Capital One Financial Boosts Earnings Estimates for Ovintiv

Ovintiv Inc. (TSE:OVV - Free Report) - Capital One Financial raised their Q1 2025 EPS estimates for Ovintiv in a report issued 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 estimate 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.

Separately, Siebert Williams Shank upgraded 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 a consensus target price of C$58.50.

Ovintiv Price Performance

TSE OVV traded up C$0.64 on Thursday, hitting C$61.25. 89,137 shares of the company's stock were exchanged, compared to its average volume of 140,910. The stock has a 50-day moving average of C$60.50 and a 200-day moving average of C$58.97. The stock has a market cap of C$16.15 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 0.05 and a beta of 2.63. 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 52 week low of C$49.74 and a 52 week high of C$76.63.

Ovintiv (TSE:OVV - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$2.52 EPS for the quarter, topping 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 quarter last year, the firm posted $2.33 EPS.

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 given a $0.406 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.62 annualized dividend and a dividend yield of 2.65%. Ovintiv's dividend payout ratio is 16.58%.

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.