Q1 EPS Estimates for Ovintiv Lifted by Capital One Financial

Ovintiv Inc. (NYSE:OVV - Free Report) - Equities research analysts at Capital One Financial increased their Q1 2025 EPS estimates for shares of Ovintiv in a report released on Monday, November 18th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.02 per share for the quarter, up from their previous estimate of $0.99. The consensus estimate for Ovintiv's current full-year earnings is $5.14 per share. Capital One Financial also issued estimates for Ovintiv's Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $4.59 EPS.

A number of other research firms have also recently commented on OVV. Wells Fargo & Company decreased their target price on shares of Ovintiv from $51.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 1st. Siebert Williams Shank upgraded shares of Ovintiv to a "strong-buy" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of Ovintiv from $60.00 to $51.00 and set an "overweight" rating for the company in a research report on Thursday, September 12th. Truist Financial upped their target price on shares of Ovintiv from $57.00 to $59.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Morgan Stanley cut their price target on Ovintiv from $53.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Five investment 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. According to MarketBeat.com, Ovintiv currently has a consensus rating of "Moderate Buy" and an average price target of $56.71.

Ovintiv Trading Down 0.8 %

NYSE:OVV traded down $0.34 on Tuesday, reaching $44.62. The company's stock had a trading volume of 2,895,023 shares, compared to its average volume of 3,086,275. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 5.92 and a beta of 2.62. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.46. Ovintiv has a 12-month low of $36.90 and a 12-month high of $55.95. The stock has a 50 day moving average price of $40.92 and a 200 day moving average price of $44.31.

Ovintiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.30 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.69%. Ovintiv's dividend payout ratio (DPR) is 15.92%.

Hedge Funds Weigh In On Ovintiv

A number of large investors have recently bought and sold shares of OVV. Envestnet Portfolio Solutions Inc. acquired a new stake in Ovintiv in the first quarter valued at about $214,000. US Bancorp DE grew its holdings in Ovintiv by 4.5% during the first quarter. US Bancorp DE now owns 8,914 shares of the company's stock worth $463,000 after acquiring an additional 386 shares during the period. Avantax Advisory Services Inc. purchased a new position in Ovintiv in the first quarter worth $233,000. Vanguard Group Inc. lifted its holdings in Ovintiv by 3.8% in the first quarter. Vanguard Group Inc. now owns 28,055,344 shares of the company's stock valued at $1,456,072,000 after acquiring an additional 1,024,931 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of Ovintiv by 1,228.3% during the 1st quarter. Acadian Asset Management LLC now owns 8,063 shares of the company's stock worth $418,000 after purchasing an additional 7,456 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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.