Capital One Financial Raises Earnings Estimates for Ovintiv

Ovintiv Inc. (TSE:OVV - Free Report) - Equities research analysts at Capital One Financial upped their FY2025 EPS estimates for shares of Ovintiv in a research report issued on Wednesday, March 5th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $10.00 per share for the year, up from their prior estimate of $9.15. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv's FY2026 earnings at $11.64 EPS.

Ovintiv Trading Down 2.6 %

TSE OVV traded down C$1.48 on Monday, hitting C$55.65. 134,158 shares of the stock were exchanged, compared to its average volume of 161,013. The company has a debt-to-equity ratio of 63.59, a quick ratio of 0.51 and a current ratio of 0.52. Ovintiv has a 52-week low of C$49.74 and a 52-week high of C$76.63. The firm has a market capitalization of C$10.12 billion, a P/E ratio of 5.10, a P/E/G ratio of 0.05 and a beta of 2.63. The stock has a fifty day moving average price of C$61.67 and a two-hundred day moving average price of C$58.88.

Ovintiv Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.16%. Ovintiv's payout ratio is 14.85%.

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.

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