Capital One Financial Lifts Earnings Estimates for Ovintiv

Ovintiv Inc. (TSE:OVV - Free Report) - Capital One Financial lifted their FY2024 earnings estimates for Ovintiv in a research note issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now expects that the company will earn $7.93 per share for the year, up from their previous forecast of $7.69. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv's Q4 2024 earnings at $1.44 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.20 EPS, Q3 2025 earnings at $2.33 EPS, Q4 2025 earnings at $2.42 EPS, FY2025 earnings at $8.99 EPS and FY2026 earnings at $10.05 EPS.

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

Ovintiv Price Performance

OVV traded up C$1.22 on Monday, hitting C$64.17. 262,232 shares of the stock were exchanged, compared to its average volume of 152,895. Ovintiv has a 12 month low of C$49.74 and a 12 month high of C$76.63. The business has a 50-day moving average of C$59.68 and a two-hundred day moving average of C$59.07. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51. The firm has a market capitalization of C$16.92 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.406 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.53%. Ovintiv's dividend payout ratio (DPR) 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.