Equities Analysts Offer Predictions for Ovintiv Q1 Earnings

Ovintiv Inc. (NYSE:OVV - Free Report) - Investment analysts at Capital One Financial cut their Q1 2025 earnings per share estimates for Ovintiv in a research note issued on Tuesday, January 14th. Capital One Financial analyst P. Johnston now expects that the company will earn $1.30 per share for the quarter, down from their prior estimate of $1.40. The consensus estimate for Ovintiv's current full-year earnings is $5.47 per share. Capital One Financial also issued estimates for Ovintiv's FY2025 earnings at $6.16 EPS.

A number of other equities analysts also recently weighed in on the stock. Citigroup decreased their target price on shares of Ovintiv from $55.00 to $54.00 and set a "buy" rating for the company in a research note on Tuesday, November 26th. Truist Financial lifted their price objective on Ovintiv from $59.00 to $60.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company cut their target price on Ovintiv from $48.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Barclays lifted their price target on Ovintiv from $53.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, UBS Group cut their price objective on shares of Ovintiv from $59.00 to $56.00 and set a "buy" rating on the stock in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.81.

Ovintiv Stock Down 0.4 %

Shares of NYSE:OVV traded down $0.18 during midday trading on Friday, reaching $45.73. The company's stock had a trading volume of 2,538,582 shares, compared to its average volume of 2,744,653. Ovintiv has a 12-month low of $36.90 and a 12-month high of $55.95. The firm has a market capitalization of $11.90 billion, a P/E ratio of 6.06 and a beta of 2.63. The firm has a 50 day moving average of $42.38 and a 200-day moving average of $42.53. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OVV. True Wealth Design LLC lifted its stake in shares of Ovintiv by 3,180.0% in the 3rd quarter. True Wealth Design LLC now owns 656 shares of the company's stock worth $25,000 after purchasing an additional 636 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock valued at $29,000 after buying an additional 360 shares during the last quarter. UMB Bank n.a. increased its holdings in Ovintiv by 27.7% during the third quarter. UMB Bank n.a. now owns 1,317 shares of the company's stock valued at $50,000 after buying an additional 286 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new position in Ovintiv in the third quarter worth approximately $65,000. Finally, Covestor Ltd boosted its stake in shares of Ovintiv by 43.9% during the 3rd quarter. Covestor Ltd now owns 1,835 shares of the company's stock worth $70,000 after acquiring an additional 560 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Ovintiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, December 13th. Ovintiv's dividend payout ratio is 15.92%.

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.