Capital One Financial Expects Reduced Earnings for Ovintiv

Ovintiv Inc. (TSE:OVV - Free Report) - Stock analysts at Capital One Financial reduced their Q1 2025 earnings estimates for Ovintiv in a research report issued on Tuesday, January 14th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.87 per share for the quarter, down from their prior estimate of $2.02. 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 $8.85 EPS.

Separately, Siebert Williams Shank raised Ovintiv to a "strong-buy" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$58.50.

Ovintiv Stock Up 0.1 %

OVV traded up C$0.09 during trading on Friday, reaching C$66.18. 186,496 shares of the stock traded hands, compared to its average volume of 160,625. The company has a debt-to-equity ratio of 67.70, a current ratio of 0.44 and a quick ratio of 0.51. Ovintiv has a fifty-two week low of C$49.74 and a fifty-two week high of C$76.63. The stock's 50-day simple moving average is C$60.18 and its two-hundred day simple moving average is C$59.10. The stock has a market cap of C$17.45 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 0.05 and a beta of 2.63.

Ovintiv Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Friday, December 13th. Ovintiv's payout ratio is 16.58%.

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.