened at $42.29 on Thursday. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 5.61 and a beta of 2.60. The company’s 50 day moving average is $42.29 and its 200 day moving average is $42.17. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46. Ovintiv has a 52-week low of $36.90 and a 52-week high of $55.95.

Institutional Trading of Ovintiv

Several hedge funds have recently made changes to their positions in OVV. True Wealth Design LLC boosted its position in shares of Ovintiv by 3,180.0% during the 3rd quarter. True Wealth Design LLC now owns 656 shares of the company’s stock worth $25,000 after purchasing an additional 636 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Ovintiv by 100.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Ovintiv by 71.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 805 shares of the company’s stock worth $32,000 after purchasing an additional 335 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Ovintiv by 3,571.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,028 shares of the company’s stock worth $42,000 after purchasing an additional 1,000 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Ovintiv by 27.7% during the 3rd quarter. UMB Bank n.a. now owns 1,317 shares of the company’s stock worth $50,000 after buying an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

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.