Q1 EPS Estimates for Ovintiv Lifted by Capital One Financial

Ovintiv Inc. (NYSE:OVV - Free Report) - Stock analysts at Capital One Financial upped their Q1 2025 earnings per share (EPS) estimates for Ovintiv in a research note issued on Monday, February 3rd. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $1.40 for the quarter, up from their prior forecast of $1.30. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Capital One Financial also issued estimates for Ovintiv's FY2025 earnings at $6.27 EPS.

OVV has been the topic of a number of other reports. Truist Financial increased their target price on shares of Ovintiv from $59.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Wells Fargo & Company cut their target price on Ovintiv from $48.00 to $42.00 and set an "equal weight" rating for the company in a research report on Tuesday, December 17th. Siebert Williams Shank upgraded shares of Ovintiv to a "strong-buy" rating in a research report on Tuesday, October 15th. National Bankshares lifted their price target on Ovintiv from $51.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Mizuho cut their price objective on Ovintiv from $63.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, thirteen have issued 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 a consensus target price of $56.88.

Ovintiv Stock Up 0.6 %

NYSE:OVV traded up $0.27 during mid-day trading on Thursday, hitting $42.61. The company had a trading volume of 928,278 shares, compared to its average volume of 2,491,747. The business has a fifty day simple moving average of $42.23 and a 200-day simple moving average of $42.17. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 5.67 and a beta of 2.60. Ovintiv has a 1 year low of $36.90 and a 1 year high of $55.95. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46.

Ovintiv (NYSE:OVV - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.76. The business had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.32 billion. Ovintiv had a net margin of 20.15% and a return on equity of 17.87%. During the same period last year, the company posted $1.74 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amundi increased its holdings in shares of Ovintiv by 32.6% in the 4th quarter. Amundi now owns 1,197,807 shares of the company's stock worth $50,823,000 after acquiring an additional 294,197 shares during the period. Pacific Heights Asset Management LLC increased its holdings in shares of Ovintiv by 697.4% in the 4th quarter. Pacific Heights Asset Management LLC now owns 1,515,000 shares of the company's stock valued at $61,358,000 after purchasing an additional 1,325,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Ovintiv during the 4th quarter valued at $7,773,000. Cullen Frost Bankers Inc. increased its stake in shares of Ovintiv by 3,571.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,028 shares of the company's stock worth $42,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Ovintiv during the fourth quarter valued at about $768,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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.