Capital One Financial Lifts Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV - Free Report) - Research analysts at Capital One Financial upped their Q1 2025 earnings per share estimates for Ovintiv in a research note issued on Wednesday, March 5th. Capital One Financial analyst P. Johnston now anticipates that the company will earn $1.53 per share for the quarter, up from their prior estimate of $1.40. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv's Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.83 EPS and Q4 2025 earnings at $1.93 EPS.

A number of other research analysts have also recently weighed in on OVV. Barclays boosted their price objective on Ovintiv from $57.00 to $59.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Mizuho dropped their price target 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. Scotiabank raised their price objective on shares of Ovintiv from $50.00 to $53.00 and gave the company a "sector outperform" rating in a research report on Monday, November 18th. Citigroup lowered their target price on shares of Ovintiv from $55.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Finally, National Bankshares increased their price target on Ovintiv from $51.00 to $56.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ovintiv has a consensus rating of "Moderate Buy" and an average price target of $56.94.

Remove Ads

Ovintiv Stock Performance

Shares of OVV stock traded up $1.12 on Friday, reaching $38.96. The stock had a trading volume of 4,210,070 shares, compared to its average volume of 2,843,208. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. Ovintiv has a 1 year low of $36.62 and a 1 year high of $55.95. The stock has a market cap of $10.14 billion, a P/E ratio of 5.17 and a beta of 2.55. The company has a 50 day simple moving average of $43.00 and a 200 day simple moving average of $41.94.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. True Wealth Design LLC raised its position in Ovintiv by 3,180.0% during the 3rd quarter. True Wealth Design LLC now owns 656 shares of the company's stock worth $25,000 after buying an additional 636 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Ovintiv in the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Ovintiv by 71.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 805 shares of the company's stock valued at $32,000 after purchasing an additional 335 shares during the period. Finally, Mizuho Bank Ltd. purchased a new stake in Ovintiv in the fourth quarter valued at $40,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Ovintiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.08%. Ovintiv's payout ratio is presently 28.57%.

About Ovintiv

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.