Capital One Financial Boosts Earnings Estimates for Ovintiv

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities research analysts at Capital One Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Ovintiv in a research note issued to investors on Wednesday, March 5th. Capital One Financial analyst P. Johnston now expects that the company will earn $6.99 per share for the year, up from their previous forecast of $6.27. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv's FY2026 earnings at $8.14 EPS.

OVV has been the topic of several other research reports. Citigroup cut their price target on Ovintiv from $55.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, November 26th. Scotiabank raised their target price 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. Barclays upped their price target on shares of Ovintiv from $57.00 to $59.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Mizuho cut their price objective on shares of Ovintiv from $63.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Finally, National Bankshares upped their target price on Ovintiv from $51.00 to $56.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ovintiv presently has a consensus rating of "Moderate Buy" and an average target price of $56.61.

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Ovintiv Trading Down 2.4 %

Shares of Ovintiv stock traded down $0.97 on Monday, hitting $38.78. 1,964,690 shares of the company traded hands, compared to its average volume of 2,842,929. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average price is $42.96 and its 200-day moving average price is $41.89. The company has a market cap of $10.10 billion, a PE ratio of 5.15 and a beta of 2.55. Ovintiv has a 52 week low of $36.62 and a 52 week high of $55.95.

Institutional Investors Weigh In On Ovintiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of Ovintiv by 16.0% in the third quarter. Franklin Resources Inc. now owns 270,968 shares of the company's stock worth $11,527,000 after acquiring an additional 37,341 shares during the period. Smead Capital Management Inc. raised its holdings in Ovintiv by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 6,303,203 shares of the company's stock worth $241,476,000 after purchasing an additional 212,535 shares during the period. Retirement Systems of Alabama boosted its position in Ovintiv by 4.4% during the third quarter. Retirement Systems of Alabama now owns 320,759 shares of the company's stock worth $12,288,000 after purchasing an additional 13,536 shares in the last quarter. Entropy Technologies LP increased its position in shares of Ovintiv by 319.9% in the third quarter. Entropy Technologies LP now owns 149,457 shares of the company's stock valued at $5,726,000 after buying an additional 113,866 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Ovintiv by 8.9% during the 3rd quarter. KBC Group NV now owns 333,207 shares of the company's stock worth $12,765,000 after buying an additional 27,338 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Ovintiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, March 14th. 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.