Ovintiv Inc. (NYSE:OVV - Free Report) - Zacks Research upped their Q1 2025 EPS estimates for shares of Ovintiv in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.09 for the quarter, up from their previous estimate of $1.05. The consensus estimate for Ovintiv's current full-year earnings is $5.59 per share. Zacks Research also issued estimates for Ovintiv's Q2 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.42 EPS, FY2025 earnings at $4.90 EPS, Q1 2026 earnings at $1.07 EPS, Q4 2026 earnings at $1.98 EPS, FY2026 earnings at $5.57 EPS and FY2027 earnings at $6.07 EPS.
Several other analysts also recently weighed in on OVV. Wells Fargo & Company upped their price objective on Ovintiv from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group reduced their price target on shares of Ovintiv from $59.00 to $56.00 and set a "buy" rating on the stock in a research note on Monday, December 9th. Scotiabank upgraded shares of Ovintiv to a "strong-buy" rating in a research report on Wednesday, March 19th. Barclays raised their target price on shares of Ovintiv from $57.00 to $59.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ovintiv from $56.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Ovintiv currently has an average rating of "Moderate Buy" and an average price target of $56.79.
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Ovintiv Price Performance
NYSE OVV traded up $1.59 on Thursday, hitting $43.05. 3,680,040 shares of the company's stock were exchanged, compared to its average volume of 2,960,300. Ovintiv has a 52 week low of $36.62 and a 52 week high of $55.95. The stock has a 50-day moving average of $42.77 and a 200-day moving average of $41.82. 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 has a market cap of $11.21 billion, a price-to-earnings ratio of 5.71 and a beta of 2.55.
Ovintiv Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.79%. Ovintiv's dividend payout ratio is currently 28.57%.
Institutional Trading of Ovintiv
Several large investors have recently modified their holdings of OVV. True Wealth Design LLC grew its holdings in Ovintiv by 3,180.0% in the third quarter. True Wealth Design LLC now owns 656 shares of the company's stock worth $25,000 after purchasing an additional 636 shares during the period. Colonial Trust Co SC acquired a new stake in shares of Ovintiv in the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its position in Ovintiv by 100.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock valued at $29,000 after buying an additional 360 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Ovintiv by 71.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 805 shares of the company's stock worth $32,000 after acquiring an additional 335 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Ovintiv in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 83.81% of the company's stock.
About Ovintiv
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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.
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