Research Analysts Issue Forecasts for Ovintiv Q1 Earnings

Ovintiv Inc. (TSE:OVV) – Stock analysts at Capital One Financial boosted their Q1 2025 earnings per share (EPS) estimates for shares of Ovintiv in a report released on Monday, February 3rd. Capital One Financial analyst P. Johnston now expects that the company will post earnings per share of $2.04 for the quarter, up from their prior forecast of $1.87. The consensus estimate for Ovintiv’s current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv’s FY2025 earnings at $9.15 EPS.

Ovintiv (TSE:OVV) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.49 by C$1.03. Ovintiv had a return on equity of 19.75% and a net margin of 18.84%. During the same period in the prior year, the firm earned $2.33 earnings per share.

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

Ovintiv Stock Down 2.4 %

Ovintiv stock opened at C$60.61 on Thursday. The business has a 50 day simple moving average of C$60.57 and a 200-day simple moving average of C$59.01. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63. The stock has a market capitalization of C$15.98 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51.

Ovintiv Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.406 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.62 annualized dividend and a dividend yield of 2.68%. Ovintiv’s dividend payout ratio (DPR) is 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.