Free Trial

Q3 2024 EPS Estimates for Ovintiv Inc. Cut by Analyst (TSE:OVV)

Ovintiv logo with Energy background

Ovintiv Inc. (TSE:OVV - Free Report) - Equities researchers at Capital One Financial reduced their Q3 2024 earnings per share (EPS) estimates for shares of Ovintiv in a note issued to investors on Monday, October 14th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.49 per share for the quarter, down from their previous estimate of $1.60. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Capital One Financial also issued estimates for Ovintiv's FY2024 earnings at $6.65 EPS.

Several other research firms have also recently commented on OVV. Wolfe Research upgraded shares of Ovintiv to a "strong-buy" rating in a report on Thursday, July 18th. Evercore ISI raised Ovintiv from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 10th.

View Our Latest Report on Ovintiv

Ovintiv Stock Down 0.2 %

Shares of OVV stock traded down C$0.09 during trading hours on Wednesday, reaching C$56.52. 75,073 shares of the stock were exchanged, compared to its average volume of 121,049. The business's fifty day moving average is C$56.47 and its two-hundred day moving average is C$63.53. The firm has a market capitalization of C$14.90 billion, a P/E ratio of 5.79, a P/E/G ratio of 0.05 and a beta of 2.63. Ovintiv has a 12-month low of C$49.74 and a 12-month high of C$76.63. 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 (TSE:OVV - Get Free Report) last released its earnings results on Tuesday, July 30th. The company reported C$1.69 EPS for the quarter, topping the consensus estimate of C$1.67 by C$0.02. The firm had revenue of C$3.13 billion during the quarter, compared to analysts' expectations of C$3.46 billion. Ovintiv had a return on equity of 19.75% and a net margin of 18.84%.

Ovintiv Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Friday, September 13th. Ovintiv's payout ratio is 16.58%.

Ovintiv Company Profile

(Get Free Report)

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.

Featured Articles

Earnings History and Estimates for Ovintiv (TSE:OVV)

Should you invest $1,000 in Ovintiv right now?

Before you consider Ovintiv, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ovintiv wasn't on the list.

While Ovintiv currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Post-Election Chaos or Opportunity? Prepare Your Investments
Strong Markets Meet Rising Volatility—Are Your Investments Safe?
Analysts Bullish on AI-Powered Healthcare: Intuitive Surgical’s 30% Upside

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines