Ovintiv FY2025 EPS Forecast Boosted by Capital One Financial

Ovintiv Inc. (NYSE:OVV) – Analysts at Capital One Financial increased their FY2025 earnings per share estimates for Ovintiv in a research report issued to clients and investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $6.99 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.

Several other brokerages have also recently issued reports on OVV. Scotiabank boosted their price objective on shares of Ovintiv from $50.00 to $53.00 and gave the company a “sector outperform” rating in a research note on Monday, November 18th. Bank of America upgraded shares of Ovintiv from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $55.00 to $54.00 in a report on Monday, January 13th. Barclays boosted their target price on shares of Ovintiv from $57.00 to $59.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. 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 report on Monday, December 16th. Finally, National Bankshares upped their target price on shares of Ovintiv from $51.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ovintiv currently has a consensus rating of “Moderate Buy” and an average price target of $56.88.

Ovintiv Price Performance

OVV stock opened at $38.55 on Monday. 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 firm has a 50 day moving average of $43.04 and a 200-day moving average of $41.97. Ovintiv has a 12-month low of $36.62 and a 12-month high of $55.95. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 5.11 and a beta of 2.55.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, March 14th. Ovintiv’s dividend payout ratio (DPR) is presently 28.57%.

Hedge Funds Weigh In On Ovintiv

A number of institutional investors have recently modified their holdings of OVV. US Bancorp DE raised its position in shares of Ovintiv by 13.9% in the third quarter. US Bancorp DE now owns 9,890 shares of the company’s stock valued at $379,000 after purchasing an additional 1,209 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Ovintiv by 7.3% in the third quarter. Janney Montgomery Scott LLC now owns 29,959 shares of the company’s stock valued at $1,148,000 after purchasing an additional 2,051 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Ovintiv by 13.7% in the third quarter. Asset Management One Co. Ltd. now owns 98,804 shares of the company’s stock valued at $3,785,000 after purchasing an additional 11,939 shares during the period. Summit Global Investments increased its position in Ovintiv by 13.1% during the third quarter. Summit Global Investments now owns 19,627 shares of the company’s stock worth $752,000 after acquiring an additional 2,268 shares during the period. Finally, Covestor Ltd increased its position in Ovintiv by 43.9% during the third quarter. Covestor Ltd now owns 1,835 shares of the company’s stock worth $70,000 after acquiring an additional 560 shares during the period. Institutional investors own 83.81% of the company’s stock.

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.