Zacks Research Comments on Ovintiv's Q1 Earnings (NYSE:OVV)

Ovintiv Inc. (NYSE:OVV - Free Report) - Investment analysts at Zacks Research raised their Q1 2025 earnings per share estimates for shares of Ovintiv in a research note issued to investors on Wednesday, April 16th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $1.24 per share for the quarter, up from their previous estimate of $1.11. 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 $1.23 EPS, Q3 2025 earnings at $1.31 EPS, Q4 2025 earnings at $1.52 EPS, FY2025 earnings at $5.29 EPS, Q1 2026 earnings at $1.16 EPS, Q2 2026 earnings at $1.31 EPS, FY2026 earnings at $5.73 EPS and Q1 2027 earnings at $1.25 EPS.

A number of other equities research analysts have also issued reports on OVV. Williams Trading set a $58.00 target price on shares of Ovintiv in a report on Wednesday, March 5th. Morgan Stanley restated an "overweight" rating and set a $50.00 target price on shares of Ovintiv in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on Ovintiv from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Ovintiv from $56.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, BMO Capital Markets raised shares of Ovintiv from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $55.00 to $57.00 in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Ovintiv has a consensus rating of "Buy" and a consensus target price of $56.12.

Ovintiv Price Performance

Shares of OVV traded up $0.15 during trading hours on Friday, hitting $33.73. 1,475,595 shares of the stock were exchanged, compared to its average volume of 3,159,962. The stock's 50-day moving average price is $39.22 and its two-hundred day moving average price is $41.25. Ovintiv has a 12-month low of $29.80 and a 12-month high of $53.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 4.47 and a beta of 2.04.

Institutional Trading of Ovintiv

Several hedge funds have recently modified their holdings of OVV. Colonial Trust Co SC acquired a new stake in Ovintiv in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB raised its holdings in Ovintiv by 100.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 717 shares of the company's stock worth $29,000 after purchasing an additional 360 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Ovintiv by 71.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 805 shares of the company's stock worth $32,000 after buying an additional 335 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Ovintiv in the 4th quarter valued at $40,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Ovintiv in the 4th quarter valued at $40,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Ovintiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, March 14th. Ovintiv's payout ratio is currently 28.57%.

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.