Zacks Research Has Positive Forecast for Ovintiv Q1 Earnings

Ovintiv Inc. (TSE:OVV - Free Report) - Investment analysts at Zacks Research upped their Q1 2025 EPS estimates for Ovintiv in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.56 per share for the quarter, up from their prior estimate of $1.51. The consensus estimate for Ovintiv's current full-year earnings is $5.66 per share. Zacks Research also issued estimates for Ovintiv's Q2 2025 earnings at $1.65 EPS, Q3 2025 earnings at $1.76 EPS, Q4 2025 earnings at $2.03 EPS, FY2025 earnings at $7.01 EPS, Q1 2026 earnings at $1.53 EPS, Q4 2026 earnings at $2.83 EPS, FY2026 earnings at $7.97 EPS and FY2027 earnings at $8.69 EPS.

Separately, Scotiabank raised shares of Ovintiv to a "strong-buy" rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Strong Buy" and an average target price of C$68.00.

Ovintiv Price Performance

Shares of OVV traded up C$1.99 during trading hours on Thursday, reaching C$61.59. The company had a trading volume of 152,536 shares, compared to its average volume of 162,765. The firm has a 50 day simple moving average of C$61.36 and a 200-day simple moving average of C$58.92. The company has a market capitalization of C$11.20 billion, a price-to-earnings ratio of 5.65, a PEG ratio of 0.05 and a beta of 2.63. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 63.59. Ovintiv has a 12-month low of C$49.74 and a 12-month high of C$76.63.

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Ovintiv Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.95%. Ovintiv's dividend payout ratio (DPR) is currently 14.85%.

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.