Capital One Financial Forecasts Higher Earnings for Ovintiv

Ovintiv Inc. (NYSE:OVV) – Research analysts at Capital One Financial raised their Q1 2025 earnings per share (EPS) estimates for shares of Ovintiv in a research report issued on Monday, November 18th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.02 per share for the quarter, up from their previous forecast of $0.99. The consensus estimate for Ovintiv’s current full-year earnings is $5.14 per share. Capital One Financial also issued estimates for Ovintiv’s Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $4.59 EPS.

Several other equities research analysts have also recently commented on OVV. Mizuho cut their price objective on shares of Ovintiv from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. UBS Group boosted their price target on Ovintiv from $57.00 to $59.00 and gave the company a “buy” rating in a report on Monday. Truist Financial increased their price objective on Ovintiv from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Siebert Williams Shank upgraded Ovintiv to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Barclays upped their price target on Ovintiv from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $56.71.

Ovintiv Stock Performance

Shares of OVV stock opened at $45.75 on Tuesday. The company has a market capitalization of $11.91 billion, a P/E ratio of 6.07 and a beta of 2.62. 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 company’s 50 day moving average price is $41.06 and its two-hundred day moving average price is $44.32.

Ovintiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.62%. Ovintiv’s payout ratio is 15.92%.

Hedge Funds Weigh In On Ovintiv

Institutional investors and hedge funds have recently modified their holdings of the stock. Drive Wealth Management LLC lifted its holdings in Ovintiv by 2.5% during the 3rd quarter. Drive Wealth Management LLC now owns 10,309 shares of the company’s stock worth $395,000 after purchasing an additional 251 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Ovintiv by 3.7% during the third quarter. CIBC Asset Management Inc now owns 7,937 shares of the company’s stock worth $304,000 after buying an additional 280 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Ovintiv by 27.7% during the third 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. Covestor Ltd boosted its position in shares of Ovintiv by 23.1% in the first quarter. Covestor Ltd now owns 1,559 shares of the company’s stock valued at $81,000 after acquiring an additional 293 shares during the period. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Ovintiv by 5.2% in the third quarter. OneDigital Investment Advisors LLC now owns 6,018 shares of the company’s stock valued at $231,000 after acquiring an additional 298 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.