Zacks Research Estimates Ovintiv’s FY2024 Earnings (TSE:OVV)

Ovintiv Inc. (TSE:OVV) – Equities researchers at Zacks Research increased their FY2024 earnings estimates for shares of Ovintiv in a report issued on Thursday, January 9th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $7.81 per share for the year, up from their previous forecast of $7.78. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv’s Q1 2025 earnings at $1.47 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.67 EPS, Q4 2025 earnings at $1.90 EPS, FY2025 earnings at $6.48 EPS, Q1 2026 earnings at $1.27 EPS, Q2 2026 earnings at $1.34 EPS, Q3 2026 earnings at $1.84 EPS, Q4 2026 earnings at $2.65 EPS and FY2026 earnings at $7.10 EPS.

Separately, Siebert Williams Shank raised Ovintiv to a “strong-buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$58.50.

Ovintiv Price Performance

Shares of Ovintiv stock opened at C$62.95 on Friday. The firm has a market cap of C$16.59 billion, a PE ratio of 6.44, a PEG ratio of 0.05 and a beta of 2.63. The stock has a 50 day moving average of C$59.51 and a 200 day moving average of C$59.06. The company has a current ratio of 0.44, a quick ratio of 0.51 and a debt-to-equity ratio of 67.70. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63.

Ovintiv Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.406 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.62 annualized dividend and a yield of 2.58%. Ovintiv’s dividend payout ratio is currently 16.58%.

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.